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McAllen awards three-year investment advisory contract to Valley View Consulting
Summary
The McAllen City Commission and Public Utility Board voted to award a three-year contract for investment advisory services to Valley View Consulting LLC, with options to extend and an annual fee cap of $75,000.
The McAllen City Commission, in a joint action with the Public Utility Board, voted to award a three-year contract for investment advisory services to Valley View Consulting LLC, with a contract start date of Oct. 14, 2025 and options to extend for two additional one-year periods.
City staff told commissioners the solicitation produced four responses and that the Audit and Investment Committee held live interviews before ranking Valley View highest. A treasury and finance representative said the committee recommended the award after reviewing presentations and past work for the city. “The committee recommends approval of the award of a 3 year contract for investment advisory services to Valley View Consulting LLC commencing 10/14/2025, and providing for 2 additional 1 year extension renewals upon agreement of both parties,” the presenter said.
The city described the annual fee as 0.02 percent (two basis points) of the average quarterly book value of the portfolio, subject to a fiscal-year maximum of $75,000. The presenter said the RFP generated four competitive responses and that panel interviews were used to differentiate the firms.
A commissioner moved to award the contract to Valley View; the motion was seconded and, following a voice vote, the motion carried for both the City Commission and the Public Utility Board. The meeting record shows multiple participants responding “Aye.” The meeting transcript does not record the names of the members who made and seconded the motion.
The contract award authorizes the city manager or general manager to exercise the optional extensions and to terminate the agreement for unsatisfactory performance.
The action was taken during the workshop portion of the meeting; no further implementation schedule or contract document was presented at the workshop.
Votes at a glance: Award investment advisory contract to Valley View Consulting LLC — approved by voice vote (movemaker not specified in transcript).
