Valley Metro Audit and Finance Subcommittee Agenda Packet 2026-06-04
U.S. Bancorp Asset Management Contract Extended for Valley Metro Investments
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Description
Valley Metro extended its contract with U.S. Bancorp Asset Management, Inc. for investment management services through June 30, 2028, raising the not-to-exceed value to $510,450. The amendment allows continued portfolio management as idle cash increases.
Contract Details
Contract Amount
Not to exceed $510,450 (extension: $369,000 + $18,450 contingency)
Vendor
U.S. BANCORP ASSET MANAGEMENT INC
Agency
Valley Metro Rail Inc., AZ
Contract Type
FINANCIAL_SERVICES
Document Date
June 4, 2026
Contract Term
October 1, 2024 – June 30, 2028 (extension through June 30, 2028)
Renewal Date
2028-06-30
Renewal Info
Contract extension through June 30, 2028; no options beyond that date are described.
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