HomeMy WebLinkAboutCC RESO 2022-190RESOLUTION NO. 2022 - 190
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA,, AUTHORIZING THE MAYOR TO EXECUTE THE AGREEMENT BY
AND BETWEEN THE CITY OF NATIONAL CITY AND PHASE II SYSTEMS, DBA
PUBLIC AGENCY RETIREMENT SERVICES, FOR COMPREHENSIVE E TRUST
ADMINISTRATION SERVICES
WHEREAS, the City entered into an agreement with Phase II Systems, dba "Public
Agency Retirement Services (PARS) on December 20, 2017 for comprehensive trust
administrative services for the City's Section 115 irrevocable supplemental pension trust; and
WHEREAS, the City amended the PARS agreement on September 17, 2019 to include
comprehensive trust administrative services for the City's Section 115 irrevocable trust for other
post -employment benefits; and
WHEREAS, the agreement between the City and PARS is set to expire on December 31,
2022.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
Section 1: That the City Council hereby authorizes the Mayor to execute the
agreement, attached to the Agenda Report as Exhibit 1, which will end on December 31, 2025.
etion 2: That the City Clerk shall certify to the passage and adoption of this
Resolution and enter it into the book of original Resolutions.
ATTEST:
PASSED and ADOPTED this 6th day of December, 2022.
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iLuz Molfn,, City Clerk
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APPROVED AS TO FORM:
Barry J. f h z, Interim City tto ney
Alejandro o Sotelo-Soli Mayor
Passed and adopted by the City Council of the City of National City, California, on
December 6, 2022 by the following vote, to -wit:
Ayes: Sotelo-Solis, Morrison, Rios, Rodriguez
Nays: None.
Absent: Bush
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS
BY:
Mayor of the City of National City, California
Luz Molina
City Clerk of the City of National City, California
helley pel, MMC, Deputy City Clerk