City Council

13. 24-52660 Recommendation to adopt Specifications No. RFP FM-23-317 and award contract\nto Northern Trust Company, of Chicago, IL, for trust and custody services, in an\nannual contract amount of $61,799, authorize a 20 percent contingency in the\namount of $12,360 for a total annual contract amount not to exceed $74,159, for a\nperiod of two years, with the option to renew for three additional one-year periods,\nat the discretion of the City Manager; and authorize City Manager, or designee, to\nexecute all documents necessary to enter into the contract, including any\nnecessary subsequent amendments. (Citywide)\nOffice or Department: Financial Management\nSuggested Action: Approve recommendation.