PCMC Investment Services

The Park City Municipal Corporation (PCMC) has awarded a contract to Meeder Public Funds for investment advisory services. The contract is for a term that ends at midnight on an unspecified date. The scope of work includes providing investment advice to the City in accordance with the Utah Money Management Act. The contractor will perform a cash balance analysis, develop an investment strategy, create and manage an investment portfolio, and provide timely reporting and regular updates to the City on portfolio performance. The contract also includes provisions for termination, indemnification, and non-discrimination. The contractor must comply with all applicable federal, state, and local laws, regulations, and ordinances. The contract value is not explicitly stated, but the contractor will be paid a total fee in an amount not to exceed an unspecified amount. The contract also includes a list of key points, including: • The contractor will provide investment advisory services to the City. • The contractor will perform a cash balance analysis and develop an investment strategy. • The contractor will create and manage an investment portfolio. • The contractor will provide timely reporting and regular updates to the City on portfolio performance. • The contract includes provisions for termination, indemnification, and non-discrimination. • The contractor must comply with all applicable federal, state, and local laws, regulations, and ordinances.