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� ' [ <br /> .F� <br /> , <br /> . �. . � Ci.t� of:ORONO <br /> �. <br /> � '� RESOWTION OF THE CITY COUNCIL <br /> <i� � NO. 1761 <br /> ,�_ <br /> � <br /> :�� ' • • <br /> 1. In� addition to the City Adminis�trator's salary now in effect <br /> or which may hereafter be established from time to time as his <br /> � stated salary, shall be compensated in an additional amount equal <br /> to the employer contribution which would be required by Minnesota <br /> Statutes, Section 353.27 , Subdivision 3 and 3a, if he were a <br /> member of the Public Employees Retirement Association subject, <br /> however, to the provisions of the following paragraph of this <br /> resolution. <br /> 2. Such additional compensation shall be paid only if and during <br /> the t�.«� that there is an agreement between City and Bernhardson <br /> wherein it is agreed in writing that the additional compensation' <br /> is to be deferred and shall be contributed on behalf of <br /> � Bernhardson to a deferred compensation program which meets the <br /> requirements of Section 457 of the Internal Revenue Code of 1954, <br /> � as amended through December 31, 1980. <br /> � 3 . The Mayor, acting for and in behalf of the City, is <br /> authorized anci directed to enter into an agreement of a type <br /> described in the foregoing paragraph no. 2 with Bernhardson. <br /> Upon the execution of such agreement, the Mayor, City Admin- <br /> istrator and other appropriate officials of the city are <br /> authorized to take the actions necessary to give effect to the <br /> provisions of such agreement. . <br /> ADOPTED, this the 13th day of May, 1985 , by the City <br /> Council�, City of Orono. � <br /> Signed: � <br /> � ' Mary . B�t er, Mayor <br /> ATTEST• - <br /> � � <br /> Mar�C E. Be nhardson, <br /> City Administrator . <br /> � � . <br /> page 2 of 2 � <br />