6.6.10.040 Authorization for Portfolio Monitoring, LLC

(a) The Council hereby authorizes the Governor to negotiate and execute a contract for the continuation of services provided by Portfolio Monitoring, LLC, to provide professional monitoring services of the Pueblo's investment accounts and to report their written findings to the Council, Governor, and Investment Committee; and

(b) The Council hereby authorizes the Governor to negotiate and execute a contract with Portfolio Monitoring, LLC on a sole-source basis due to their highly specialized securities monitoring services and extensive experience.

(c) The Council hereby authorizes the Governor to utilize funds from the investment accounts to obtain the portfolio monitoring services as an expense of maintaining the investment accounts; and

(d) Portfolio Monitoring, LLC, shall provide written reports on a least a quarterly basis of their findings and services directly to the Governor and Council.