Laserfiche WebLink
Councilmember Peterson introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #94-01-005 <br /> <br />RESOLUTION AUTHORIZING PARTICIPATION IN THE ICMA RETIREMENT <br />CORPORATION 457 DEFERRED COMPENSATION PLAN <br /> <br /> WHEREAS, the City of Ramsey City Council adopted Resolutions #86-59 and #91-01-002 <br />relating to establishing and participation in money purchase retirement and deferred compensation <br />plans offered by the ICMA Retirement Corporation; and <br /> <br /> WHEREAS, it is the intention to begin participation in the 457 Deferred Compensation Plan; <br />and <br /> <br />WHEREAS, participation in the ICMA 457 Deferred Compensation Plan is fully voluntary; and <br /> <br />WHEREAS, there is a one time set up fee of $150.00. <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 Council hereby authorizes the Finance Officer to execute the necessary <br />documents and forward payment of the one time fee, not-to-exceed $150.00, to begin <br />participation in the ICMA Retirement Corporation 457 Deferred Compensation Plan. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Zimmerman and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gilbertson <br />Councilmember Peterson <br />Councilmember Zimmerman <br />Councilmember Beyer <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 ~Ci~y~Council this <br />the lath day of January, 1994. <br /> <br /> ~nayor <br /> <br />¢5IJ) 7~dl'fiinistrator <br /> <br /> <br />