City Council

10D. CONSIDERATION OF A RESOLUTION TO SELECT PUBLIC AGENCY\nRETIREMENT SERVICES (PARS) AS THE CITY’S SECTION 115 PENSION\nINVESTMENT TRUST ADMINISTRATOR AND IMPLEMENT AN INVESTMENT\nSTRATEGY ACCORDING TO THE RECOMMENDATIONS OF THE\nINVESTMENT ADVISORY COMMITTEE\nStaff Recommendation\nAdopt Resolution No. 25-86, which will:\n1. Approve, and authorize the City Treasurer to execute, Contract No. C25-\n31, by and between the City of San Clemente and Public Agency\nRetirement Services (PARS), to administer the City’s Section 115 Pension\nInvestment Trust Fund (115 Trust).\n2. Approve the Investment Advisory Committee recommendation to select\nthe Capital Appreciation portfolio within the Tactical Management\ninvestment strategy.\n3. Authorize the preliminarily funding of the 115 Trust in the amount of $1.18\nmillion from General Fund account number 001-203-48630.\n4. Authorize and direct staff to take such other and further actions and\nexecute such other and further documents as may be necessary to\naccomplish the purposes of this resolution.