R-74-244•
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RESOLUTIONS N ° 367
RESOLUTION NO. 244
RESOLUTION OF THE CITY OF CLERMONT,
FLORIDA
In the Matter of: ESTABLISHING A
DEFERRED COMPENSATION PLAN
I, Dolores W. Carroll, Clerk of the City of Clermont, Florida, do hereby certify
that the following resolution, proposed by Council Member Oswalt
and seconded by Council Member Byrd was duly passed and adopted by
the Council of the City of Clermont at a regular meeting thereof assembled this 12th
day of November, 1974, ~y the fo llowing vote:
AYES: Oswalt, Byrd, Schroedel, Blackburn and Smeak
NAYES: None
ABSENT: None
(SEAL)
C erk of the City of C ermont
WHEREAS, the City has previously established the ICMA Retirement Corporation's
deferred compensation plan for certain of its employees; and
WHEREAS, the ICMA Retirement Corporation has requested that certain amendments be
made to said plan; and
WHEREAS, said amendments assist the City by simplifying the administration of
said plan; and
WHEREAS, the City will assist its employees, at no cost to itself, by the
incorporation into said plan additional attractive features.
NOW, THEREFORE, BE IT RESOLVED that the City amend its Trust Agreement with the
ICMA Retirement Corporation by substitution therefor the Deferred Compensation Plan,
attached hereto as Appendix A, and hereby authorizes its Mayor to execute the Deferred
Compensation Plan with the International City Management Association Retirement
Corporation; and
IT IS FURTHER RESOLVED that the City Clerk may, on behalf of the City execute all
Joinder Agreements with said employees and other eligible officials and officers,
which are necessary for said persons participation in the plan, an example of
which appears at Appendix B, except that any Joinder Agreement for said designated
official shall be executed by the Mayor.
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RESOLUTIONS N °_ 3 6 8
RESOLUTIOPd P~0. 144
ADOPTED THIS 12th day of November 1974 by the City Council of the
City of Clermont, Florida
Chairman of the City Council
ATTEST:
City Clerk