CITY OF EL PASO, TEXAS
AGENDA ITEM SUMMARY FORM
Details
All Districts
Purchasing & Strategic Sourcing, Bruce D. Collins, (915) 212-1181
Human Resources, Mary L. Michel, (915) 212-1267
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public hearing date: Click or tap to enter a date.
strategic goal:
Goal 6 - Set the Standard for Sound Governance and Fiscal Management
subgoal: 6.3 Implement programs to reduce organizational risk
SUBJECT:
APPROVE a Resolution / Ordinance / lease to do what? OR AUTHORIZE the City Manager to do what? Be descriptive of what we want Council to approve. Include $ amount if applicable.
Title
The linkage to the Strategic Plan is subsection 6.3 - Implement programs to reduce organizational risk.
That the Director of Purchasing and Strategic Sourcing Department be authorized to extend the existing contract 2009-097R 457 (b) Deferred Compensation Plan Administrator and 401(a) Profit Sharing Administrator with Prudential, effective June 1, 2021; to continue to provide administrator services for the City’s 457(b) and 401(a) plans on a month-to-month basis, with 60 days written notice of termination, and under the terms of the existing service agreement.
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Background / DISCUSSION:
Discussion of the what, why, where, when, and how to enable Council to have reasonably complete description of he contemplated action. This should include attachment of bid tabulation, or ordinance or resolution if appropriate. What are the benefits to the City of this action? What are the citizen concerns?
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PRIOR COUNCIL ACTION:
Has the Council previously considered this item or a closely related one?
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AMOUNT AND SOURCE OF FUNDING:
How will this item be funded? Has the item been budgeted? If so, identify funding source by amount numbers and description of account. Does it require a budget transfer?
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********************REQUIRED AUTHORIZATION********************
If Agenda Item Summary Form is initiated by Purchasing, client department should sign also