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CITY <br />OF <br />ORONO <br />City of ORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. <br />RESOLUTION <br />CITY OF ORONO <br />HENNEPIN COUNTY, MINNESOTA <br />RESOLUTION AUTHORIZING AGREEMENT <br />WITH CITY ADMINISTRATOR RELATING <br />TO DEFERRED COMPENSATION <br />WHEREAS, Mark. E. Bernhardson ("Bernhardson"), City <br />Administrator of the City of Orono has elected to be excluded from <br />membership in the Public Employees Retirement association, which <br />election has been approved by the City Council; and <br />WHEREAS, prior to such action the City has contributed an <br />employer'. contribution to the Public Employees retirement Association <br />for his account in accordance with Minnesota Statutes, Section 353.27, <br />Subdivisions 3 6 3a; and, <br />WHEREAS, by reason of such election, the City's employer <br />contribution to PERA on his account will cease; and, <br />WHEREAS, Minnesota Statutes, Section 353.028, Subdivision 3, <br />provides as follows: <br />"DEFERRED COMPENSATION: CITY CONTRIBUTION. If an election of <br />exclusion is made, and if the City Manager and the governing body <br />of the City agree in writing that the additional compensation is <br />to be deferred and shall be contributed on behalf of the City <br />Manager to a deferred compensation program which meets the re- <br />quirements of Section 457 of the Internal Revenue Code of 1954, <br />as amended through December 31, 1980, the governing body may <br />compensate the City Manager, in addition to the salary allowed <br />under any limitation imposed on salaries by law or charter, in an <br />amount equal to the employer contribution which would be required <br />by Section 353.27, Subdivision 3, if the City Manager were a <br />member of the association. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the <br />City of Orono, Minnesota, as follows: <br />