HomeMy WebLinkAboutC2008-105 - 3/25/2008 - ApprovedINTE~L~~AL A~RE~MENT
F~R
~~~PERATI~ PUR~~A~IN~
F~R
~`~R~ A~TUARIAL ~HAR~D ~E~'~I~ES
T~~~ INTE~LO~A.L ACREEIVIENT ~"Agreement"}, rrx~~e and entered into pux~uant t~ th~ Texas
I~terlocal ~~~pera~ion A~~, ~~~pt~r ?91, Texas ~~~rernmen~ ~ode ~the "Act"}, by and ~et~een ~he Nor~~
~e~tral Te~~~ Cour~cil of C~ven~~nen~~, her~inafter refe~red to a~ "N~~T~~~,,' ha~ring its ~rincipal place
o~ bu~i~ess at ~ 1 d~ix F1ag~ Drive, Arlington, ~'ex~s 7G011, and the City af ~orpus ~hristi, Texa~, a l~cal
g~vernment, created and operated to pro~ide ~~e a~ more ga~re~rn.ental fun~~ions and servic~s,
herei~aaf~~r referred to as "P~I~1~1~]~~lt,,' havin~ its prxncipa~ place of business at 1201 Leopard ~~eet,
~~rpu~ Ch~isti, Texas ? 840 ~ .
~ITNE~S~~'H
~~REA~, ]~~T~~C ~~ ~ ~'~~10I~~1 ~~~~~11~~ CDt11T171~S1~I] ~~lC~ ~O11~1C~I ~11~~1V1S1~I1 Df t~~ ~t~~~ 0~
Tex~s operatin~ under ~k~~pter ~~ 1, Texas Loc~I ~ove~n~~n~ ~ode; and
~I~EREA~, N~T~O~ has performed a pracure~nent pracess for TMR~ Actuarza~ ~ervice~ for l~cal
muni~ipal~ties; ~nd e~ch e~t~t~ wil~ c~n~ra~t dire~tl~ for ~c~uax~al ~er~ices ~ith Ca~rie~ ~oeder ~mith &
~ompany ~C~R~}; and
V~HEREA~, N~~`CQ~'~ Executi~e Board approved a resnlution authori~in~ the in~erlocal ag~eements
for procu~~ment of C~~~ actu~r~a~ se~ce~ at its Fe~rua~ ~8, Z00~ r~eexit~g;
~VH~REA~, pursuar~t to the ,Ac~, N~TC~~ i~ autharized to c~ntract ~rith eligible ~ntities ta perform
govet~me~ta~ fi~nctions and services, ~~C~~1~11~~ ~~1~ C~~~~10~I7~~~1~ ~~ ~ ~~~~1(~~~'C~ ~~~~O~G~ ~0~ ~~qUII'ln~
a~tuarial ~er~ices; and
~VHE~~~, in r~~i~~]C~ Ori SLiC~ ~L~t~Orit~, N~T~~C ~]~S ~ COOp~~'~tiv~ pl~~"~~i~~ll1g pXOgram un~er ~r~]iG~]
it ~erforms pzacure~nent v~ith eli~i~le ent~~ies urider the Act; and
~HEI~A~~, Par~i~i~ant has repre~e~ted ~ha~ it ~s an eli~ib~e ent~t~ ur~der t~e Acta ~~~~ ~7~ A~rT11I11~~'~t1V~
Action has au~horized ~his ~greernen~ on March 11 ~~0~8, and that it desires ta p~~icipate tn a
coaperative pur~ha~ing effart based on the term.s ~et forth belaw; and
1~~V4~, T`HER~F~~, ~~T~~C and ~h~ PA~~'I~IPANT ~o here~~ ag~~e as f~~lov~~:
,~RTI~LE 1: ~EGAL AUTH~R~TY
T~e ~a~t~cipant represents and v~arrant~ ~o N~~'C~C ~hat ~1} i~ i~ eli~ib~e to c~ntract ~ith N~TC~~
~rnder the Act becau~e i~~ a l~cal gaver~r~ent, as de~ned ~~ ~he A~t, and ~~~ it pa~se~se~ ade~uate legal
authorit~ ~o enter int~ thi~ ~on~ra~t.'
ARTI~~~ Z: APPLI~AB~~ ~A~~
N~T~O~ a~d the Par~icipa~t agree ta ~ondu~t a11 ac~i~itie~ under this Agreement in accordance ~rith all
appl~c~ble ~ules, ~egula~ian~, ar~d or~~nances an~ la~s ir~ e~fect or prarnulgated dur~ng th~ ~~rrn nf this
Agree~n~nt.
ARTY~~E 3 ~ ~H~~~ AG~~~NT
~'hi~ ~gree~ent and a~n~ attachm~nts, a~ prav~~ed herein, can~~itute ~he cornplete ~ontr~ct b~tv~een ~t~e
parties here~a, an~ supersed~ a~~ and all ~ral an~ vuritt~n agre~rnents betvv~en the ~arties re~ating to
r~at~er~ he~ein, ~'h~ A~reement ~vil~ be bet~ee~ Cabrie~ Roeder ~n~i~h 8~ ~~mpany ~~R~} and the
contra~ting entit~ foz ~ervices perf~rrned. B}~ execut~on of t~is ~greem~nt, Farti~ipan~ ~th~ ~it~~ ~na~
p~~cure actuarial ~e~vice~ ~eg~rding T`exas 1Vlunicip~l ~etirem~nt ~yst~rrY f~o~ ~R~ a~ the ~'ee~ ~iste~ an
,, .. ' , ~' , ~~ ~ ~ 'te CR~ ll~a~ter Agreement.
~U~8-1~5
031~51~5
Res, 4~7G~~
Interlocal ~greerrient - 31~ lI2DOS
N~T~~~
AR'~I~~~ 4: BILLIN~~
Bitl~ngs wi~l be generat~~ for the ~ctuarial Shared ~ervic~~ through CR~, ~vhic~ v~ill include a ane-tlrn~
AC~I~'11I]15~`~~1V~ ~~~ ~~' ~~ 1 OO} ~p ~~ ~]~lC~ t0 I~CT~~G. I~~TCO~ and ~he Fartici~ar~t agree~ that each ~vill
pay for a~l expenses ass~ciated ~vith thi~ Agreement for ~vhich it is res~or~~ible ~rom ther~ curr~r~t revenue~
avai~able ta each enti~.
