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Councilmember Beyer introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #91-01-002 <br /> <br />RESOLUTION FOR A LEGISLATIVE BODY RELATING TO A MONEY <br />PURCHASE RETIREMENT PLAN <br /> <br /> WHEREAS, the City of Ramsey desires that its money purchase retirement plan be <br />administered by the ICMA Retirement Corporation and that the funds held under such plan be <br />invested in the ICMA Retirement Trust, a trust established by public employers for the collective <br />investment of funds held under their money purchase retirement plan and deferred compensation <br />plans. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the City of Ramsey hereby executes the Declaration of Trust of the ICMA Trust, <br />attached hereto. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Peterson and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gilbertson <br />Councilmember Beyer <br />Councilmember Peterson <br />Councilmember Cich <br />Councilmember Hardin <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Co. uncil this <br />the 8th day of January, 1991. /~~~,, ~. _~_~r~~~. <br /> <br />ATTEST: <br /> <br />Ciiy Administrator <br /> <br /> <br />