Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Clayton council approves parts of consent calendar, continues two contract items
Summary
The Clayton City Council on Oct. 1 approved two consent items including a resolution to renew LAIF investment authorization and continued two contract-related items to Oct. 15. The motion passed 5-0.
The Clayton City Council on Oct. 1 approved parts of its consent calendar and delayed two contract items until the Oct. 15 meeting.
Councilmember Wan moved and Vice Mayor Trupiano seconded a motion to approve Consent Calendar items 4(a) and 4(c); the motion passed 5-0. Items 4(b) (a proposed first amendment to a consulting services agreement that would add $50,000 for a total not to exceed $80,000, effective June 15, 2024–Jan. 31, 2025) and 4(d) (authorization to execute a contract with UBS for investment advisory services at a rate of 20 basis points) were continued to Oct. 15, 2024.
Item 4(c) adopted Resolution 38-2024 renewing the city's authorization to invest funds in the Local Agency Investment Fund in accordance with Section 16429.1 of the California Government Code. The minutes record that Resolution 38-2024 was adopted as part of the approved consent items.
By approving 4(a) and 4(c) while continuing two contract-related items, the council left pending details about additional consultant compensation and the UBS advisory contract for the next regular meeting. The next meeting is scheduled for Oct. 15, 2024.