~~~~.~1~ ~i ~~~~~~ ~~ ~~~~~~~~~
~'his Agreement ma~ be ar~ende~ on~~ by a~itt~n a~nendment execut~d b~ ~oth parti~~, ~x~ept that an~
~it~~'~t10I]S, ad~xt~or~s, nr de~etions to the t~rrn~ of th~s Ag~eemen~ which a~e require~ by ~hat~~es in
Federa~ and ~tate la~ or regulations are auton~aticail}~ inc~rparated into t~ii~ Agre~ment without v~t itt~n
amendr~~n~ here~o and ~ha~~ bec~me effective an t~e date d~~ignated by ~uch ~a~ o~ regu~a~ion.
I~~T~~C~ reserve~ the right to r~ake change~ i~ the scape of se~ices offered ~hrough the ~oo~era~ive
Pur~ha~ing Prograrr~ to ~e perform~d he~eunder.
T~II~ IN~TRUMENT I~A~ ~EEN EXE~U~'E~l IN T~~ ~RI~ZNAL~ BY TH~ ~ARTIE~
~ERET~ A~ FOLL~VV~:
I~D~,~,i ~'acsimi~e co i~s o~his dacur~en~ ~vi~~ ~o~ ~e acce tab~e as D~C~~~4~5.
'~ ~'i~y o~ f ~o~~us Christi, ~`exas
~ ~~ ~ Leop~rd ~t~~et
~orpu~ ~hristi, Tex~s 7H4~ 1
~~~:
~ign re of Authazized Official
~o~th Ce~~ra~ 7`exas Cor~~c~~ o~ f Gaver~amer~~s
b 1~~ix Flags Drt~re, Arlington, T~xas 76~ Z~
~~~.
.
~igna r~ of~u~hori~~ ~fficial
* ~eorge ~, ~Ioe
~ ~i~y M~nager
~ ~~
Date
~~~
~~~ ~~ ~ ~~~,.
C~'Y S~CF~~~~
*Der~o~es r~quir~d f ie~c~s
~~~ ~~
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~
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~~~st~n~ ' A~~rney
~or ~i~y ~~~~r~ey
~~on~e Mercer
T~ped Name af Aut~aari~ed Official
~Dep~ty ~xecu~ive Dlrector ~1~~12D08
~'yped ~'i~~e of Au~hari~e~ ~fficial
Date
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Inter~ocal Agre~ment - ~1~ 112D0~
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+
~ansr~~t~nt~ 8~ Actuar~es ' ~~ite ~~`~ ~469,5~4.~~~3 fax
Ir~viri~, T~ 75038~25~1 www.gabr~elr~ede~,com
~~~~~~ ~~~~~~~~
Pursuant t~ the av~ard of Jo~~at Actuaria.l ~e~ic~s b~ the l~~rt~ ~er~~ra1 T~xa~ ~oun~c~l of
~~vernments ~N~T~~C~}, t~ii~ agreernent canf ~~rrxs ~.e terms under ~hich ~he
~ ~ ~f ~ ~~ ~~~ ~~n~+~ 5-~~` ~ ~C ~ ~ ~nam~ of go~ernm~n~}
herein ft~r referred to ~~ `~~NTRA~TIN~ C~~~ERN~E~I~'" ha~ ~ngaged ~a~riel,
Roede~, ~mith ~~o. he~ein~~ter ref~rred to ~~ "~R~" t~ perfo~m actuarial ~or~~ulti~g
~er~ice~. In a~ ~uch a~ thi~ rela~ion.~hip ~i11 in~ol~e ~evera~ actuarial ~eviev~~ and ~th~~
service~ tha~ ~rill be ~o~err~ed b~r ~he ~eque~t far Proposa~ ~s~ued b~ ~~T~~G ~n
3~nuar~ ~~, ~0~8 and o~r ~ubs~quent respon~~ ta th~t prapa~al, ~~ h.a~re agre~d ~a
e~~abli~h t~i~ "ma~t~r a~ree~n~nt" ~~firiin~ ~~~ g~~i~~~l ~~~m~ ~r~~ C~~~iti0il~ f~r ~~~ v~D~~
pe~f~rmed.
Thi~ agree~n~r~t v~ill not, by i~s~~f, ~ut~aorize ~he pe~forn~.ance of an~ ~erv~ce~. Rather
spec~~~c ~er~ices ~il~ b~ ~u~horized t~iro~~h a separa~e eng~ge~nent let~er th~t xe~erences
th~~ ~a~~er agreem~~~ ar~~ details the ~er~ices t~ b~ pro~i~~d ~n~ the timef`ra~e and f~~~
requ~red. ~n ~he e~en~ of aan incans1~ten~~ bet~e~n ~his ~aster agre~rrz~a~t at~d ar~
1I1~1'~1C~U~~ ~I~~~~~~~~1~ ~~~t~~, the masfer agreer~en~ ~u~ll ~e follov~e~,
As de~c~xbed i~ ~he above ~eferenced Request for Propo~a~ ~he foll~~i~g terms apply:
A. ,~,,,ax ~xempt Ent~~' ~~~i~'~A~`~IN~r ~~~VERNMEI~T ~s exempt ~r~m
rr~~nufacturer' ~ federa~ excls~ tax a~.d state~ sa~~~ #~~, T~~ ~~~1'Y1~~10~ CE~1~1C~~~~
~iII be i~~ued upon requ~~~,
B. Rol~ a~ NC'T~~~. N~T~~G has ~er~ed as a fac~~i~atar to t~~ RFP and a~ard
pxoces~ bu~ the co~~ractual ~ela~ionsh~p i~ ~e~een ~R~ ar~d ~he C~NT~A~TIN~r
V~ ^ ~~~-J. F1;1~1'~i
~. ~~ ~RS agree~ ~o fo~lo~ the attached pr~cing ~~hedu~e ~"~tt~c~.ment A"} for
~~`1~1I1~ Q~ ~~S ~~I'~f 1C~S.
I. R,~v~ew af ~h,~ar~es, ~~NT~A~TTNCr ~O~~RN~~~T has ~~e ri~ht to reviev~
the supportin~ docu~r~entatio~. for an~r hou~ly charge~ or aut of pocket expen~es
a~~e~~ed to th~ ~~~~'RA~T~C ~~~~RNME~T u~~e~ t~e fee ~c~.edule.
