6.6.2.010 Findings

(a) The Pueblo's investment firm, San Francisco Sentry, has advised the Pueblo that there is the need to contract with another brokerage clearing firm because the current brokerage clearing firm utilized by San Francisco Sentry, J.P. Morgan, will no longer provide that services;

(b) The firm of Charles Schwab has been recommended by San Francisco Sentry;

(c) The Council has been fully advised about the proposed contract and transfer to Charles Schwab, including the need for a limited waiver of the Pueblo's sovereign immunity for purposes of arbitration and dispute resolution under the brokerage agreements, and has determined it to be in the best interest of the Pueblo to contract with the firm, Charles Schwab.