HomeMy WebLinkAboutR-83-0643J-83-534
RESOLUTION NO. Cis}"'��ai'.
A RESOLUTION AUTHORIZING THE CITY MANAGER TO INCREASE
THE CONTRACT COST OF THE EXISTING PROFESSIONAL SERVICES
AGREEMENT WITH E. H. FRIEND & CO., FOR EXPERT ACTUARIAL
ASSISTANCE IN PENSION MATTERS IN AN ADDITIONAL AMOUNT
NOT TO EXCEED $45,000, WITH FUNDS THEREFOR ALLOCATED FROM
SPECIAL PROGRAMS AND ACCOUNTS.
WHEREAS, the City of Miami is concerned about the fiscal stability
of its municipal operations; and
WHEREAS, by Resolution No. 82-1123, the City Commission authorized
the City Manager to negotiate and execute a Professional Services Agreement
with E. II. Friend & Co., for expert actuarial assistance in pension matters;
and
WHEREAS, on October 1, 1982 a Professional Services Agreement was
executed for a term of one year commencing on October 1, 1982 and termi-
nating September 30, 1983; and
WHEREAS, recent state and federal laws have made Pension funding
and administration more complex and demanding;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The City Manager is hereby authorized to increase the
contract cost of the existing Professional Services Agreement with E. H.
Friend & Co., for expert actuarial assistance in pension matters by the
expenditure of additional funds for the said increase in an amount not to
exceed $45,000 which is hereby allocated from Special Programs and Accounts.
PASSED AND ADOPTED, this 18th
T:
llkL G. ONGIE, CITY CLER
APPROVED AS TO FORM AN CORRECTNESS:
SE R. RCIA-PEDROSA, CITY ATTORNEY
PREPARED AND APPROVED BY:
Ze4,0- '/ I AIA . 'e
DEPUTY CITY ATTORNEY
day of July , 1983
Maurice A. Ferre
M A Y O R
CITY COMMISSION
MEETING OF
J U L 18 1983
RESOLU„x, l;u. 83-643!
W !
53 ,
i
CITY OF MIAM1, FLORIDA �I
INTER -OFFICE MEMORANDUM
Howard V. Gary
City Manager
FROM: Carlos E. Garcia
Director of Finance
DATE: June 22, 1983 FILE:
SUBJECT Agenda Item for Approval
REFERENCES:
ENCLOSURES:
It is requested that the attached
resolution authorizing the City
Manager to extend the existing
contract with the firm of E. H.
Friend & Co., for assistance in
pension matters, be adopted.
The firm of E. H. Friend & Company has assisted the City for
several years in the preparation of Pension Valuation Reports
and other pension related matters.
It is necessary at this time to extend the existing professional
service agreement with this consultant to cover the cost of
additional work required, including assistance in negotiating
outstanding pension litigation.
83-643,