HomeMy WebLinkAbout1981-05-26; City Council; Resolution 65331
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RESOLUTION NO. . 6533
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE CITY MANAGER
TO EXECUTE AN ADMINISTRATIVE AGREEMENT WITH THE
CALIFORNIA FEDERAL SAVINGS AND LOAN FOR THE PURPOSE OF
PROVIDING A DEFERRED COMPENSATION-PLAN.
Whereas the City of Carlsbad has established a Deferred
Compensation Investment Plan for all full-time City employees;
and
Whereas this Plan authorized the City to select various
investment pliins or vehicles for the deposit of deferred earn-
ings; and
Whereas California Federal Savings and Loan offers such a
plan; and
Whereas it is in the City's interest to offer the Calif-
ornia Federal Savings and Loan Plan to the City's employees;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad, that the City Manager is hereby authorized to
enter into the attached agreement with California Federal
Savings and Loan for the provision of deferred compensation
investment vlehicles. The City Manager or his designee will act
as the City's Administrator in all deferred compensation
matters.
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adjourned
PASSED, APPROVED AND ADOPTED at a/regular meeting of the
-26th day of ity Council of the City of Carlsbad held on the
-- - , 1981, by the following vote, to wit:
AYES :
NOES: None
ABSENT: Council Meniber Casler
Council Vders Packard, hear, Lewis and Kuldhin
LTTEST:
(SEAL)