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08-22-22 CC Packet
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08-22-22 CC Packet
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8/16/2022 3:07:07 PM
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7/25/2025 3:33:44 PM
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City Meetings
Meeting Body
City Council
Meeting Doc Type
Agenda Packet
Date
8/22/2022
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EXHIBIT 1B <br />FEES FOR SERVICES <br />PARS will be compensated for performance of Services, as described in Exhibit 1A based <br />upon the following schedule: <br />An annual asset fee shall be paidfrom Plan assets based on the following schedule: <br /> For Plan Assets from:Annual Rate: <br /> $1 to $10,000,000 0.25% <br />$10,000,001 to $15,000,000 0.20% <br />$15,000,001 to $50,000,000 0.15% <br />$50,000,001 and above0.10% <br />Annual rates are prorated and paid monthly. The annual asset fee shall be calculated by <br />the following formula \[Annual rate divided by 12 (months of the year) multiplied by the <br />Plan asset balance at the end of the month\]. Trustee and Investment Management Fees <br />are not included. <br />Page 6 <br /> <br />
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