The Phoenix City Council authorized the City Manager to enter into a contract with Sellwood Investment Partners LLC for financial and investment advisory services. These services will benefit the Long Term Disability (LTD) and Medical Expense Reimbursement Plan (MERP) Trust Funds managed by the Finance Department. The total value of the contract is not to exceed $597,672.05. The agreement is set for a five-year term, with potential for two one-year extensions, commencing around August 1, 2025. The award followed a Request for Proposal (RFP) process, where Sellwood Investment Partners LLC was selected based on evaluation criteria including experience, method of approach, capacity, and price. This contract ensures the continued professional management of the City's trust funds, with fees paid directly from the Trust Funds without impact to the General Fund.