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Community Development <br />2. Actions of the Zoning Administrator and Planning Commission <br />Recommendation: Approve actions of the Zoning Administrator and Planning <br />Commission. <br />Item 3 was pulled for further discussion <br />Finance <br />4. Adopt a resolution approving Fiscal Year 2024/25 Investment Policy and <br />Guidelines <br />Recommendation: Adopt Resolution No. 2024-042 approving the Fiscal Year <br />2024/25 Investment Policy and Guidelines. <br />5. Approve Fiscal Year 2024/25 recurring purchase order agreements <br />Recommendation: Authorize the issuance of RPOAs to vendors and amounts for <br />FY 2024/25. <br />6. Adopt a resolution approving the Fiscal Year 2024/25 appropriations limit <br />Recommendation: Adopt Resolution No. 2024-043 approving the Fiscal Year <br />2024/25 appropriations limit. <br />7. Approve an agreement with Chandler Asset Management, Inc. for Investment <br />Management Services for three years from July 1, 2024 through June 30, 2027 <br />with the not -to -exceed aggregate total of $218,000 over a three-year term with an <br />option for two additional years <br />Recommendation: The Audit Committee met on June 6, 2024 to review the <br />proposed contract for investment management services with Chandler Asset <br />Management and recommended City Council approval. Staff recommends the City <br />Council: <br />Approve an agreement with Chandler Asset Management for investment <br />management services for three years from July 1, 2024 through June 30, <br />2027 with the not -to -exceed aggregate total of $218,000 over a three-year <br />term with an option to extend for two additional one-year extensions with <br />satisfactory performance; and <br />Authorize the City Manager to execute the initial three-year agreement and <br />exercise two optional one-year extensions provided upon satisfactory <br />performance for the first three years and the extension(s). <br />City Council Minutes Page 2 of 8 June 18, 2024 <br />