CC 05-21-2024 Item No. 8 FY 2024-25 projects proposed to receive funding_Written CommunicationsCC 05-21-2024
Item #8
Approve Third
Amendment with
Chandler Asset
Management and
Rehabilitation Account
Written Communications
From:Rhoda Fry
To:City Clerk; City Council
Subject:City Council Agenda 5/21/2024 #8 Chandler
Date:Tuesday, May 21, 2024 7:11:45 AM
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Dear City Council,
Questions regarding City Council Agenda 5/21/2024 #8 Chandler:
1. The contract contains this statement: Assist with reviewing and recommending any
appropriate amendments to the City's Investment Policy at the outset of the contract
term, and assist with the annual review and update of the Investment Policy
At what times did Chandler do a review of the Investment Policy in the last 5 years?
Why was this one line of text added to the investment policy after $45M was moved?
“By adopting this Policy, the City Council delegates to the City Treasurer the authority
to invest or to reinvest City funds, or to sell or exchange securities so purchased
pursuant to Government Code Section 53607.”
2. The second amendment expired on December 31, 2023. It seems that for all of 2024, we
have not had an active contract with Chandler. Why?
Thanks,
Rhoda Fry
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