City of Scottsdale Council Meeting Transcript February 2026
Investment Management Agreement Approved with U.S. Bancorp
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Description
The City of Scottsdale approved a contract with U.S. Bancorp for investment management services at a decreased cost, following a competitive RFP. The agreement is for an estimated $250,000 to $400,000 over three years, with extension options.
Contract Details
Contract Amount
estimated amount of a quarter million to $400,000 depending on portfolio size for the initial three-year term
Vendor
U.S. BANCORP
Agency
City of Scottsdale, AZ
Contract Type
FINANCIAL_SERVICES
Document Date
February 24, 2026
Contract Term
initial three-year term with the option to extend for two additional one-year periods
Renewal Date
2029-02-24
Renewal Info
Options for two additional one-year renewals following initial three-year term. Pricing reflects a notable decrease from previous contracts.
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