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MINUTES OF THE REGULAR ORONO COUNCIL MEETING - OCTOBER M 1991 <br />(w #16) ADDITIONAL DEFERRED COMPENSATION PLAN — <br />RESOLUTION #3029 <br />It was moved by Mayor Peterson, seconded by Jabbour, to adopt <br />Resolution #3029 authorizing the addition of the U.S. Conference <br />of Mayors Deferred Compensation Program to the City of Orono <br />Deferred Compensation Plan. Ayes 4, nays 0. <br />Callahan asked why the resolution encompassed elected officials. <br />Kuehn noted that this is the only plan that would allow the <br />Council to participate. <br />Callahan asked how a resolution could be passed that involved the <br />Council. <br />Kuehn noted that it is strictly voluntary and therefore it could <br />be done. <br />Callahan asked who is considered the administrator of the funds. <br />Kuehn noted that he is only the liason between the employees and <br />the plan. The employees select their own investment groups. <br />Callahan asked if the Council is in any way responsible for the <br />selection of the investment groups. <br />Moorse said he would check into it but would assume they are-- not." <br />Barrett indicated that since the plan was selected by the City, <br />the City therefore could be sued. <br />Callahan directed staff to investigate the City's liability. <br />Mayor Peterson asked if there was a disclaimer form that <br />participants would sign. <br />Barrett asked if she meant a hold harmless agreement, and noted <br />that he would check into how they could minimize liability. <br />(w #16) CERTIFICATION OF DELINQUENT SEPTIC INSPECTION FEES, SEWER <br />AND WATER UTILITY ACCOUNTS AND RECYCLING PROGRAM FEE — <br />RESOLUTION #3030 <br />It was moved by Mayor Peterson, seconded by Jabbour, to adopt <br />Resolution #3030 providing for the collection of delinquent <br />charges for 1991 sewer and water utility services and annual <br />septic inspection and recycling program fees. Ayes 4, nays 0. <br />16 <br />