LA County Board

26. Investment Custody and Securities Lending Services Sole Source\nContract Amendment\nRecommendation: Authorize the Interim Treasurer and Tax Collector to\nexecute an amendment to a contract with Citibank, N.A. for Investment\nCustody and Securities Lending Services, to extend the contract term for an\nadditional one-year period from June 1, 2024 through May 31, 2025, with\nan annual contract amount not to exceed $250,000, with funding included in\nthe Fiscal Year 2024-25 Budget; and add, delete, and/or revise certain\nterms and conditions as required under Federal, or State, or local law or\nregulation, or as required by the Board, approve assignment and delegation\nof the contract, resulting from acquisitions, mergers, or other changes in\nownership, make changes to the statement of work, as operationally\nnecessary, and terminate the contract for convenience. (Treasurer and\nTax Collector) APPROVE (24-1431)\nFamily and Social Services