City Council

A. Award Request for Proposal to Meeder Public Funds, Inc. for Non-Discretionary Investment Advisory\nand Portfolio Management Services\nRecommended Action\nStaff recommends that the City Council:\n1. Adopt a finding of no possibility of significant effect pursuant to Section 15061(b)(3)\n(Common Sense Exemption) of the California Environmental Quality Act (CEQA)\nGuidelines;\n2. Award RFP# 431 to Meeder Public Funds, Inc. for non-discretionary Investment Advisory\nand Portfolio Management services for the Finance Department; and\n3. Authorize the City Manager to negotiate and execute an agreement with Meeder Public\nFunds, Inc., in an estimated amount not to exceed $510,000 for three years, with two\nadditional one-year renewal options in the amount of $340,000, on the same terms and\nconditions for a total amount not to exceed $850,000 over a five-year period, with future\nyear funding contingent on Council budget approval.\na. Attachment A - Annual Update on City Investment Policy (2025)\nb. Oaks Initiative Form - Meeder Public Funds\nc. Living Wage Certification - Meeder Public Funds\nd. Levine Act Disclosure Form - Meeder Public Funds