Title
Consider approval to utilize Hilltop Securities Asset Management LLC as the investment manager for the City; and authorizing the City Manager to sign any necessary documents.
Summary
See attached memo.
Fiscal Impact:
The City can expect an annual fee of approximately $90,000, which is based on a tiered rate structure of .03% on the first $200 million, and .02% on the dollars above $200 million.
Staff Recommendation:
The Strategic Financial Engagement Department recommends approval.
Strategic Pillar Icon:
Sustainable Government