J. Te~~nina~YOn, ~a~~ ~~I~T~A~TIN~ ~~~ERNM~NT ~~ CR~ ~~l have the
right tv term~nate this ag~eem.ent through ~arit~en ~otic~. C~~TRACTIN~
~~~ERNMEN~`~ ~ill ~~y any c~arge~ or prara~~ ~'ee~ i~curred to the date the
te~ina~ian notice is ~ecei~ed and ~ctuar~ ~ill cea~e an~ in pragre~s v~ar~ ur~~~ss
~~e~ific ~tapprr~~ paints a~e pr~~ided ~~ the ~e~ter.
~. ~orl~ ~raduct, The f~na~ ~oxk produc~ ~vill be the proper~~ of the
~~N~'RA~~'~N~ ~~V~RNII~~NT ~~ be used as ~t~ted in th~ ~pe~ifi~ ~~~agement
l~~e~. A~acilla~y u~e of ~he p~o~uct is p~rm~tted but ~R~ is no~ re~p~n~ib~e fv~ fhe
reli~bi~ity of tho~e pro~~~t~on~~ ~t is unders~ooo~ ~iat a~~ repor~~ axe subj~ct to the
D~~~ ~"~CD~'C~~ 1~~~ Q~ ~~1~ ~~~t~ 0~ T~Xc15 ~C~ ~,1~ ~O~l~'~CtII~~ JL~1~(~1C~10~1,
L. In~e~ende~~ ~~n~rac~or:, A~~ the ~~~vice~ pro~~ded b~ CrR~ ~l~ b~ a~ ar~
ir~d~p~nd~nt c~r~~a~~~r. ~ane o~ #he ter~,~ ~n th~ ~~gagen~er~~ l~tter ~ill be
in~erpre~ed to create an ag~r~c~ ar e~np~o~r~~nt ~~~ati~n~hi~.
N. T~ Th~ term of this rriaster a~rreement w~~~ be g~~errzed b~ ~he afore re#~erenced
N~T~O~r RFP and ~~~ expir~ on Fe~ruary ~8, ~Q~9~
0. ~o~n l~te A reemen~, Thi~ ~etter co~bined ~it~ the spe~~f~c eng~~~rr~~n~ l~tt~r
and ~s ~Iarified ~y the RF~ and P~~pa~al s~t for~h the entlre agreen~ent bet~eer~ ~~e
~~NTRA~TIN~ CO~E~NMEN~' and ~R~.
~, Indemnif~~~t~on. ~rR~ covenan~s and ~gree~ t~ ir~demr~if~ and ho~d harr~le~~ an~
~efend and do~s hereb~ ~~ademnify, ~o1d ha~r•ml~s~, ~nd d~f~~ad N~~`~O~r an.d
~~N~`RA~7'~N~ CrO~~~M~NT~, it~ afficer~ ar~d err7plo~ees, ~ro~ a~d against
a~a~ and ~l~ suit~ ~r clarm~ for damages or inju~~es, including d~~~h, to pe~s~r~~ a~
~r~pert~, ~hether ~ea1 ~~ a~serted, ~'~SIII~ ~U~ ~~ ~~ 11~~~~~~~1~ ~~~ 0~` 0~71~51~~1 O~l
t~i~ ~art ~f the c~n~~a~tor, ~~s af~icers, age~ts, ser~at~ts, e~mploy~es, ~r
~ub~antr~cta~s, an~ the ~o~.tr~ct~~ does hereb~ as~ur~.e aIl ~~ability ~'or ir~~uz~e~,
c~~ir~s or ~u~ts far ~~rr~age~ ~o per~o~~, prape~, or ~~atever ~ind of char~cter,
~heth~r real ar ass~rted, OCCUI~'1I1~ C~U~'1~1~ 0~' ~~'~~1~~ 4U~ 0~ ~1~ ~]~~'~QI`~~~lC~ ~~ ~
cantract as a re~ult of ~ay n~g~~g~nt act o~ omi~~io~ ~n ~~ ~art ~f ~~ae con~ractor, ~t~
o~'icer~, agen~s, ~e~ants, ~~pla~ees, or ~u~~on~ractoxs ta the extent per~nit~ed b~
la~. ~~e~s~ ~e~ie~ thi~ master agreen~~~t le~er and the atta~~ed s~hedules ~nnd
indi~a~e ~our ac~e~tanc~ b~ h,a~~ng ~n ~fficia~ a~ ~~~ITRA~TTNG
~~~ERN1V~[EN~' sign b~~a~.
~. For~e ~a'eure. A foxce ma~~~~re e~en.~ sha.~~ be defiried ta irrclude go~ernn~en~al
decree~ or re~~a~n~s, a~~s of ~od ~except ~hat r~in, ~ind, flood ~r o~.er n~tura~
phenam~r~~ narmal~~ expe~~ed far #~e l~c~I~~y, shall not be con~t~u~~ a~ an act of
C~~d}, ~rork ~~appage~ due to ~a~or di~put~~ ~r ~~rike~, fire~, expl~si~ns, ~~i~emi~~,
xi~ts, ~~x, rebe~~~on, and sabo~age, If ~ de~ay ~r ~ai~ure ~f pe~f~r~n~nnce by ei~her
part~ ~o t~i~ cantrac~ xesults f~om th~ accu~r~nc~ of ~ force ~aj eur~ e~r~~t, th~ de~ay
~~all be ~~cu~ed a~d the ~~~e f i~~d for con~pte~ior~ of t~e ~ork extend~d b~ ~ peri~d
~qu~~a l~n~ ~o ~~~ tir~e last becau~e of th~ event.
R. Pro~essiona~ ~~~~dards, ~~~ ~l~ ~~ovid~ quali~ed personnel fo~ eac~
er~~ageme~.t and fal~o~ all ~~o~ess~or~~l ~tandar~s ascribed by the Am~r~~an
.~cadem~ of ~ctuar~e~ ~nd ~~ie ~ra~rer~men~al A,ccour~t~ng ~tandaxds Bo~r~.
~~~3I`Ie~ ~f~~~~r ~mi~~1 ~ ~",n~nanv
~. ~~minis~ratY-~~ Fee. ~~~ ~111 ~5~~~5 ~~ ~~ 0~ 1~5 ~1rSt ~1~11I1~ ~Q ~~C~ C~1~~~
CO~~~~~ ~7~ t~1~5 ~~~'~~I~~~l~ ~ Q~~ t1~1~ A~.I111I]1~~'~~~~~ ~~~ ~~ ~~ OO. Thi~ #'~~ ~r~ll
com~ensate ~~TC~C for ~he cos~~ of adrriir~ister~n~ thi~ ~gree~nent an~ i~ due
v~ithin a month ~f collec~~on b~ CR~.
