Title
A Resolution accepting the Response of Public Financial Management, Inc., to RFP No. 25-2012 for consulting services related to the Police and Fire Pension Fund, and authorizing the Mayor to execute an Agreement with Public Financial Management, Inc., related to these services in an amount not to exceed $149,089. [Office of the Mayor, Emmons]
Summary
Authorization to approve agreement with Public Financial Management, Inc. to provide consulting services related to Lexington’s Police and Fire Pension. (L1196-12) (Emmons)
This is a request to approve agreement with Public Financial Management, Inc. at a cost not to exceed $149,089 to provide consulting services related to Lexington’s Police and Fire Pension. A budget amendment has been submitted for $210,000 that includes the cost of the agreement as well as analysis from LFUCG actuaries.
Budgetary Implications: YES
Advance Document Review: Law
Fully Budgeted: BA 4538 in process
Account Number: 1101-133001-0001-71299
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the response of Public Financial Management, Inc., to RFP No. 25-2012, for consulting services related to the Police and Fire Pension Fund, be and hereby is accepted and approved, and that the Mayor is authorized, on behalf of the Lexington-Fayette Urban County Government, to execute the Agreement with Public Financial Management, Inc., which is attached hereto and incorporated by reference, related to these services.
Section 2 - That an amount, in an amount not to exceed the sum of $149,089.00, be and hereby is approved for payment to Public Financial Management, Inc., from account #1101-133001-71299, pursuant to the terms of the Agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
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