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Master Report
Enactment Number: R-25-0212
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 17479 File Type: Resolution Status: ADOPTED
Revision: Controlling Body: City Commission
File Name: Authorize - Investment Advisory Services - Palm Introduced: 4/9/2025
Bay
Requesting Dept: Department of Finance Final Action Date: 6/17/2025
Title: A RESOLUTION OF THE MIAMI CITY COMMISSION PURSUANT TO SECTION 18-111
OF THE CODE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED ("CITY CODE"),
AUTHORIZING THE PURCHASE OF INVESTMENT ADVISORY SERVICES ON AN AS -
NEEDED BASIS FROM U.S. BANCORP ASSET MANAGEMENT, INC. D/B/A PFM
ASSET MANAGEMENT ("PFM") UTILIZING THE CITY OF PALM BAY, FLORIDA,
CONTRACT NO. 66-0-2021/SZ ("PALM BAY CONTRACT"), AWARDED PURSUANT TO
A COMPETITIVE PROCESS IN COMPLIANCE WITH THE CITY LAWS, POLICIES,
AND PROCEDURES, AS DETERMINED BY THE CHIEF PROCUREMENT OFFICER,
FOR A TERM OF FOUR (4) YEARS FROM MARCH 1, 2022, THROUGH FEBRUARY
27, 2026, WITH SIX (6) REMAINING OPTIONS TO RENEW FOR ADDITIONAL ONE (1)
YEAR PERIODS; ALLOCATING FUNDING FROM VARIOUS SOURCES WITHIN THE
FINANCE DEPARTMENT'S OPERATING BUDGET, SUBJECT TO THE AVAILABILITY
OF FUNDS AND BUDGETARY APPROVAL AT THE TIME OF NEED; AUTHORIZING
THE CITY MANAGER TO NEGOTIATE AND EXECUTE AN AMENDMENT TO THE
SUPPLEMENTAL AGREEMENT, DATED APRIL 1, 2024, WITH PFM, IN A FORM
ACCEPTABLE TO THE CITY ATTORNEY, TO REMOVE THE NOT -TO -EXCEED
$50,000.00 CONTRACT LIMIT; FURTHER AUTHORIZING THE CITY MANAGER TO
NEGOTIATE AND EXECUTE ANY DOCUMENTS, INCLUDING RENEWALS,
EXTENSIONS, OR AMENDMENTS, ALL IN FORMS ACCEPTABLE TO THE CITY
ATTORNEY, SUBJECT TO ALLOCATIONS, APPROPRIATIONS, PRIOR BUDGETARY
APPROVAL, AND COMPLIANCE WITH APPLICABLE PROVISIONS OF THE CITY
CODE, INCLUDING, THE CITY OF MIAMI'S PROCUREMENT ORDINANCE, ANTI -
DEFICIENCY ACT, AND FINANCIAL INTEGRITY PRINCIPLES, ALL AS SET FORTH IN
CHAPTER 18 OF THE CITY CODE, AND IN COMPLIANCE WITH APPLICABLE LAWS,
RULES, AND REGULATIONS, AS MAY BE NECESSARY FOR SAID PURPOSE;
PROVIDING FOR AN EFFECTIVE DATE.
Notes:
Pursuant to the resolution, this item became effective immediately upon adoption by the
Commission.
Links:
Attachments: 17479 Back -Up Document (PDF)
17479 Corporate Detail (PDF)
History of Legislative File:
Revision: Acting Body: Date:
Action: Result:
Erica T. Paschal
Donovan Dawson
Marie Gouin
4/9/2025
4/14/2025
4/15/2025
Department Head Review
Budget Analyst Review
Budget Review
Completed
Completed
Completed
City of Miami Page 1 of 2 Printed on: 8/25/2025
Annie Perez
Larry M. Spring
Natasha Colebrook -Williams
Legislative Division
Arthur Noriega V
George K. Wysong III
Thomas M. Fossler
City Commission
City Commission
City Commission
City Commission
City Commission
City Commission
City Clerk's Office
City of Miami
Master Report
Enactment Number:
5/4/2025
5/8/2025
5/8/2025
5/8/2025
5/8/2025
5/13/2025
5/13/2025
5/22/2025
5/22/2025
6/12/2025
6/12/2025
6/17/2025
6/17/2025
6/20/2025
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
R-25-0212
Procurement Review
Assistant City Manager Review
Deputy City Manager Review
Legislative Division Review
City Manager Review
Approved Form and
Correctness
ACA Review
Meeting
NO ACTION TAKEN
Meeting
MEETING CANCELLED
Meeting
ADOPTED
Rendered
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Completed
Passed
Completed
Passed
Completed
Passed
Completed
City of Miami Page 2 of 2 Printed on: 8/25/2025