HomeMy WebLinkAbout1981-05-26; City Council; Resolution 65341
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RESOLUTION NO. 6534
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CARLSBAD, CALIFORNIA, AUTHORIZING THE CITY MANAGER
TO EXECUTE VARIOUS AGREEMENTS WITH THE INTERNATIONAL
CITY MANAGERS' ASSOCIATION - RETIREMENT COPORATION
(ICMA-RC) FOR THE PURPOSE OF PROVIDING A DEFERRED
EMPLOYEES OF THE CITY OF CARLSBAD.
COMPENSATION PLAN AND INVESTMENT VEHICLES ~. TO ._ THE __
Whereas the City of Carlsbad has established a Deferred
Compensation Plan for all full-time employees; and
Whereas this Plan authorizes the City to select various
investment plans or vehicles for the deposit of deferred earn-
ings; and
Whereas the ICMA-RC offers a deferral compensation plan anc
investment vehicles which are consistent with the City's exist-
ing Deferred Compensation Plan; and
Whereas it is the City's interest to offer the ICMA-XC Plar
to the City's Employees;
NOW, THEREFORE, BE IT RESOLVED as follows:
1. The City Council does hereby adopt the ICMA-RC Deferrec
Compensation Plan as attached to this resolution. This Plan if
to be administered by the City Manager when depositing funds to
the ICMA-RC investment vehicles.
2. That the City Manager is hereby authorized to execute
the attached Deferred Compensation Agreement with the ICMA-RC.
The City Manager or his designee will act as the administrator
of this alternative in the City's Deferred Compensation Plan.
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PASSED, APPROVED AND ADOPTED at alregular meeting of the
:ity Council of the City of Carlsbad held on the 26th day of
*Y-- - - ’, 1981, by the following vote, to wit:
AYES : ctxmcil Menbers Packard, Anear, Ws and Kulchin
NOES: None
ABSENT: Council Wer Cask
ATTEST:
:SEAL)