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RESOLUTION NO. 5729
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, ADOPTING ICMA RETIREMENT
CORPORATION SECOND DEFERRED COMPENSATION PLAN
THAT THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES
HEREBYf FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1. That the City Council establish a Second Deferred
compensation Plan for said employees of the City of Arcadia and
that said Deferred Compensation Plan remain in effect until
terminated by further resolution of the City Council.
SECTION 2.
That the Second Deferred Compensation Plan be
administered by the ICMA Retirement Corporationf and that the funds
held under such plan be invested in the ICMA Retirement Trust, a
trust established by public employers for the collective investment
of funds held under their Retirement and Deferred Compensation
Plans.
SECTION 3.
That the City of Arcadia hereby adopt the
Declaration of Trust of the ICMA Retirement Trustf intending this
to be operative with respect to any retirement or Deferred
Compensation Plan established by the City if the assets of the Plan
are to be invested in the ICMA Retirement Trust.
SECTION 4.
That the Director of Finance, as Plan
Administrator, may, on behalf of the city execute all Participation
Agreements with said City employees and other eligible officials
and officersf which are necessary for said persons participating
in the Plan,
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SECTION 5. That the City Clerk shall certify to the adoption
of this Resolution.
passed, approved
ATTEST:
Arcadia
cit
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ARCADIA
SS:
If JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby
certify that the foregoing Resolution No. 5729 was passed and
adopted by the city Council of the city of Arcadia, signed by the
Mayor and attested to by the City Clerk at a regular meeting of
said city Council held on the lst day of June, 1993 and that said
Resolution was adopted by the following vote, to wit:
AYES: Councilmember Faschingf Harbichtf Lojeski, Margett and
Ciraulo
NOES: None
ABSENT: None
,0)
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5729