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tJ4:l,Cbriat. <br />' To/1-2 /5 (12) <br />• <br />7 <br />11 <br />21 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29, <br />30 <br />31 <br />32 <br />RESOLUTION N0, 4918 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />NEWPORT BEACH AUTHORIZING THE MMCUTION OF A <br />CONTRACT WITH COATES, HERFURTH AND ENGLAND, <br />CONSULTING ACTUARIES <br />WHEREAS., the City of Newport Beach has a contract with <br />the State Employees' Retirement System under which it is necessary <br />to have an actuarial survey periodically to establish the rate of <br />contributions and <br />tTHEREAS, the State Employees' Retirement System has <br />presented a contract under which Coates, Herfurth and England, <br />Consulting Actuaries, agree to make the necessary survey and to <br />determine the approximate cost to the City of amending the contract <br />to provide a dependent benefit upon the death of an active member <br />qualified to retire at a probable cost to the City of $439,908 and <br />WHEREAS, the City Council has reviewed the terms of the <br />contract and found them to be fair and equitable and in the best <br />interests of the City; <br />NOJ, THEREFORE, BE IT RESOLVED by the City Council of the <br />City of Newport Beach that said contrast be approved and that the <br />Mayor and City Clerk be authorized and directed to execute the same <br />on behalf of the City, <br />BE IT FURTHER RESOLVED that a certified copy of this <br />resolution be attached to each copy of the contract returned to <br />the State Employees' Retirement System, <br />This resolution was adopted by the City Council of the <br />City. of Newport Beach at a regular meeting on the 12th day of <br />Jandiaby;-1959, by the following vote, to wit- <br />Hart,, r AYES, COUNCILMEN- Lorenz,, Somers,, <br />f. Kingsley, Atkinson, Higbie, Stoddard <br />° 1 � <br />NOES.* COUNCILMEN. None <br />ABSENT COUNCILMEN: None <br />A n /i <br />