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HomeMy Public PortalAbout13719ORDINANCE NO. 13719 AN ORDINANCE, authorizing the Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with Pavilion Advisory Group, Inc. whereby Pavilion Advisory Group, Inc. will act as the employee pension fund investment consultant for the District and provide investment advisory services for the District’s Deferred Compensation Plan and Defined Contribution Plan. WHEREAS, the District staff on behalf of the Board of Trustees has received and evaluated written proposals from firms to provide pension fund and Deferred Compensation Plan and Defined Contribution Plan investment consulting services, and the Board of Trustees has conducted oral interviews with selected firms, NOW, THEREFORE, BE IT ORDAINED, BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The Executive Director and Secretary-Treasurer are hereby authorized on behalf of The Metropolitan St. Louis Sewer District to enter into a contract with Pavilion Advisory Group, Inc. whereby Pavilion Advisory Group, Inc. will act as the employee pension fund consultant for the District and provide investment advisory services for the District’s Deferred Compensation Plan and Defined Contribution Plan. Section Two. The contract authorized in Section One of this ordinance shall provide for an initial term of one (1) year with four (4) one-year renewal options, at a fee of $135,000 and such other terms and conditions as are approved by the Office of the General Counsel of the District. The foregoing Ordinance was adopted on September 12, 2013.