T. ~onf~dential Inf~r~na~ion, ~r~~ agr~~~ t~ be bou~d b~ ~~e terms af ~~ Non
D~scl~~ure Agre~men~ ~et~veen ~~NTRA.~TINC C~~EI~MEN~' and the
~'~X~5 M~1~11C1~~1 R~tl~'~~~~~ 5~5~~1"Y~, ~~7.1C~! 1~ ~.~~C~I~C~ ~1~T~~~ ~~ "Attachm~nt ~",
~~g~xd~n~ the u~e and pra~e~t~~n of con~iden~ia~ rnforma,~ion., ~s defin~~ in
"Att~c~ent ~."
G~,BRIEL, R~EI~ER, SMZ~`~ ~ C~.
~ ~~
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I~a~e: ~ ~ ~. z~ ~~ ~
~~~~~; ~~~ ~ ~ Y ~ s~, ~~'`~'~i~~u~.~C
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AsSist~nt C~y A~#ort~y
For ~~ty Attom~y
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`. Hourl~ R~te for
i~/' f{4T~1 ~/~ {~ /~ ~/~/{ i{~- ~
. ~A.FLF~ 4~L11~ ~ V~~YY~ V
o~sult~~ le~el
1 A Le~~ than 50 $S,oa~ ~ 1,SO~1$ ~,0~~1~5~~ ~~~~ee Belaw
l~ ~~~~~~~ ~a ~~ ~oo ~~,oo~ ~~,~~o~~~,~~~~~~o~ ~~~~~~ ~~~~~
2 Bet~e~n ~0~ and ~5~ ~~~,0~~ ~I,5~~1$1,~~~1$5~0 '~~~~ee Belo~v
~ ~et~een ~51 an~ 50D ~~ 1,~0~ ~~,~~~I$~,~~~I$~~~ ~~~See ~elo~
~ ~~~~~~ ~o~ ~~ ~~~a ~~~,~oa ~~,~o~~~l,o~o~~~~~ ~~~~~~ ~~~~~
5 Bet~ue~n ~ D~ 1 and ~~D~ $1 ~,~~0 ~ 1,50~1~ ~,~~~1$5~~ '~ ~ ~~ee Belo~
~ ~
~ ~et~een ~~01 and 40~0 $15,~~~ ~ 1,~0~1~ ~,Q0~1~50~ ~ ~ ~ ~ee Belo~v
7 Be~~een 4~~ 1 and G~~D $~ 5,0~~ $~,5~~1~ 1,~~~1~50~ ~` ~~~e~ Bel~w
8 ~et~een G0~ ~ arzd 8~0~ $17,~~~ $1,~~~1~ ~,~0~1~5~~ '~ ~'~~ee Be~a~
9 Bet~een S~~ 1 and ~~,0~~ $17,50D $1,~~01~ 1,~~01~~0~ ~~~~ee Bel~~
1 ~ ~ver ~ 0,~~~ $ ~ 7,5~~ $1,~0~1~ ~,OD01$50~ ~'~ ~ See Be~~v~
Ac~ua~ial frrm ~gxee~ ta as~~ss a~d ~ollect an b~h~~~ o~ N~T~~~ a~ 1~~ ~d~inistra~~~e
fee to ~~~`set th~ co~t~ ~~~ociated ~ith t~is RFP.
Pr~~ing a~sum~s ~~°fo paid upon ~cceptance by th~ go~ernmen.t of the enga~em~n~, ~~°Io
upor~ receipt of the matching audit repor~ and 3~°Io upon ~~ce~~ance ~~ ~he fir~a~ repa~t.
~ Base Services:
~'~e Base ~~~~i~e ~'ee abave ir~cludes the e~hib~t af th~ ser~~iti~~t~ ~~~ysi~ fo~ ~11 pas~tbl~
ch~nges 1n the ~u~rent TM~~ ~tructur~ on an. ~~di~idual ~a~~~; v~~ ~ropase ~a h~ve ~~is
~ount as ~hr~e ~3~ ~tudies, l~e~f, ~e v~i11 ~~~if~ up ~a t~o {~~ i~npa~~ ~~atemen~ts unde~ t~ae
ba~~ structur~, ma~i~g a total of ~~~e ~5~.
7'he ~a~e ~er~~ce Fe~ i~clude~ tv~o ~2~ ~ee~ings a~ de~c~ibed ~~ ~he RFP. In a~d~t~~n, the
B~~~ ~~I~1C~ ~~~ 1~Ci1~(~~~ ~~1~1~]~~1~~ 1I] ~Yl~ ~~~J ~]0~~~ ~Ult~ llY]~1I~1~~C~ ~~~. U~ t~ t~o
~~} hours of tec~n~ca~ a~s~sta~~e wr~~ be pro~ided o~er ~he te~eph~ne at no ca~t to
~~l~riel Rner~~~ ~mi~1~ ~ C'.nrnrian~,
p~~tlCip~tirig rri~m~~r~. A.s pre~i~u~l~ d~s~ussed and ~~o~osed, ~vebca~t~ ~uil~ ~e ~sed for
~ i
~~`~1~11~1~ ~~0~~~.
FOr ~~~ifii~S ~it~] 1~O ~~1Cip~~i~5 Or 1~~~, t~e price ~~i~1 inclu~es ~~v~ ~~} meet~~~s ~~th the
~~lt~~~ ~li~ t~l~ C~U~~~~ ~T1C~ ~~ ~~~` ~~~~~~10I]~ CD~1~~~'~~C~ I17~~~1~~~ D~l~~, The ~r~titie~ ~an
~~il~ ~e~uest in~per~on mee~~~~~s}, bu~ these ~neetings ~i~l be b~~~ed separately a~
"~~~1t10i]~I ~]~~tin~~" ~S p~OV1~~~ f~r ~~ a~i~ P~~p~~~~. ~or praject ~ud~et~~.g pu~ose~,
the propo~ed ~ee ~~hedule f~r citi~s ~vith more tha~. ~~0 ~a~~cipant~ ass~mes t~o ~~} ~n-
~~~'~~~ ~~~~~~~5, ~~ t~~ C1~1~S' ~~]t10~1, ~~1~~~ ~1~~~1I1~5 C~II ~~ ~4I1~LIC~~C~ ~~
telecor~f~ren~e~, ~~1~ ~~~5 ~VII~ I14~ C~1~.I]~~ ~L~~ ~~1Cl~l~ ~C~.~C~LI~~.
