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FINANCIAL_SERVICESRECOMMENDED

Detroit Water and Sewerage Department Finance Committee Minutes Jan 2026

PFM Asset Management Receives $250K DWSD Financial Services Contract

$150,000.00 initial, two 1-year renewals at $50,000.00, total not-to-exceed $250,000.00Detroit Water & Sewerage DepartmentPFM ASSET MANAGEMENT a DIVISION OF U.S. BANCORP ASSET MANAGEMENT INCJanuary 13, 2026

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Derivita logo
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Description

The Board of Water Commissioners recommended awarding a contract to PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc., for financial asset management services totaling up to $250,000 over five years.

Contract Details

Contract Amount

$150,000.00 initial, two 1-year renewals at $50,000.00, total not-to-exceed $250,000.00

Vendor

PFM ASSET MANAGEMENT a DIVISION OF U.S. BANCORP ASSET MANAGEMENT INC

Agency

Detroit Water & Sewerage Department, MI

Contract Type

FINANCIAL_SERVICES

Document Date

January 13, 2026

Contract Term

3 years, with two 1-year renewal options

Renewal Date

2031-01-13

Renewal Info

Two 1-year renewal options at $50,000 each after initial 3-year term.

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