Del Mar

City Council

November 18, 2024 Item #5

Agenda Item 5

5. Agreement for Investment Advisory and Management Services\nRecommended Action: Staff recommends that the City Council: 1) Approve a\nprofessional services agreement with Optimized Investment Partners, LLC\n(Attachment A) for investment advisory and management services for an initial\nthree-year period effective November 18, 2024, through November 17, 2027; and\n2) Authorize the City Manager to execute the agreement and any subsequent\nterm extension amendments provided for under the Agreement contingent upon\nsatisfactory performance by the consultant.\nReference: Clerk’s File No. 209-2, 406-1