Clayton council approves parts of consent calendar, continues two contract items

The Clayton City Council on Oct. 1 approved parts of its consent calendar and delayed two contract items until the Oct. 15 meeting.

Councilmember Wan moved and Vice Mayor Trupiano seconded a motion to approve Consent Calendar items 4(a) and 4(c); the motion passed 5-0. Items 4(b) (a proposed first amendment to a consulting services agreement that would add $50,000 for a total not to exceed $80,000, effective June 15, 2024–Jan. 31, 2025) and 4(d) (authorization to execute a contract with UBS for investment advisory services at a rate of 20 basis points) were continued to Oct. 15, 2024.

Item 4(c) adopted Resolution 38-2024 renewing the city's authorization to invest funds in the Local Agency Investment Fund in accordance with Section 16429.1 of the California Government Code. The minutes record that Resolution 38-2024 was adopted as part of the approved consent items.

By approving 4(a) and 4(c) while continuing two contract-related items, the council left pending details about additional consultant compensation and the UBS advisory contract for the next regular meeting. The next meeting is scheduled for Oct. 15, 2024.