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Council hears vendor pitch for CashVest pilot aimed at increasing returns on city cash
Summary
The committee heard a vendor presentation on CashVest (3plus1) and discussed data access, turnaround time and fees; vendor representatives said an initial analysis takes about two to three weeks and that no payment is due until findings are delivered.
Council President Vidor presented an item authorizing a 12‑month service agreement between the city treasurer's office and a vendor (3plus1) offering CashVest, and the committee heard a detailed vendor presentation and Q&A.
A presenter introduced himself as Adam and described CashVest as a cash‑management analytics service that examines 24 months of transaction history to identify funds the city could temporarily deploy or use to negotiate better bank terms. "We track…
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