Specifications include, but are not limited to: 3. REQUIREMENTS: a. The selected firm will be required to enter into a non‐exclusive contract with the City for investing of a portion of the City’s operating funds. More than one manager may be selected by the City. b. The contract will include a provision for third party custodial services; delivery versus payment provisions; settlement procedures; Term of Agreement; Termination and Rescission provisions; insurance requirements; and other provisions considered necessary and/or advisable. Fees will be negotiated after contract award and will not be part of the evaluation. Records and reporting requirements will include a written quarterly report for Accounting Director an annual report for City Council. The contract will also require conformance with the City’s investment policy, with emphasis on principal preservation, and all applicable State regulations.
