City Council

7. Consideration to Adopt a Resolution Establishing a Section 115 Trust for OPEB and\nPension Liabilities and Authorize Shuster Advisory Group, LLC as the Administrator of the\nSection 115 Trust. (City Council)\nRecommendation: It is recommended that the City Council read by title only, waive further\nreading, and adopt Resolution No. 2023-79 titled:\n“A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BELL, ADOPT\nRESOLUTION NO. 2023-79, ESTABLISHING A SECTION 115 TRUST FOR OTHER\nPOST-EMPLOYMENT BENEFITS (OPEB) AND PENSION LIABILITIES AND\nAUTHORIZE THE CITY MANAGER/FINANCE DIRECTOR TO EXECUTE WITH THE\nTRUST ADMINISTRATOR, CUSTODIAN, AND TRUSTEE TO CREATE A 115 TRUST\nACCOUNT FOR THE FUNDING OF FUTURE OPEB AND PENSION LIABILITIES”