HomeMy WebLinkAbout1972 Resolution No. 063I
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m;:~CH .ll'T'T0 tf N 0. _6_1_, ::>F.RIF.S OF 1 9 7 ?
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WHF.RF.A~, t h P C1 ty has :f n its e mploy, :)tanley H. Dial, ln the pos1tion
or C l Ly Ma11a 1~t ·t·; :u 1LI
WHEREAS , s aid S t a nley H. Dial is and will be rendering valuable services
to the City ; and
RE AS , the City has enacted Ordinance No. 37, Series of 1972, authorizing
Council to esta bl ish o p tional pension or deferred compensation plans for employees
aopointed by Coun cil, at their r eque s t; and
REAS , t he I nt e rnation a l City Management Association -Retirement Corporation
(CMA -1\C ) ls s uch a Dcrcri·e<.J Co mpe n s at i on Plan as contemplated by Ordinance No. 37,
Ser ies of 1 972 ; and
Wll EREAS , the Ci t y Man a~e r, r e co ~ni z in B that certain income tax benefits accrue
to him through the partici p ation in said plan, has given written notice of his desire
to chan~e to the said IC MA-RC plan; and
EREAS , t he City reco g nizes that the tax advantages of said plan to the City
ana~er constit u tes a be n ef it t o the City by allowing the City to offer an additional
ringe benefit" i n r e cru iting a nd r e taining qualified personnel in its employ at no cost
r char1~c· t,o l it<· C 1
, ·r111-:1rn1··0 1m , Bi': J '.I' 1H·::_;u 1.,v1 m UY '1'111 ·: Cl 'J'Y COUNC I L Of•' 'l 'llE C I 'I'Y 01 •' ENGLEWOOD,
COLORADO , as foll ows:
ection 1 .
Tha t the City establish the said Deferred Compensation Plan (ICMA-RC) for the
1ty Mana ~c r , Stanley H. n ia l, nn d , for this purpose, a~r ee to the followin ~:
Section 2 .
1 . The Trust Agreement with the International City Management
Reti r e me nt Corporation, attached hereto as Appendix "A"; and
2 . Th e Deferred Compensation Employment Agreement, attached hereto
as App endix "B".
The Ma y or and all other proper officers, Boards, and employees of the City
s h a ll e x e cut e s uch a g reements and documents, transfer all proper funds, an~do all acts
necessary to eff ect the purpose of this Resolution.
l\DO PTF.O AND l\PPRO V F.D 'J'HT.
ATT ES T :
-'!'reasurer
1 8 DAY OF DECEMBER, 1972.
ftfayor ..
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In the Matter of : ESTABLISHING A
DEFERRED COMPF.NS1'TTON PT.1'N FOR
Sta nley H. Di a l
(City Man-a g er)
NO.
I, Karl Nollenberger, Ci ty Cl erk o f th e City of En g lewood, Colorado, do hereby certify
that the resolution pro po s e d by Councilmember Schwab, and seconded by Councilmember
Henning , was duly p a s sed and adopted by the Council of the City of Englewood, Colorado,
at a reg ular meetin~ t her eof a s semb l e d this 18th day of December, 1 972, by the following
V O
AYE S : Council mb e rs S chwab , He n ning , Dhority, Brown, Senti, Blessing .
AY S : No n"".
onr-.
k:. ~ '"' 0 ~-\,"-<--,k · \ Karl Nollenberger
City Clerk of the City of Englewood
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