HomeMy WebLinkAboutCC RESO 2017-243RESOLUTION NO. 2017 — 243
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING THE MAYOR TO EXECUTE AN AGREEMENT WITH
A MUTUAL INDEMNITY AND HOLD HARMLESS PROVISION WITH
PHASE II SYSTEMS DBA PUBLIC AGENCY RETIREMENT SERVICES
FOR PENSION TRUST ADMINISTRATION SERVICES FOR THE PERIOD
DECEMBER 20, 2017 THROUGH DECEMBER 31, 2020, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE UP TO
TWO ADDITIONAL ONE-YEAR EXTENSIONS
WHEREAS, the City desires to employ a consultant to provide comprehensive
trust administration services for the City's irrevocable supplemental pension trust (the "Trust")
for the period of December 20, 2017 through December 31, 2020; and
WHEREAS, the City has determined that the Phase II Systems dba Public
Agency Retirement Services (PARS) is an administrator of irrevocable supplemental pension
trusts and is qualified by experience and ability to perform the services desired by the City, and
PARS is willing to perform such services; and
WHEREAS, the agreement contains a mutual indemnity and hold harmless
provision with compensation deducted from the Trust's assets.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes
the Mayor to execute an agreement with a mutual indemnity and hold harmless provision with
Phase II Systems dba Public Agency Retirement Services to provide pension trust
administration services for the period of December 20, 2017 through December 31, 2020. Said
Agreement is on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the City Council authorizes the City Manager
to execute up to two additional one-year extensions of the agreement.
PASSED and ADOPTED this 19th day of Decemb 2017.
Ron Morrison, Mayor
ATTEST:
Mich. el R. Dalla, 'ity Clerk
APPROVED AS TO FORM:
. Morris -Jones
Attorney
Passed and adopted by the Council of the City of National City, California, on
December 19, 2017 by the following vote, to -wit:
Ayes: Councilmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Mayor of the City of National City, California
bA.4,14141
City C ik of the City ofational City, California
By:
Deputy
HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2017-243 of the City of National City, California, passed and
adopted by the Council of said City on December 19, 2017.
City Clerk of the City of National City, California
By:
Deputy