Title
A Resolution accepting the response of PFM Asset Management, LLC, for treasury consulting services for the Dept. of Finance, and authorizing the Mayor to execute an Agreement with PFM Asset Management, LLC, related to these services in an amount not to exceed $50,000 in Fiscal Year 2012. [Dept. of Finance, Driskell]
Summary
Authorization to execute a Treasury Consulting Services Agreement with PFM Asset Management, LLC to assist in the RFP and selection of a Financial Institution for primary banking services to LFUCG. (L081-12) (Driskell)
This is a request to execute a Treasury Consulting Services Agreement with PFM Asset Management, LLC at a cost in the amount of $50,000.00 to assist in the RFP and selection of a financial institution for primary banking services to LFUCG. Funds are budgeted.
BUDGETARY IMPLICATIONS: Yes
ADVANCED DOCUMENT REVIEW: LAW
FULLY BUDGETED: Yes
ACCOUNT NUMBER: 1101 202101 2011 71202
THIS FISCAL YEAR IMPACT: 50,000.00
ANNUAL IMPACT: 0
PROJECT:
ACTIVITY:
BUDGET REFERENCE: 2012
CURRENT BALANCE: 131,053.35
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the response of PFM Asset Management, LLC, for treasury consulting services for the Department of Finance, be and hereby is accepted and approved as to the specifications and amounts set forth in the terms of the RFP and response, and that the Mayor is authorized, on behalf of the Lexington-Fayette Urban County Government, to execute the Agreement with PFM Asset Management, LLC, which is attached hereto and incorporated by reference, related to these services.
Section 2 - That an amount, not to exceed the sum of $50,000.00 in FY2012, be and hereby is approved for payment to PFM Asset Management, LLC, from account #1101-202101-71202, pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
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