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:� ' . � clt o� oR,oNO - �. � • , RESOLUTION OF THE CITY COUNCIL �� '": . , NO. 1759 � • � • • . . A R$SOLUTION ESTABLISHING A DEFERRED COMPENSATION PLAN � � WHEREAS, the Employer has employees rendering� valuable services; and , WHEREAS, the establishment of a deferred compensation plan for such employees will serve the interests of the Employer by enabling it to provide reasonable retirement security for its employees, by providing increased flexibility in its personnel . management system, and by assisting in the attraction and retention of competent personnel; and •• WHEREAS , the Employer has determined that the establishment of a deferred compensation plan to be administered by the ICMA Retirement Corporation will serve the above objectives, and WHEREAS, the Employer desires that the investment of funds held under its deferred compensation plan to be administered by the ICMA Retirement Coproration, as Trustee, with " the understanding that such funds wi 11 be held by the ICMA �'1 Retirement Trust, a trust established by public employers for the purpose of r�pre.senting the interests of sach employers with . respect to the collective investment of funds held under their deferred compensation plans:� NOW THEREFORE BE IT RESOLVED that the Employer adopts the deferred compensation plan, attached hereto as Appendix A, a�nd 'appoints the ICMA Retirement Corporation to serve as Administrator thereunder; and BE IT FURTHER RgSOLVED that the Employer hereby executes the ICMA Retirement Trust, attached hereto as Appendix B; and - BE IT FURTHER RESOLVED that the Employer hereby adopts the trust ag,reement, attached hereto as Appendix C, and appoint the ICMA Retirement Corporation as Trustee thereunder, and • � page 1 of 2