City Council

4. ADOPTION OF A RESOLUTION AUTHORIZING THE CITY MANAGER TO\nEXECUTE AGREEMENTS TO TRANSFER ADMINISTRATION OF THE CITY’S\nOPEB SECTION 115 TRUST TO SHUSTER ADVISORY GROUP, LLC, AND TO\nTRANSFER THE TRUST’S ASSETS TO CHARLES SCHWAB TRUST BANK AND\nTO NAME ALTA TRUST COMPANY AS DIRECTED TRUSTEE\nRECOMMENDED ACTION: Adopt Resolution 2025-C17 authorizing the transfer\nadministration of the City’s OPEB Section 115 Trust to Shuster Advisory Group, LLC, and\nto transfer the Trust’s assets to Charles Schwab Trust Bank and to name Alta Trust Company\nas Directed Trustee; and Authorize the City Manager, subject to the review and approval of\nhttps://azusa.granicus.com/GeneratedAgendaViewer.php?view_id=5&event_id=1198 5/9\n4/4/25, 11:12 AM azusa.granicus.com/GeneratedAgendaViewer.php?view_id=5&event_id=1198\nthe City’s legal counsel, to sign all necessary documents to transfer the City’s Section 115\nTrust from Public Agency Retirement Services trust program to Shuster Advisory Group,\nLLC trust program. Total Cost: N/A Is the cost of this item budgeted? N/A Fund/Account\nNo: N/A\nE-4 Staff Report - Transfer OPEB 115 Trust