When is the submission deadline?

Submissions are due August 11, 2026. Questions must be submitted by August 3, 2026.

It was issued by City Of Council Bluffs. The work is located in Council Bluffs, Iowa, United States.

Who is a good fit for this opportunity?

Registered investment management firm or institutional asset manager. Experience managing public sector reserve or maintenance funds. Capability to provide custodial, reporting, and fund administration services. Strong track record in capital preservation and prudent long-term investment strategies. Familiarity with government investment policy compliance and authorized instruments. Ability to monitor portfolio risk, liquidity, and performance on an ongoing basis.

Development Maintenance Reserve Fund Management Services (Due August 11, 2026)

Overview

Financial, Legal, HR & Staffing

Council Bluffs, Iowa, United StatesPosted: July 30, 2026Deadline: August 11, 2026

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SUMMARY

A government authority in Bluffs, Iowa is soliciting firms to manage a $2,000,000 development maintenance reserve fund. Services include investment management, custody, reporting, and administrative support consistent with the agency's investment policy.

KEY REQUIREMENTS

Must be a qualified trust department of a federally-insured financial institution
Must serve as a fiduciary with respect to the Maintenance Reserve Fund
Must act solely in the best interests of the Fund
Must not be subject to any material regulatory enforcement actions, consent orders, or disciplinary proceedings within the past five years
Must agree to administer the Fund as a restricted maintenance reserve fund in accordance with the Maintenance Funding Agreement
Must not require the Fund to be converted into, classified as, or governed as an endowment, donor-advised fund, charitable gift fund, or any other investment vehicle inconsistent with the Maintenance Funding Agreement

TIMELINE

Issue Date: July 29th, 2026

Questions Deadline: August 3rd, 2026

Response Deadline: August 11th, 2026

QUESTION DEADLINE

August 3, 2026

Issuing Agency

City Of Council Bluffs

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DESCRIPTION

A government authority in Bluffs, Iowa is seeking a qualified vendor to provide development maintenance reserve fund management services for its Development Maintenance Reserve Fund. The selected firm will deliver investment management, custodial, reporting, and administrative services for a fund with a current principal of $2,000,000.

The fund is intended to serve as a dedicated source of financing for the maintenance and repair of designated development improvements. Proposed investment strategies and any Investment Policy Statements must align with the investment instruments authorized under the agency's investment policy.

The selected provider will be expected to manage and invest fund assets in accordance with prudent investor standards, preserve principal while pursuing reasonable long-term growth, and generate investment earnings to support future maintenance needs. Additional responsibilities include maintaining sufficient liquidity for anticipated disbursements, appropriately diversifying investments, monitoring portfolio performance and risk exposure, and recommending modifications to the investment strategy when warranted.

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Frequently asked questions

When is the submission deadline?: Submissions are due August 11, 2026. Questions must be submitted by August 3, 2026.
Who issued this RFP?: It was issued by City Of Council Bluffs. The work is located in Council Bluffs, Iowa, United States.
Who is a good fit for this opportunity?: Registered investment management firm or institutional asset manager
Experience managing public sector reserve or maintenance funds
Capability to provide custodial, reporting, and fund administration services
Strong track record in capital preservation and prudent long-term investment strategies
Familiarity with government investment policy compliance and authorized instruments
Ability to monitor portfolio risk, liquidity, and performance on an ongoing basis

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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