HomeMy Public PortalAboutr2718R E S O L U T I O N NO. 2718 WHEREAS, Ordinance No. 11515, adopted June 12, 2003, 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 is
about to expire, and the Executive Director and Secretary-Treasurer desires to
exercise its final option to renew said contract for an additional one-year term
commencing on July 1, 2007.
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 an additional 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 Seventy Thousand
Dollars ($70,000.00), 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 July 12, 2007.