HomeMy WebLinkAbout1985 Resolution No. 053RESOLUTION NO. _�5<5
SERIES OF 1985
A RESOLUTION APPROVING ESTABLISHMENT OF A MONEY PURCHASE PLAN FOR
MANAGEMENT STAFF OF THE CITY OF ENGLEWOOD.
WHEREAS, the City of Englewood has previously adopted the
ICMA Retirement Corporation deferred compensation plan for the
management staff of the City of Englewood; and
WHEREAS, the City of Englewood wishes to establish a money
purchase plan to cover those of the management staff who desire it
in whole or in part; and
WHEREAS, the City of Englewood intends to withdraw from the
ICMA Retirement Corporation deferred compensation plan those of the
management staff who desire to change to the money purchase plan in
whole or in part.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ENGLEWOOD, COLORADO:
Section 1. That the establishment of a money purchase plan
for City of Englewood management staff is hereby approved in the
form of the ICMA Retirement Corporation Prototype Money Purchase
Plan and Trust.
Section 2. That those members of the management staff who
desire to withdraw from The ICMA Retirement Corporation deferred
compensation plan and participate in the money purchase plan and
hereby authorized to do so in whole or in part.
Section 3. The ICMA Retirement Corporation Prototype Money
Purchase Plan and Trust shall be maintained for the exclusive
benefit of eligible employees and their beneficiaries, and the City
Manager is hereby authorized to execute all necessary documents.
ADOPTED AND APPROVED this 18th day of November, 1985.
c%
__ 6az�
Eug ne L. Otis, Mayor
Attest:
ex officio ty Cle k-T,dasurer
I, Gary R. Higbee, ex officio City Clerk -Treasurer of the
City of Englewood, Colorado, hereby certify that the above and
foregoing is a true, accurate and complete copy of Resolution
No. j,3 , Series of 1985.
/s/ Gary R. Higbee
Gary R. Higbee