HomeMy Public PortalAboutR3321 ST - Repealing Resolution No 2177RESOLUTION NO. 3321
WHEREAS, the adoption of Resolution No. 3321 will authorize the Secretary-
Treasurer of the Metropolitan St. Louis Sewer District to repeal resolution 2177 which allows for
brokerage recapture agreements.
WHEREAS, the District adopted Resolution 2177 on April, 20, 1995.
WHEREAS, as fiduciary, the Board has the responsibility for the evaluation and
management of Pension Plan transaction costs for the exclusive benefit of members and
beneficiaries, and
WHEREAS, the Board of Trustees of the Metropolitan St. Louis Sewer District
presently receives services from Pavilion Advisory Group, Inc., per Ordinance No.13719,
adopted September 12, 2013 to act as the employee pension fund investment consultant and
provide investment advisory services, and
WHEREAS, Pavilion Advisory Group, Inc. has conducted a review and
evaluation of the Defined Contribution and Employee Pension Fund investment policy, and has
made certain recommendations to the Board of Trustees,
NOW, THEREFORE, BE IT RESOLVED, that the Secretary-Treasurer of the
Metropolitan St. Louis Sewer District is hereby authorized to repeal Resolution 2177 which
allows for brokerage recapture agreements.
The foregoing resolution was adopted on November 10, 2016.