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Council approves two-year investment-advisory contract; one member recused

Murphy City Council · May 19, 2026
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Summary

The council approved a resolution authorizing the city manager to negotiate and execute a two-year contract with Valley View Consulting LLC for investment-advisory services; Councilmember Eisen was recused from the vote and the motion passed among remaining members.

Council considered Item 8C, a resolution authorizing the city manager to negotiate and execute a two-year agreement with Valley View Consulting LLC for investment-advisory services. The mayor noted there was a recusal for this item and temporarily dismissed Councilmember Eisen from the discussion before the motion.

"We do have a, an exception, a recusal from this item. So we're going to dismiss Councilmember Eisen from this time," the mayor said. After a motion to approve was made and seconded, the council voted "Aye" and the mayor announced the motion passed unanimously among voting members present; Councilmember Eisen was called back to the dais after the vote. The contract text and negotiation authority will be handled by the city manager as authorized by the resolution.