Authorize (1) the rejection of the proposals received for investment advisory services in relation to the City’s pension plans for the City Controller’s Office; and (2) the re-advertisement for a new solicitation - Financing: No cost consideration to the City

The City Council is authorizing the rejection of all proposals received for investment advisory services for the City's pension plans. Following this rejection, the City Controller's Office will re-advertise for a new solicitation to find a suitable investment advisor. This action is administrative and has no direct cost to the City.

This is an administrative step to ensure the City secures appropriate investment advisory services for its pension plans. There is no direct cost or immediate impact on residents from this rejection and re-advertisement process.

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