HomeMy Public PortalAboutR3048RESOLUTION NO. 3048
WHEREAS, Ordinance No. 12745, adopted September 11, 2008, authorized the
Executive Director and Secretary-Treasurer on behalf of The Metropolitan St. Louis Sewer
District to enter into a contract with New England Pension Consultants (“NEPC”) who would
serve as the pension and deferred compensation investment consultant to the District’s
Employees Pension and Deferred Compensation Plans, and
WHEREAS, said contract provided for an initial term of three (3) years with two
(2) additional one-year renewal terms at the option of the District, and
WHEREAS, the initial three-year renewal term of said contract has expired, and
the Executive Director and Secretary-Treasurer desires to exercise its final option to renew said
contract for the final one-year term commencing on October 1, 2012.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT THAT, the Executive Director and
Secretary-Treasurer are hereby authorized on behalf of The Metropolitan St. Louis Sewer
District to exercise the District's final option to renew for the final one-year term the contract
with New England Pension Consultants (“NEPC”) whereby New England Pension Consultants
(“NEPC”) will serve as the District's pension and deferred compensation investment consultant
said contract renewal shall provide for a total fee not to exceed One Hundred Fifty Thousand
Dollars ($150,000.00), be comprised of such terms and conditions as are approved by the Office
of the General Counsel of the District.
The foregoing Resolution was adopted August 9, 2012 by the following vote –
Ayes – E. Ross, R. Berry, J. Yates, J. Buford, and J. Goffstein.
Nays – None.
Secretary-Treasurer