HomeMy WebLinkAbout2020 02 24 Consent 302 - Pension Investment Advisor Contract Renewal (AndCo) • CONSENT AGENDA ITEM 302
noora=a CITY COMMISSION AGENDA I FEBRUARY 24, 2020
1959
REGULAR MEETING
TITLE
Pension Investment Advisor Contract Renewal
SUMMARY
AnclCo Consulting (previously The Bogdahn Group) has been providing consulting
services to the Winter Springs' Pension Plan since July 2006. The current contract
has expired, and the Pension Board of Trustees (BOT) has asked to renew it for three
additional years at an annual fee of$31,000 (an increase from $26,000).
On November 14,2019,the BOTvoted unanimouslyto recommend a renewal of the
AnclCo Consulting contract and grant an increase of$S,000 peryear. Staff received
additional quotes for the services, and AnclCo Consulting was the lowest responsive
quote.
The contract will be from January 1, 2020 to December 31, 2022, and will allow for
two one-year extensions.
RECOMMENDATION
Staff recommends the City Commission to approve the renewal of the City's
contract with AnclCo Consulting for pension investment consulting services for a
term of January 1, 2020 through December 31, 2022, renewable for two additional
one-year terms and to direct the City Manager and City Attorney to prepare and
execute any and all applicable documents.