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DRAFT attorney\reswork\current\GASB & NCTCOG Agreements Actuarial Services Res 2009 RESOLUTION NO. INTO PARIS, A RESOLUTION OF THE CITY CITY COUNCIL TO THE CITY TEXAS, AUTHORIZING THE INTERLOCAL COOPERATION AGREEMENT WITH NORTH COMPANY (NCTCOG) TO CENTRAL TEXAS COUNCIL M SMITH & GOVERNMENTS CONDUCT HIRE GABRIEL ROEDER S ACTUARIAL CONSULTING SERVICES OF THE CITY'S OTHER POST EMPLOYMENT BENEFITS AS REQUIRED BY GOVERNMENTAL ACCOUNTING STANDARDSOVISBOARD STATEMENT 45; MAKING IONS RELATED O THE SUBJECT• OTHER FINDINGS AND PR AND DECLARING AN EFFECTIVE DATE. WHEREAS, the Governmental Accounting Semployment andarBoard (OPEB) requires an actuarial evaluation of other post program offered by cities; and, WHEREAS, the City of Paris currently provides OPEB for its qualified ou sheet liability retirees and the evaluation will calculate the on dollar the amount along with OPEB so that it may be properly reflected City balance providing other useful financial information; and, WHEREAS, in order to minimize the cost of this study and future studies, the City is recommending that the Council North Central TexaseCounclrlof services agreement available through the Governments (NCTCOG); and, WHEREAS the NCTCOG has coordinated a request for proposals for in the best actuarial services negotiating with several roastlof multiple city ~aluaations as a price for these services and using the prospect negotiating point, NCTCOG was able to obtain favorable pricing for this service; and, WHEREAS, NCTCOG selected Gabriel Roeder Smith & Company located in services Irving, Texas to conduct the actuarial study and the for these ac estimated a~ al services; ands the City of Paris is $5,720 through this agreement WHEREAS, the City Council hereby finds that it is in the best interest of the City of Paris and its citizens that the City enter to a Agreement with provide North Central Texas Council of Governments (NCTCO ) r these actuarial services to the City of Paris and that erelCity Manager ated to con duct ng GASB authorized to execute any and all necessary documents 45 actuarial services.