City of Scottsdale Council Meeting Transcript February 2026
City Approves New Investment Contract With U.S. Bancorp
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Description
The Scottsdale City Council approved an investment management services contract with U.S. Bancorp for an initial three-year term, with two one-year extension options. The contract, secured after a competitive RFP, results in a price decrease compared to prior arrangements.
Contract Details
Contract Amount
estimated $250,000 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
Option to extend for two additional one-year periods; new contract directly negotiated (previously piggybacked Mesa contract).
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