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<br />'-' <br /> <br />) <br /> <br />I.. <br /> <br />RESOLUTION NO. 03-023 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />;; RESOLUTION APPROVING THE ICMA V ANTAGECARE RETIREMENT <br />HEALTH SAVINGS (RHS) PROGRAM, PLAN NUMBER 8800112, FOR THE CITY <br />: OF NEW BRIGHTON, MINNESOTA. <br /> <br />. WHEREAS, the City of New Brighton has employees rendering valuable services; and <br /> <br />WHEREAS, the establishment of a retiree health savings plan for such employees serves the <br />interests of the City of New Brighton by enabling it to provide reasonable security regarding <br />such employees' health needs during retirement, by providing increased flexibility in its <br />.: personnel management system, and by assisting in the attraction and retention of competent <br />.! personnel; and <br /> <br />WHEREAS, the City of New Brighton has determined that the establishment of the retiree <br />health savings plan (the "Plan") serves the above objectives; <br /> <br />NOW, THEREFORE BE IT RESOLVED, that the City of New Brighton hereby adopts <br />the Plan in the form of the I CMA Retirement Corporation's VantageCare Retirement Health <br />Savings program. <br /> <br />BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with the <br />City of New Brighton serving as trustee, for the exclusive benefit of Plan participants and <br />their beneficiaries, mid the assets of the Plan shall not be diverted to any other purpose prior <br />to the satisfaction of all liabilities of the Plan. The City of New Brighton has executed the <br />Declaration of Trust of the City of New Brighton Integral Part Trust in the form of the model <br />trust made available by the ICMA Retirement Corporation <br /> <br />BE IT FURTHER RESOLVED, that the Assistant City Manager shall be the coordinator <br />and contact for the Plan and shall receive necessary reports and notices. <br /> <br />Adopted by the City Council this 11th day of March, 2003. <br /> <br />,..~ <br />" <br />. ~GY\ <br /> <br />'. <br /> <br />Steve Larson, Mayor <br /> <br />~~W~Manager <br /> <br />A TrEST: <br />~~ <br />.,.'" .-:.,...-."-./ <br />,/~.t<r" '. C <br /> <br />'~ <br /> <br />(: /{ < ).li:/l( tt..L. <br /> <br />Daniel A. Maiers. Director of Finance and Support Services <br />