Number
241218
Version
ORIGINAL
Reference
Sponsor
THE CHAIR
Title
Resolution authorizing an extension to the current contract for Investment Management Services.
Analysis
Body
Whereas, the Redevelopment Authority previously issued a Request for Proposal to enter into a contract for Investment Advisory Services; and
Whereas, The Redevelopment Authority Board approved Resolution No. 10526 giving the authority to the Executive Director to execute a contract for three years with Associated Bank; and
Whereas, The Redevelopment Authority Board approved Resolution No. 10759 authorizing a three-year extension of the original contract; and
Whereas, The Redevelopment Authority Board approved Resolution No. 10892 authorizing a three-year extension of the contract through February 21, 2025; and
Whereas, The Redevelopment Authority staff has been pleased with the performance of Associated Bank under the terms of this contract and recommends extending the contract for another three years; and
Whereas, funding for these services will be provided from the Authority’s portfolio; now, therefore, be it
Resolved, By the Redevelopment Authority of the City of Milwaukee that the Executive Director is authorized to execute a three year extension to the current new contract with Associated Bank.
Requestor
Drafter
David Misky November 22, 2024