~` ~` T~1~ ~O~~O~V1I1~ ~I1~I~U [~~SC~1~~S ~~~ ~QS~ ~]~~ ~C~~t~1~~~ 0~]t1~11:
~ P~'Q'~1S1Q11 ~ll~'~I~t~~ ~~~1I~.~~~ U~~~~` TMR~, bu~:
Enti~y did n~~ evalu~~e ~e~or~ hand; $~,~~0, incl~~es cert~~cation
E17~1~~ C~1~ ~~~~U~~~ ~I~L~ ~III~ I1~~~S C~~1~C~~fQ~1: $50~
Ei]tit~ rl1n~ ~~p~Ct ~t~.t~rri~~~ ii~ p0~~1, ~]q C~~~~iC~ti~~i; ~0 ~n~ ~l11i~71~~~
•~ta~dard pr~~isia~ but r~ot cur~ent~~ a~a~lab~~ undex T1V~R~, includ~ng impa~t
st~terrren~ and pro j ection: $~,5 ~~.
• I~an-~tan~ard ~ro~i~io~~ ~~11 be billed either ba~~d on t~ae t~n~e charg~s ~r ba~ed
~~1 ~ ~~~~ ~~~ C~~t~~~~~C~ ~7~~~~'~ ~h~ ~?~~1~ll71~~ 0~ ~~1~ S~l.l(~~.
~~~~u~ ~ourl~ ra~~~ ar~ based an j o~ description. The haurly ~a~~s ~or th~~ ~ro j e~t ~xe
~h~~n be~a~v;
. .....
. ...... . ~:.. . . .
. .
...~. ~~~ ... .. .~ . ..
: . a~s of ,~~~~o~~e~ * . . . ~~
. ~c~~;y ~a~es
_ ::., ~ , ....._. . . . . ....
. . . . .. . . . r~ ~-~.~~r-e~rw ~ . ~ ~. : ~. . ~. .
, . . illiiy~~i ,
SeniD~ ~ans~l~lt $3~0
~ansultants $~7~
~eniox Anal~~t~ $~~~
Actr~aria~ Analy~ts $15~
~~~~ems ~.nal~st~ and ~ragratnmer~ $~~a
Admini~~ra~~~e Su~port ~taf~ $11 ~
Tra~el ch~~ges: F~~` t~l~ ~ IT1~~~~I1~~ ~~,~~ ~~~ 1~1~i11C~~{~ ~~. t~~ 8~~~ ~~~`Vl~~ F~~, ~R~ wil~
inv~i~e reas~na~~e out of pocket exp~nse~ fox ~eeting~ ~ut~~d~ ~f t~e ~~0 rr~ile radius
~escribed in th.e I~P, F~~' ~(~C~tt10~~I ~~~~1I1~~, I]~ I~1~~~~' t~~ 14C~~~OI~~ ~R~ ~i~l rn~roice
re~sana~le ~~t of ~ocket ~~pe~ases, ~lus 5~°Io of the stated ~ate~ abo~e f~r time whi~e
~ra~eling.
~~briet R~~der ~rni~h ~ ~omp~ny
. ` }i
, ~a~~ie~ R~e~~~ 5#~ith ~~o~p2~~y 5~05_N. MacArthur Blv~. 469.524.DOD~ pho~~
~onsultants ~ Ac~a~~es ~ Suit~ 87U ~69.524.DD~3 fax
I~ving, ~ 7~D38~~6~~ www.gabrielroed~~com
Apri~ X4, ZOOS
Ms. ~ons~ance ~anchez
Deputy Directar ~f Financial ~er~i~e~
~it~ o~` ~o~rpu~ ~hr~sti
1 ~~ ~ Lepard Street
~orpus ~hris~i, TX 784~ 1
~e: ~r~Cing ~Stir~~~~ fOr P~nSi~n ~On~UX~~ri~ fUr ~1~ U~ ~O~p~S ~h~ist~
~e~r Ms. Sanchez,
You ha~e requested ~ pricin~ quote far par~i~ipation under the ~hared ~e~~ce~ p~rogr~m th~ough the
North ~e~tral Te~as ~ouncil ~f ~o~ernment~ ~NCT~~G} for pensian cansulting ~o be provided b~
Cab~ie~, ~oede~, ~~aith ~ ~o ~~~~}, ~~ ~}~~?DS~ Of ~~115 ~~~~~~~I~Il~ lS t0 ~]rOVI(~~ 1~1C~1~1dL1~~ Clt~~~
an independen~, ~1111~~~ ~~1(~ ~~1~11~1~C~ S~U~'C~ ~~ ~C~ll~~~l ~~'~1C~ ln ~ ~00~`C~1Il~~~C~ ~~ShI0~1,
~rR~ is an actuar~al f~rm that uniquel~ ~pecia~~~e~ ~~. p~b~~c ~~ct~r xe~irer~ent and group hea~th care
s~~~ems, ha~ a nati~nally reco~ni~ed reputation, an excellent rese~~ch center that sp~c~~~i~e~ in
public ~~r~tem~, and a ciear und~r~tandin~ a~' the r~ational, ~tate a~.~ ~ocaX poli~ica~ and le~is~ati~e
en~~~~~.~e~~ ~~.d ~~~ce~~F ~e s~r~e ~nre than GOU re~irement s~~tem~ and heal~h care program~ in
45 state~. ~e ha~e been the ad~~sor~ to man~ of our ~lients f~r m~re ~har~ ~4 ~e~~~.
~ased on ~h~ ~~~or~xaatzon ~ou p~~vz~ed, t~e cost of ~er~ice~ ~ar City of ~orpus ~hri~ti is $ ~ ~,~~~,
~'~115 ~~'IC~ ~~S ~~~~~1~"11~1~[~ ~]~~~C~ 011 ~ ~]1~11 ~~1~~~~5~1~] 0~ ~,~~ ~ ~4,~4D, There v~~ll also be a ~ ~ ~~
administra~ion ~ee payable ~~ N~T~OC~.
Basic ~ervices
Bas~c ser~ice~ pra~ide~ through ~he ~h~~ed ~er~~~e~ progr~r~ w~ll inciude.
