City Council

10D. CONSIDERATION OF A RESOLUTION TO SELECT PUBLIC AGENCY RETIREMENT SERVICES (PARS) AS THE CITY’S SECTION 115 PENSION INVESTMENT TRUST ADMINISTRATOR AND IMPLEMENT AN INVESTMENT STRATEGY ACCORDING TO THE RECOMMENDATIONS OF THE INVESTMENT ADVISORY COMMITTEE Staff Recommendation Adopt Resolution No. 25-86, which will: 1. Approve, and authorize the City Treasurer to execute, Contract No. C25- 31, by and between the City of San Clemente and Public Agency Retirement Services (PARS), to administer the City’s Section 115 Pension Investment Trust Fund (115 Trust). 2. Approve the Investment Advisory Committee recommendation to select the Capital Appreciation portfolio within the Tactical Management investment strategy. 3. Authorize the preliminarily funding of the 115 Trust in the amount of $1.18 million from General Fund account number 001-203-48630. 4. Authorize and direct staff to take such other and further actions and execute such other and further documents as may be necessary to accomplish the purposes of this resolution.