Redmond Bidlocker #5338_Investment_Management_Services

The City of Redmond, Oregon, awarded a professional services contract to Government Portfolio Advisors (GPA) to serve as the city's investment advisor for a maximum of five years, including a three-year initial term with two optional one-year renewals. The city manages over $265 million in investable funds. The contract was awarded following a competitive RFP process, with GPA ranked highest among five proposals. The award is pending contract negotiations and approval by the City Council.

The City of Redmond issued an RFP to retain a consulting firm as the City's investment advisor for a term of three years with two optional one-year renewals, not exceeding five years total. The City holds over $265 million in investable funds. After evaluating five proposals, Government Portfolio Advisors (GPA) was ranked highest and is the intended awardee pending contract negotiations.