TO: Mayor and Commissioners
FROM: Henry M. Dachowitz, Chief Financial Officer
THROUGH: Terrence R. Moore, ICMA-CM
DATE: January 6, 2026
Title
APPROVAL OF RESOLUTION NO. 17-26 TO APPROVE AN AGREEMENT WITH CHANDLER ASSET MANAGEMENT, INC FOR INVESTMENT MANAGEMENT SERVICES PURSUANT TO REQUEST FOR PROPOSAL 2025-026 IN AMOUNT - $275,000.00
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Recommended Action:
Recommendation
Motion to approve Resolution No. 17-26 to award an Agreement with Chandler Asset Management, Inc for Investment Management Services pursuant to Request for Proposal 2025-026 in the total amount of $275,000.
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Background:
The City of Delray Beach desires to retain Chandler Asset Management to provide investment management services in accordance with the city’s Request for Proposal No. 2025-026. The consultant shall provide investment management services pursuant to the specifications accompanying the City’s Request for Proposal, which are incorporated herein by reference. The City of Delray Beach has an investment policy to ensure the prudent management of public funds, the availability of operating and capital funds when needed, and investment returns competitive with comparable funds and capital market indices. Chandler Asset Management will manage the City’s long-term investment portfolio pursuant to the investment policy objectives and parameters.
On March 24, 2025, the City issued Request for Proposal (RFP) No. 2025-026 to acquire a firm which will provide Investment Management Services.
On April 23, 2025, the City of Delray Beach received five (5) submittals in response to its Request for Proposal (RFP) for Investment Management Services. On July 25, 2025, the Selection Committee completed its review of the submittals and made the Committee made the following ranking; a motion to hear presentation from the following short-listed firms:
Rank Score Firms
1 273 Chandler Asset Management
2 2...
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