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. ,., .+ . _ . ;;� Ci.t� of ORONO l • RESOLUTION OF THE CITY COUNCIL ;�R � NO. 1761 � - • • � RESOLUTION • - CITY OF ORONO ' SENNEPIN COIINTY, MINNESOTA RESOLIITION AUTHORIZING AGREEMENT WITH CITY ADMINISTRATOR RELATING TO DEFERRED COMPENSATION ' s WHEREAS , Mark E. Bernhardson ( "Bernhardson" ) , City Administrator of the City of Orono has elected to be excluded from membership in the Public Employees Retirement Association, which election has been appro�ved by tlie City Council; and WHEREAS, prior to such action the City has contributed an employer's contribution to the Public Employees Retirement Association for his account in accordance with Minnesota Statutes, Section 353.27, • Subdivisions 3 & 3a; and, WHEREAS, by reason . of such election, the City's employer contribution to P�!tA on his account will cease; and, , WHEREAS, Minnesota Statutes, Section 353.028, Subdivision 3, , provides as follows: "DEFERRED COMPENSATION: CITY CONTRIBUTION. If an election of exclusion is made, and if the City Manager and the governing body of the City agree in writing that the additional compensation is to be def erred and sha 1 1 be contributed on beha 1 f. of the City _ Manager to a deferred compensation program which meets the re- quirements of Section 457 of the Internal Revenue Code of 1954 , as amended through December 31, 1980, the governing body may . compensate the City Manager, in addition to the salary allowed under any limitation imposed on salaries by law or charter, in an ' � amount equal to the employer contribution which would be required by Section 353.27 , Subdivision 3, if the City Manager were a member of the association. NOW, THEREFORE, BE IT RESOLVED by •the City Counci 1 of the - City of Orono, Minnesota, as follows: . � � � a . . page 1 of 2 � �