Resolution Number 87-9-1-1RESOLUTION NO. 87-9-1-1
WITH
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN
JUAN CAPISTRANO, CALIFORNIA, ESTABLISHING A DEFERRED
COMPENSATION PLAN WITH THE HARTFORD VARIABLE
ANNUITY INSURANCE COMPANY
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WHEREAS, the City of San Juan Capistrano (herein referred to as "Employer")
has employees rendering valuable services; and,
WHEREAS, the establishing of a deferred compensation plan for such
employees will serve the interests of the Employer by enabling it to provide reasonable
retirement security for its employees, by providing increased flexibility in its personnel
management system, and by assisting in the attraction and retention of competent
personnel; and,
WHEREAS, the Employer has determined that the establishment of a deferred
compensation plan to be administered by the Hartford Variable Annuity Life Insurance
Company will serve the above objectives; and,
WHEREAS, the Employer desires that the investment of funds held under its
deferred compensation plan be administered by the Hartford Variable Annuity Life
Insurance Company, as Trustee.
NOW, THEREFORE, BE IT RESOLVED, that the Employer authorizes the
Director of Administrative Services to act on its behalf to make necessary application to
and sign administrative documents to enter into an agreement with Hartford Variable
Annuity Life Insurance Company. These documents include the Master Application,
Supplemental Information document and Administrative Services Agreement, Attached
hereto by reference as Appendices A, B, and C, respectively.
BE IT FURTHER RESOLVED, that the Director of Administrative Services
shall be the coordinator for this program and shall receive necessary reports, notices,
etc. from the Hartford Variable Annuity Life Insurance Retirement Corporation as
Administrator. Administrative duties to carry out the plan may be assigned to the
appropriate departments.
PASSED, APPROVED, AND ADOPTED this 1st day
of September ,1987.
NTHONY . AND,MAYOR
ATTEST:
ITY CLERI
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, City Clerk of the City of San Juan Capistrano, '1,
California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of
Resolution No. 87-9-1-1 1 1 adopted by the City Council of the City of San Juan
Capistrano, California, at a regular meeting thereof held on the 1st day
of September , ,,, 1987, by the following vote:
AYES: Councilmen Friess, Buchheim, Hausdorfer, Schwartze,
and Mayor Bland
NOES: None
ABSENT: None
(SEAL)
MARY ANN NOVER, CITY CLERK
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