City of Scottsdale Council Meeting Agenda February 2026
Investment Management Contract Awarded to U.S. Bancorp
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Description
The City of Scottsdale is set to enter Contract No. 2026-024-COS with U.S. Bancorp Asset Management, Inc. for investment management services, with annual fees estimated between $250,000 and $400,000 depending on portfolio size. The contract runs for an initial three-year term with two optional one-year extensions.
Contract Details
Contract Amount
Estimated $250,000 to $400,000 per year depending on portfolio size
Vendor
U.S. BANCORP ASSET MANAGEMENT INC
Agency
City of Scottsdale, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
Initial three-year term with option to extend for two additional one-year periods
Renewal Info
Initial three-year term with two optional one-year renewals; fee range depends on portfolio size; future extensions authorized under Resolution No. 13599.
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