~erfor~n a ~ep~~ca~~on ~a~ua~i~n as ~f ~ 21~ ~ 1~7 af ~he ~~ndx~x~ual ~i~'s ~TMR~ benefit plan a~
1~ CU~~~1~~~ ~~~S~S ll~l~l~ t~1~ PrO~~C~~C~ ~T~11t ~r~{~1~ ~C~ll~~l~l ~7,~~~,0~, ~5~30 ~ear clo~ed level
percenta~e of pa~ amortiza~ion as applicable and the exac~ sam~ as~urnp~~on~ as ~he T1V~RS
actuar~. Del~ve~ ~ valuatian report in canformanc~ v~ith exi~ting Ac~uari~l ~tan~dards o~
Practice ~A~~P} and ~~~erntnental A~countin~ Standard~ Boards ~~ASB} ~tandard~ for
veri~~a~ion o~ the ~u~rent ~alu~tio~ li~bili~ies and cont~ibu~ion r~quirement~.
U~IIl~ t~l~ 1I1~~III]~t1~Il ~~III~~ 1~1 ~~1~ ~3~5~ ~~IU~~1~~1, ~]~~~ t~l~ lI]{~1V1(~L~7~ C1~ ~~ 1(~~I~~X~ ~a~~~~
options for r~odifying ~he ~lan to bo~~ ~~p~o~e fun~~~g status a~d reduce ~antributi~n ~ate
impact.
~s. Constance ~anc~ez
~a~e Z
• An e~hibit shov~i~~ ~he impact af a~~ curren~l~r avail~ble pras~ecti~re chan~es under the
T11~IR~ bene~it structure,
A mernbership to th~e ~R~ ~alu~tion ~o~al, v~i~h ~c~es~ t~ ~he Scenario Planning Module.
~'~is ~m~dule ~~l~v~~ the u~er to ch~nge ~pe~ified be~nefit pro~i~ia~s far cu~rent ox f~.~ure
emplo~ee~ and create "v~h.at~i~' S1t~1~t1D~1S. T~.~ ~veb portal is extrem~~~r u~er friendl~,
~asicall~ a 1 fo~ tab ~vith drap do~vn ~oxe~ f~r each of the ~ha~ge~b~e pr~~~sio~s~ ~'~.e~e
~ill ~e four ca~umns, one d~~cri~ing the pro~~~ian ~usir~~ TMR~ termrno~og~}i OIl~ S~ID~III~
th~ current b~n~f~t ~tructu~e, one fo~ changing the sxr~~tt~~re prospecti~e~y for current
members, an~ or~~ far changing ~enefits for fu~ure mem~er~. ~e are a~are that ~'14~R~
~urre~t~~ does not al~ov~ for tie~~d levels of benef~ts, ~U~ ~V~ ~3~~1~~T~ ~~1~~ ~~~11~10~1 ~1~~ ~~
widely ~eque~ted and ~h~u~d not be ~errro~ed from the realm ofpos~~b~~i~ies.
~nce t~e u~er ~e~ect~ the combination ~~`~ro~i~~on~, pushing a~uttan v~i~l run a~ralu~tion an
the e~act ~~~~ of that ~~ty, u~ing th.~ ~xact prog~am ~h~ b~~e va~uat~an use~. T~,~t means ~he
resul~~ shou~d ~e c~nsisten~ ~heth~~ th~ resu~~s are created ~hro~gh the p~rt~l b~ an
~~.d~~~dua1 ~it~ or b~ a ~~~ e~npl~~ee. ~~C~1 SC~~~~'10 ~Vl~l C~'~~~~ ~ 4~~ ~~~~ ~X~1~?lt ~~701~U1~1~
th~ resu~~~ under th~ prop~se~ ~ro~i~ion~, ~long ~ith ~ fi~ll int~~~ctive proj ec~ion
da~rnl~adabl~ ~n ~ v~~r1~b~~k farm~t, ~'he ~greerr~en~ i~cludes ur~limited use ~~ t~i~ portal f~r
up to one year.
~ Up to t~o ~~} h~u~s o~ techriical a~si~ta~ce for the ~raluat~on po~ta~ ~i11 be pr~~ri~ed o~er the
teleph~~.~ at no cast to ~articip~t~~rg membe~~.
• Twa in-per~on ~r co~f~rence c~11 rneeti~g~ a~ tnutu~lly agreed upon b~ ~ity ~f ~orpu~
~h~i~~i and CrR~. Dut of ~oc~e~ tra~el expenses fa~ ~av~rnment~ Iac~te~ ~ 0~ rniles ar mo~e
fron~ do~n~o~ H~us~~n or DF~T ,~irport ~vi11 be char~~d ~o ~he ~i~y ~f ~a~pus Chrlsti.
~~~~li~I'121~ C~I~1~1G~t1~1~~ 0~ ~~~1~~1~ I~10(~1~C~t~Q11S Q~' ~~~~lCl~l~ SC~~1~~105. VI~hi1e r~e~nbe~
enti~ie~ ~ill ~ave unlirnited acce~~ ~o the ~aluation por~al, befo~e ~r~~`ormation shou~d ~e use~
~~ ~~~~ ~117~1 C~~C1~141~~, ~he~ a~us~ be certif~ed b~ an C~S ~ctu~ry. Th~ base project ~~e
~n~ludes tv~Q ~er~i~cat~o~s. Ad~i~iona~ c~r~~~ca~~o~ns of optians fir~t mo~eled through the
porta~ ar~ $5~~.
Plan Re~es~~~ ~~~d~es
~o~me plan mod~fica~io~.~ ~na~ ~~t be cur~en~l~ a~a~la~~e under T~IRS o~ the enti~ may ~ao~ ~vant to
utz~~~e the p~~ta1. In ~hose ci~c~n~~tances, a~dit~on.al cos~ s~udi~s ~il~ be ba~e~ an t~e f~llo~r~ng
~chedu~e ~
Pro~i~~on currentl~ a~a~~ab~e undex ~'~R~, but:
Enti~y did ~at e~al~ate before hand: $1,Ua4, includes cer~ifi~a~~a~
Elltl~ (~1~ ~V~~U~t~ ~I1C~ ~~1~~ ~~~C~~ C~I~1~1C~~1~~1: ~504
G~abr~e~ Roeder ~mi~h & ~ampany
~~~ ~onstance San~h~z
~age 3
~~tit~ runs impac~ ~tate~e~t in porta~, n~ ~ertifi~ation: ~~ and unlimi~ed
•~tandard ~ro~~~ion ~u~ not current~~ av~ilable ~~der TMR~, includin~ impact sta~en~e~t and
pra~ec~ion: $1,~~~.
