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21-024TR
| 1 | 6. | February 25, 2021 Board Meeting Minutes | TR-Agenda Item | Recommendation to approve the minutes of the regular session meeting held on February 25, 2021. | | |
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21-025TR
| 1 | 7. | Monthly Financial Report | TR-Agenda Item | Monthly Financial Report. (Lisa Patton)
INFORMATION ITEM | | |
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21-026TR
| 1 | 8. | Disadvantaged Business Enterprise Program Overview | TR-Agenda Item | Disadvantaged Business Enterprise Program Overview. (Kellie Irving)
INFORMATION ITEM | | |
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21-027TR
| 1 | 9. | Public Agency Retirement Services for Contract Employees | TR-Agenda Item | Recommendation to
1) Adopt the resolution authorizing the transition to the Public Agency Retirement System Trust as the qualified trust program for the Retirement Plan for Contract employees:
- Appoint Public Agency Retirement Services (PARS) as trust administrator of the Plan and U.S. Bank National Association as trustee and custodian of plan assets;
- Appoint LBT’s President and CEO or his/her successor or his/her designee to serve as Plan Administrator for the Plan and authorize LBT’s President and CEO to execute legal and administrative documents on behalf of LBT for the Plan and serve as the intermediary between the Plan Pension Committee and PARS;
- Terminate LBT’s relationship with Farmers and Merchants Bank as plan trustee and Fidelity Investments as plan custodian once assets have completely transferred to the Public Agency Retirement System Trust.
2) Authorize the President and CEO to enter into a contract with PARS for administrative services in conjunction with the Plan, which will continue unchanged for successive twelve-month periods following the Term unless ei | | |
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21-028TR
| 1 | 10. | Public Agency Retirement Services for Salaried Employees | TR-Agenda Item | Recommendation to
1) Adopt the resolution authorizing the transition to the Public Agency Retirement System Trust as the qualified trust program for the Retirement Plan for Salaried employees:
- Appoint Public Agency Retirement Services (PARS) as trust administrator of the Plan and U.S. Bank National Association as trustee and custodian of plan assets;
- Appoint LBT’s President and CEO or his/her successor or his/her designee to serve as Plan Administrator for the Plan and authorize LBT’s President and CEO to execute legal and administrative documents on behalf of LBT for the Plan and serve as the intermediary between the Plan Pension Committee and PARS;
- Terminate LBT’s relationship with Farmers and Merchants Bank as plan trustee and Fidelity Investments as plan custodian once assets have completely transferred to the Public Agency Retirement System Trust.
2) Authorize the President and CEO to enter into a contract with PARS for administrative services in conjunction with the Plan, which will continue unchanged for successive twelve-month periods following the Term unless e | | |
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21-029TR
| 1 | 11. | Leasing Guidelines for 4801 Airport Plaza Drive | TR-Agenda Item | Recommendation to approve the Leasing Guidelines for 4801 Airport Plaza drive, Long Beach, CA 90815, and to confirm delegation of authority to the President and CEO to negotiate leases for the Property consistent with the Leasing Guidelines. (Lisa Patton) | | |
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21-030TR
| 1 | 12. | Battery-Electric Bus Purchase | TR-Agenda Item | Recommendation to authorize the President and CEO to enter into a contract with New Flyer of America, Inc., for the purchase of 20, 30-35 foot battery-electric buses (BEB) with options for up to 20 additional BEBs for an initial cost of $21,836,559, with a 5% contingency of $1,091,828, for a total authorization amount not to exceed $22,928,387. (Kenneth McDonald) | | |
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