The Robinson City Council approved renewing its contract with Valley View Consulting to continue managing the city’s investment portfolio and advising on CD rollovers, depository agreements and auditor proposals. The action was taken as part of the meeting’s consent agenda.

Council members took up the renewal after city staff reviewed Valley View’s role. City staff explained the firm “manage[s] all of our investment portfolio” and handles CD solicitations and quarterly reports. Staff said the firm charges “6 tenths of 1% of the value of our portfolio for a fee,” and recommended renewal on grounds that the service costs less than maintaining equivalent in‑house capacity.

The renewal continues a relationship staff described as having lasted “about 8 years,” during which staff said the city has performed well on investment returns. Council members placed the item on the consent agenda and approved it along with two other consent items.

The vote was recorded as approval of the consent agenda items; the renewal will proceed under the terms presented to the council. The staff presentation said the firm will continue to advise the city on investment strategy and CD rollovers and will assist with auditor solicitations and depository agreements.