• Nan-st~ndard pr~~i~~on~ ~ill ~e bi~~ed ei~her based ~n t~e time charges or ~ased on a fixed
fee determined befo~re the be~in~in,g of t~e ~tud~. ~ou~~~ fees are sta~ed belov~:
~-.-- ~~~' ~esa~rc~ ~~ass~;~~u~io~ ~~or~~~ ~a~es ~
~ ~ ,,. ,.,~, ~' ;~
~~ ~er~~or ~on~ul~~nt I Actua~ $35D ~~
~i
; ~onsu~tant~ $275 :I
' ~en~~r Ana~~sts '
.~ctuarial Anal~~t~
' ~~sterrr~ A.~~~~sts and Pro~rammers
~ Ad~.~nistr~~ive ~uppo~ ~t~ff
$~75
~150 ~
$20~
~11~ ~
~
, ~
Tra~e1 c~arge~: For ~he ~ meet~ng~ ~hat are inc~uded in the Base ~e~r~ice Fee, ~~~ ~~11 rnvaice
r~~~onable aut of ~ocket expen~es fo~ n~e~t~ngs outside ~f ~he ~ Q~ mile rad~u~ de~cri.bed in ~h~ ~~,
Fo~ ~dd~ti~nal meetin~s, ~o rr~a~ter t~~ ~oca~ian, ~~~ ~~tl in~oi~e rea~o~able ou~ ~f po~l~et
expense~, plus 5~°Io af ~he s~a~ed rate~ abo~e for time ~hile ~a~eling.
Pricing .a~~u~nes ~U°Io p~id upo~ accept~nce ~~ the govern~ne~t of ~1~e engagement, ~~~/o up~n
recei~t af the repart and 3~°I~ up~n conc~~~ion ~f the p~o~~~~,
A cap~r o~ ~his pro~osal letter ~vill be made a part o~ the eng~~ement agree~ent bet~re~a~ ~it~ of
~orpu~ ~hr~~ti a.nd ~rR~,
If ~ou ha~e an~ ~ues~~o~s or n~ed addit~onal information ~lease ~~~'~ hesitate ta email ~s at
~N~~T~~~.~hare~s~r~ices~a ~abrielrQe~er.c~rn~ or call Le~vi~ ~ard at 4~~15~4-1804 0~ Joe l~ev~t~n
a~ 4~91~24- ~ 8~7.
Thank ~au for ~aur intere~t in the ~hared ~e~ices pro~ra~..
~abriel, Roede~r, ~mith & ~vr~~a~ny
~abr~eY ~~ede~r ~mit~ ~ ~o~pany
~ ~ } ~
~ ~ ~ ~ 1 V ~
~
~`exas Nlunicipaf Re#irem~n# System
Nan ~i~closure Agreer~~nt
Thi ~lon ~~~clasur~ Agreemer~t ~the "Ag~eernent~~ is ma~e on and effec~ive as of this ~~ da of
Y
~~ ,~~48 by and ~e~v+feen th~ ~i#y af ~~~ c~ 3' G~~~v,,~ ~~` , Texas, a~'exas
rr~uni ~ality ~"~it~'} and the Tex~s M~nicipa~ Retireme~t ~y~te ~"T~J1R~"}.
RE~ITALS
1NW~REI~~, ~~ty ~s a rnur~ic~pa~ity #hat par~~ci~ates ir~ TM~4~; and
VIIMER~A~, ~ity has hi~ed an ac#uari~l ~irm #o perf~rm actu~r~al service~ which r~quire ~ity ~articEpant
data from TMR~; and
1~H~REA~, TMR~ mu~t protect the confider~#iality of ~his p~rtic~~an# dat~ pu~suant to ~ec#ions 5~~,1 ~1
and 855. ~~ 5 af the ~overnrnent ~od~; and
~UHEREAS, T~II~~ may disclo~~ such in~orr~a~~an pursuant to ~he terms and conditian~ herein;
***
N~~V, ~HER~F~REt for goad and v~~uable ~~r~s~dera#ion, the rec~ipt an~ suffci~ncy ~f ruhich the pa~ties
he~eby ackn~~rledge a~d conf~m, the par~ies ~gree as fo~faws:
1. F~r t~e purpose~ of #his Agreem~nt, "Confider-ti~l inf~rmation"' s~all r~ean only TMR~ participan# d~#a w~ich
is subject to ~e~tion 85~.~ 15 0# ~he ~ov~ernm~nf ~~de, ~ncludir-g, b~# no# lir~ited to, any information conceming ~n
ir~dividu~l member, retiree, ~nnui~ant, or b~nef~~ary, whe~her ~n ele~trot~i~ or vvritten ~oxm pr~vided ~y TMR~ to ar~y
emplvyee, ~fficer, rep~~s~nt~#~ve, ~ontrac#~r o~ a~en~ af the ~ity {~ach a"Rece~ving ~~r~'} dur~ng th~ t~rm of this
Agreem~nt. Confid~nt~al inforrna~~ian will na# incl~tde an~ in~ormation which ~i} is o~ be~ame~ public~y avai~abfe, ~ii} is
alreatly in the ~ity's pvss~ssion and not ~t~en~rise subject ~a the c~nfiden#~~li~y pravisians of ~~cti~n 8~5.~ ~5 af the
Gavemrnent ~~de; ~~ii} is or becarr~es ava~lable t~ the City an a r~~n-ca~~ident~al basis fram a so~~ce oth~r than
TMR~, pravide~ that such ~ource is not known to be ~ubject to any ~e~ar ar contractual ob~igation ta TMRS t~ keep
su~h information confd~r~tial, or ~iv} is ~ndependen~ly developed by th~ ~ity ~~ ~n ~h~ ~i#y's be~ra~~ witha~~ v~olating
any of C~ty"s ob~igations h~reunder.
~. T~e ~~ty represen~s that any of its employees, ~f~cers, representat~v~s, cantracto~s or ~~ents who will
receive the ~onf~de~~ia! Infor~at~an, will, prior to receiv~r~g such infarmatian} ~ign and ~gree ta be bound by
~a~gu~ge at least as re~#r~~~ive as the fanguage con~ain~d ir~ this Agreernent, regarding th~ ~se and protect~an af
t~e ~onfid~ntial ~nform~tion.
