Investment Custodian and Trustee Services

The City is seeking one or more service providers to provide investment custodian and trustee services.

The primary role of the Investment Custodian Service Provider will be to provide trust custody accounts and safe-keeping services for the City’s Consolidated Investment Pool and the Long-Term Investment Program (LTIP).  The City’s $2.5B Consolidated Investment Pool is part of its daily operations and is invested under North Carolina G.S. 159-30 and 159-31. The LTIP has a total market value of approximately $100M and is an investment program in which the City’s long-term capital reserves are invested under expanded investment authorization outlined in State Law G.S. 147-69.2(b)(1)-(6) and (8) to diversify investment assets of the City and provide a funding source for future Other Post-Employment Benefits (OPEB) obligations.

The primary role of the Trustee Services Provider will be to establish, hold, maintain and manage segregated trust accounts in accordance with bond documents and in compliance with federal tax law.

Citywide Uniform Rental Services

The City of Charlotte will be seeking a service provider to supply uniforms and other related garments via a rental program, including:

  • Provision of rental garments meeting a variety of City specifications, including standard field garments, supervisory garments, flame-resistant garments, and high-visibility garments;
  • Provision of mats, dust mops, shop rags, lockers, soiled garment bins;
  • Weekly laundering of all uniforms, and delivery and pick-up at various City facilities;
  • Repair or replacement of damaged or lost uniforms; and
  • Additional pricing discounts for direct purchase of uniforms, including logo apparel.

This solicitation will not include Police or Fire uniforms.