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HomeMy WebLinkAboutBogdahn Consulting, LLC - Agreement Short-Term Placement of Operating Reserves -2007 12 10(~GI)-A~N ~(,~N'SiULT~N'~,ir LI~-. simplify~ing your investment & fiduciary decislor~s Letter agreement between Bogdahn Consulting, L~.,C. (BC) and the City of Winter Springs (Client) dated December 10, 2007. Client is familiar with the Investment Consulting Services provided by ~C in conjunction with the services they provide to the city's pension plan. Given the immediate need of the Client to obtain recommendations for the short- term placement of the Client's operating reserves given the issues surrounding the SBA, the Client engages BC to conduct an emergency search of appropriate investment vehicles for the funds, and make a recommendation as to the firm to be selected. Client acknowledges that BC obtains information from wide variety of publicly available sources and certain private sources. The advice provided by BC to Client is based upon its analysis of such information. BC is a registered investment advisor under the Act of 1940, and the Client acknowledges the receipt of BC's ADV. BC will bill Client a one time fee of Five Thousand Dollars ($5,000) for the services described, including assistance with the transition of funds. Neither party hereto may assign, convey, or otherwise transfer any of its rights, obligations, or interest herein without the prior express written consent of the other party. This Agreement represents the complete agreement of the parties with regard to the subject matter and supersedes any prior understanding or agreement, oral or written. BC is not the Client's investment manager nor is BC in any way compensated by nor does BC have any affiliation with any Plan investment manager. Agreed to by: S L' 340 Went Central Avenue + Suite 300 • Winter Haven, Florida 33$$0 TelcpLone (Sb3~93-$~89 • Facsimile (863) 292-8717 Jo'~eph Bogdahn, Principal Bogdahn Consulting