~. T~e City Qr any Rec~iving Party agr~es that all ~onfidenti~l ~nfarmation:
a~ ~h~a~i be ma~ntained ~n a~cordan~e with ~ec#i~n 8~~, ~~ 5 af the ~overnmen~ Cade and ~n strict
conf~denc~ by such Receiving Par~y except as required by an ar~er ~f a caurt of ~~~npetent ~urisdicti~n or
other ~eg~~ prac~ss;
b. ~hall no~ ~e d~~~~os~d by #he Re~eiving Party t~ ~ny thi~~l p~rky othe~ than the em~~oyee~ or
agents of such Receiving Par#y v~+ho have a ne~d ~o know the r~fonr~at~on in conne~t~on with t#~e purpo~e
stated ~n the Recit~ls; and
c, sf~all return tt~e ~onfiden#ial Ir-forr~at~Qn to TMR~ or desfroy a~-y ~nd all or~g~r~als ~nd capies ~por~
co~nple~ion af #he set t~sk fa~ whi~h it is ~equired ar at the end ~~ an a~propri~te record ~ete~t~on pe~iod.
4. The ~ity ar any Rec~iving Pa~~ty shall nat publi~h any r~part, press release, data or ather in~arma#ion
regarding vf determined fra~n su~h ~~nfidenti~l in~~rmat~on to the extent ~he repart, press release, data or vt~~r
informatian includes individ~al participant da#a in a farm identi~~ble with a speci~c individual and whas~ release
~rauld be prahibit~d by ~ection ~55.~ ~ ~ a# the ~overnm~n# ~ode, ~nless oth~rwise r~quired ~y ~a~r,
5. The pa~t~es ~gree #ha# i~ a~reach af ~his Agreemen# vccurs ~y ~ Receiving Parky, TMRS sha~l suff~r
irreparabie har~n and significant injury and I~s~ to a degre~ which would be difficult to a~certain and ~u#~i~h vuould
not be ~ully compensable ~y dam~ges alone, at~d #h~t TMR~ ~ha~l have tha ri~ht t~ inv~ke the juri~diction of the
caurts t~ s~ek immediaf~ temparary ~r perm~nent injut-c~ive rel~ef, sp~cifi~ perfarmance or oth~~ ~quitable relief,
~~th~ut ~ond, and with~u~ p~ejudice f~ any oth~r righ~s and rer~ed~e~ availahke ta T`~IIRS.
B. Thi~ Agreem~nt is to be cons~rued and ~nterpr~ted in accor~ance with the lavus of #he ~tate of Texa~
uvithout r~gard #a its canflic~s o~ ~aws pravisions. ~~ is agre~d tha# venue sha~l be in #he ~istrict Court of Travis
~ounty, T~xas.
7. ~ach party repres~nts that the persQn signing ~e~avu has the requisite right and authorit~ to ~xe~ute this
Agreemet~t on b~half of its v~~ani~ation ar~d ~~ ~ind it ta ~~~ provisions hereof. The partie~ fu~ther agree that thi~
Agre~ment contains t~e ent~r~ u~der~tanding of th~ parties wit~ respect to the su~j~ct rr~at~er hereof a~d that
~here are no oth~r agree~n~nt~ nr ur~derst~ndir~gs with resp~ct f~ fhe ~ub~ect rnafter.
~. If a~y third pers~n ar entity ~equ~s~s or seeks #o compe~ #he ~##y #a disclase ~~ produce ~ny in~ormatiar~
provide~ t~ the ~i~y by TMR~ under this A~~eer~ent v+~hich is sub~e~t to ~ec#ian 855,~ ~~ af the ~over~r~e~t C~de, ~r
claims an ~~#itlement t~ ~ny such ir-formation a~ the graunds that ~uch infar~atian ~s al~ege~ or cla~med to ~e
~eneraaly availab~e to the p~bli~ or ~~ cor~s#ttute in whol~ ar in p~r~ ~ pufol~c rec~rd, dncument ar repor~ under
appli~able lavu, the ~ity agr~es ~o fil~ a fime~y r~quest for an apinion af the a~#or~ey general seekir~g to ~ri#hhofd the
informatian unde~ t~e Texa~ Public ~nformatian Act, In ~dditio~, the City agrees tv u~e i#~ best e~f~~ts to nvtify TMR~
withrn twa ~~} busin~ss days af its receipt of such a request, but in no ~~~e la#er than is reasor~ably necessary ta
provide TMR~ an adequate appar#u~rity to requ~st a legal apinior~ or to consent to ar seek to pr~vent such disc~osure
thrQUgh protective ord~~ a~ ather appr~priate rernedy.
9. The p~r~ies agree th~# ~hap~era ~2fiQ, Texas ~over~men# ~oafe, ~s applicable to t~is Agreement a~d the
dispute resofution proce~s provided f~r ~n ~ha~ter ~~6~ u+fi~l be used by TMR~ ~nd ~i#y ta attempt to resvlve any
claim for br~ach af contr~ct o~ other c~aim made by City th~t caMnot be resolved ir~ #he ordinary course of bu~ine~~.
The ~xecutive ~i~~ctor of TI~RS or h~s designee w~l~ examine ~he ~ity's clair~ and an~r counterclaim and r~~g~ti~te
v+fitl~ C~ty in an effart t~ re~~~ve such clairns. T~e parties specifical~y agr~e t~at ~~~ neither the execution o~ t~e
Agreement by T~I1R~ nor any a~h~r ~anduct, a~tian ar inac~~on of any ~epresentative of TMR~ r~latir~g to the
Agreement canstitutes or is in~en~ed to cons#i~~te a waiver af TMR~" sav~reign Emmunity to suif; and ~~~~ TMR~ has
n~t w~ived ~ts ri~h# t~ seek redr~ss ir~ fhe caurts ~r to ~~~ry trial.
IN VIIITN~~~ 1~H~R~~F, ~he parties have executed th~~ A~reement on the ~ate{s} set €ar~h ~pposite the
~ignatures of ~heir authari~ed repr~~~ntativ~s ~o be ~~fect~ve for a~l purpases on fh~ date ~rs# ~ritt~~ above.
CiTY ~~ ~ ~,x~ ~,~ ~~' ~-~~
BY:
~~~~.~~~'' ~ ~ ~~'
NAI~~~
. ~ ~~ ~`''~ ~ ~-+ ~ ,~.~,I
T~T~.E, a~
DA~E:
~, ~ . ~ ~ .~~
~ppr~ved as to fo ~ .~-
, , ,
~~ ~~ ~
~.i~~ ~~~~~i~r:,
~~~i~~~nt ~~ ~1~a~ne~
~or City A~o~ne~
'CEXA~ MUNI~IPA~. R~T~R~~IENT'
~Y~T~N~
~Y:
NAI~E: ~r~c Menr~-
- ,,.~.~~
TITLE: ExECUTIV~ QIR~CT~~ ~~ua
~HIE~ INVE~TMENT ~FFICER
~AT~: ~~ ~ ;-- ~ ~
Page ~ of ~