Matched in attachment:
"... You cannot invest directly in an index and the indices represented do not take into account trading commissions ... Although PFM believes the prices to be reliable, the
values of the securities do not always represent ... Do not accept the proposal and provide further direction to staff.
ATTACHMENT:
1. ... CITY and CONSULTANT do not intend, by any provision of this Agreement, to create in
any third party, ... objectives, and do not create a cost
burden for desirable projects. ..."