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<br />! ! <br /> <br />H <br />I.... <br /> <br />G.... lot <br /> <br />Ii <br />Ii <br /> <br />RESOLUTION NO. 88- 1 22 <br /> <br />:i <br /> <br />STATE OF MINNESaI'A <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />,'; <br />RESOLUTION M:)])IFYING CITY I S AGREEMENT WITH lCMA <br /> <br />Whereas, the City participates in the lCMA deferred canpensation program; <br /> <br />Ii Whereas, participation in this program is of benefit as it provides a <br />,i <br />I i reasonable retirement option; <br />I <br /> <br />i <br /> <br />Whereas, the City desires that the investment of funds held under its defer4ed <br />canpensation plan be administered by the lCMA Retirement Corporation and that i <br />such funds be held by the ICMA Retirement Trust; a trust established by public: <br />employers for the collective investment of funds held under their deferred i <br />canpensation plans and money purchase retirement plans; <br /> <br />Now, therefore be i t resolved that the City hereby executes the Declaration <br />of Trust of the ICMA Retirement Trust attached hereto as Appendix B. <br /> <br />1: <br /> <br />NOW", therefore be it further resolved that the City Manager and Finance <br />, Director shall be the coordinator of this program and shall receive necessary : <br />, reports, notices, etc fran the leMA Retirement Corporation or the I01A Retire- . <br />ment Trust, and shall cast, on behalf of the City, any requires votes under <br />the prog-ram. Administrative duties to carry out the plan may be assigned as <br />appropriate. <br /> <br />Adopted this <br /> <br />25th <br /> <br />day of October. 1988 <br /> <br />ATmST: <br /> <br />:~ <br /> <br /> <br />Finance Director/ <br />City Clerk <br /> <br />