01/25/2005 Resolutions 2005-23
I
I
I
RES 0 L UTI 0 N 2005-23
WHEREAS, the City of Grand Island invited sealed proposals for Police Officers
Retirement Plan and Firefighter Retirement Plan, according to plans and specifications on file with
the Human Resources Department; and
WHEREAS, proposals were due on November 1, 2004; and
WHEREAS, such proposals were received, reviewed and evaluated in accordance
with established criteria; and
WHEREAS, two companies with a strong local presence made final presentations to
the police and firefighter pension committees; and
WHEREAS, Wells Fargo Bank, N.A., submitted proposals in accordance with the
terms of the request for proposals and all statutory requirements contained therein and the City
Procurement Code.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the proposal submitted by Wells Fargo Bank,
N.A. for the Police Officer Retirement System and Trust is hereby approved.
BE IT FURTHER RESOLVED, that the proposal submitted by Wells Fargo Bank,
An.A. for the Firefighters' Retirement System Plan and Trust is hereby approved.
BE IT FURTHER RESOLVED, that Defined Contribution Service Agreements by
and between the city and Wells Fargo Bank, N.A. be entered into for such projects; and the Mayor is
hereby authorized and directed to execute such agreements on behalf of the City of Grand Island.
Adopted by the City Council of the City of Grand Island, Nebraska, January 25,2005.
QS\110 ffi~
RaNae Edwards, City Clerk'
Approved as to Form IX /JR fA /
January 20,2005 IX ~ity Attorney