PILLAR: Core
AGENDA DATE: February 25, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Procurement Services
PRIORITY: N/A
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SUBJECT
Title
Authorize (1) the rejection of the proposals received for investment advisory services in relation to the City’s pension plans for the City Controller’s Office; and (2) the re-advertisement for a new solicitation - Financing: No cost consideration to the City
Body
BACKGROUND
This action will authorize the rejection of the proposals received for solicitation BEZ25-00027108 for a two-year service contract with two, two-year renewal options for investment advisory services in relation to the City’s pension plans for the City Controller’s Office. The City Controller’s Office has requested to reject proposals due to the scope not being in alignment with the City’s goals. The City Controller’s Office will re-assess the needs of the City and re-advertise with a revised scope of work.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
No cost consideration to the City.