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HomeMy WebLinkAbout05/07/2012 Item 032 MOHAVE COUNTY REQUEST FOR BOARD ACTION FORM
n n` FORMAL ACTION: ❑
FROM: Annie Newton - Fruhwirth, C.P.P.B., Procurement Manager CONSENT
CONTACT /EXT: 4194 Y RESOLUTION ❑
DATE: March 23, 2012 OTHER ❑
BOS MEETING DATE: May 7, 2012 INFORMATION ONLY ❑
SUMMARIZE THE ISSUE & DESIRED ACTION CLEARLY /ATTACH BACKUP MATERIAL:
On May 4, 2009, the Board of Supervisors approved award of Contract No. 09 -P -04, Investment
Advisory Services to Davidson Fixed Income Management, Phoenix, Arizona. Pursuant to the terms
of the existing Contract, the request is being made to extend the current Contract for an additioinal
one (1) year period from May 4, 2012 through May 3, 2013 with a rate adjustment lowering the fee
charged quarterly on the medium term operating account from .10 basis points to .09 basis points.
RECOMMENDED MOTION:
Approve Amendment No. 3 to Contract No. 09 -P -04, Investment Advisory Services to Davidson Fixed
Income Management, Phoenix, AZ extending the contract for an additional one (1) year period from
May 4,.2012 through May 3, 2013 and reducing the fee for the Medium Term Operating Account to 9
(.09 %) basis points annually with all other terms and conditions remaining the same.
ATTACHMENT(S)
Contract Amendment No. Three (3) (3 copies)
Reviewed and Approved By: 01p !� zw
County Attorney Human Resources Q Finance County Manage
Board Action Taken:
Approved as Requested No Action Taken Q Disapproved Q
Continued to Approved with the following changes:
Acknowledged receipt and referred to:
Filing Information and Retrieval
Filed Bid Filed Agreement a9L
BOS Resolution Filed Yearly Correspondence
Filed Petition Filed Dedication
Filed Land Sold Filed Land Acquired
Filed Franchise ' ID Resolution
Filed Improvement District Filed Other
CS Remo
Date Routed: 5 -
Additional Informs ion -
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County of Mohave
PROCUREMENT DEPARTMENT
CONTRACT NO. 09-P-04
INVESTMENT ADVISORY SERVICES
AMENDMENT NO. THREE (3)
DATE ISSUED: March 23, 2012
The referenced document has been modified as per the attached Amendment
No. THREE (3). This Amendment is hereby made part of the referenced Contract
as though fully set forth therein.
Mohave County Procurement Office
P.O. Box 7000
Kingman, Arizona 86402 -7000
(928) 753 -0752 Fax (928)753 -0787
MOHAVE COUNTY PROCUREMENT DEPARTMENT CONTRACT NO. 09-P-04
700 W. BEALE STREET, FIRST FLOOR EAST AMENDMENT NO.: Three (3)
P.O. BOX 7000, KINGMAN, AZ 88402 -7000 PAGE 2 Of 2
ISSUE DATE: March 23, 2011 PROCUREMENT OFFICER: Tony Burgett
THIS CONTRACT IS AMENDED AS FOLLOWS:
.CONTRACT NO. 09 -P -04
INVESTMENT ADVISORY SERVICES
• In accordance with Special Terms and Conditions. Clause #3 — Contract Term and Renewal the
current Contract No. 09 -P -04 is hereby extended for an additional one -year period from May 4. 2012
through May 3, 2013
• In accordance with Special Terms and Conditions. Clause #4 — Rate Adiustments. revise Exhibit
B. Fee 'Summary. Medium .Term Oneratln_g Account, Monthly Averacre Assets Fee reduced from
10 (.10 %) basis points annually to 9 (.09 %) basis points annually.
• All Terms & Conditions of the existing Contract shall remain the same.
ALL OTHER PROVISIONS OF THE CONTRACT SHALL REMAIN IN THEIR ENTIRETY.
CONTRACTOR HEREBY ACKNOWLEDGES RECEIPT AND UNDERSTANDING OF THE ABOVE
AMENDMENT.
Signature of Person Authorized to Sign Date Buster D. Johnson, Chairman Date
/?- NA-4 Mohave County Board of Supervisors
Printed Name
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