Res 2005-036 - Laserfiche WebLink

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distinctly invested from all other funds invested by the Consultant. 3.3 INVESTMENTS AND DUTIES The Consultant will: 3.3.1 Make all investments in accordance with State law and the City Investment Policy. The Consultant will manage the Portfolio and Accounts with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probably safety of their capital as well as probable income to be derived. The Consultant will apply this "Prudent Person" rule to the investment of all Portfolios with the same degree of care and assuming the same duty as the City. The Consultant does not have discretionary authority and, accordingly, will obtain approval from the City for the purchase or sale of securities prior to the execution of either the purchase or sale of same. Duties 3.3.2 With respect to the Portfolio, the Consultant will provide investment management services and cause to be executed such trades as are determined to be in accordance with subsection 3.3.1 above. The Consultant will provide professional services, will direct and coordinate all programs of investing as may be considered and authorized by the City and will assUIile and pay those expenses incurred by the consultant in connection with the execution of investment decisions. The Consultant agrees to perfonn all of the following duties: 1) Develop a historical cash flow analysis in order to assure that the Portfolio is structured as effectively and accurately as possible. 2) Review and assist in the development of an essential cash flow model, which will form the foundation for future investment and cash management decisions. 3) Recommend appropriate strategies based upon cash flow requirements. 4) Advise the City on current market conditions and other general information. 5) Continuously monitor investment opportunities and evaluate investments of the Portfolio. 6) Analyze risk/return relationships between various investment alternatives. 7) Attend meetings, present reports, or make presentations to City officials, staff, representatives, or committees as requested by the City, when the subject of investments is to be discussed. 8) Select investment securities and, as directed by the City, cause the investment transactions to be executed. 9) Promptly send or cause to be sent trade tickets to the City. 10) Prepare quarterly investment reports (consistent with the State of Texas Public Funds Investment Act) including, but not limited to, a description of market conditions, investment strategies employed, performance and suggested changes to investment strategy. Investment perfOi1nance must be provided and compared 4