Resolution Number 79-8-15-529
RESOLUTION NO. 79-8-15-5
DEFERRED COMPENSATION PLAN
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING
A DEFERRED COMPENSATION PLAN AND AUTHORIZING
THE EXECUTION OF AGREEMENTS RELATED TO SAID
PLAN
WHEREAS, the City of San Juan Capistrano has in its
employ personnel who are and will be rendering valuable services
to the City; and,
WHEREAS, the City agreed in a Memorandum of Understanding
dated July 20, 1976, to institute a Deferred Compensation Plan;
and,
WHEREAS, the City Council of the City of San Juan
Capistrano has considered the establishment of a Deferred Compensation
Plan and believes its adoption will be in the best interests of
the City by being more able to attract competent personnel to its
service and by providing an opportunity for employees to defer
income for retirement purposes.
NOW, THEREFORE, BE IT RESOLVED, that the City Council
of the City of San Juan Capistrano does hereby establish the said
Deferred Compensation Plan and that said Plan, attached hereto as
Exhibit "A", and made a part hereof by reference, shall be, and
is the same hereby approved and adopted.
BE IT FURTHER RESOLVED, that the City Manager or his
authorized representative shall execute all participation agreements
' with employees and other eligible officials and officers which
are necessary for participation in the Plan, an example of which
appears in Exhibit "B", attached hereto and made a part hereof by
reference.
BE IT FURTHER RESOLVED, that the Director of Administrative
Services is hereby appointed to administer the Plan for and on
behalf of the City and that the City Treasurer is hereby authorized
to deposit any accumulations of said deferred monies in such
investments as deemed appropriate for the protection of principal
and adequate return on investment and in accordance with all
applicable local, state and federal laws and statutes.
PASSED, APPROVED AND ADOPTED this 15th day of
August , 1979, by the following vote, to wit:
AYES: Councilmen Hausdorfer, Schwartze, Thorpe,
Buchheim and Mayor Friess
NOES: None
ABSENT: None
' KENNETH E. FRIESS, OR `
ATTEST:
MOVI W
�S
-1-
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, California, DO HEREBY CERTIFY that the foregoing is a
true and correct copy of Resolution No. 79-8-15-5 , adopted by
the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 15th day of
August , 1979•
(SEAL)
MARY ANN !,HOOVER, ITY CLERK
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO }
MARY ANN HANOVER, being first duly sworn, deposes
and says:
That she is the duly appointed and qualified City
Clerk of the City of San Juan Capistrano;
That in compliance with State laws of the State of
California and in further compliance with City Resolution
No. 79-2-21-7 and on the 17th day of August 1979 ,
she caused to be posted:
RESOLUTION NO. 79-8-15-5
being: DEFERRED COMPENSATION PLAN
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING
A DEFERRED COMPENSATION PLAN AND AUTHORIZING
THE EXECUTION OF AGREEMENTS RELATED TO SAID
PLAN
in three (3) public places in the City of San Juan Capistrano,
to wit:
The Administration Building;
The San Juan Hot Springs Dance Hall;
The Orange County Public Library.
CHECK LIST �`/- F=/j-- y
ORD. NO............ RES. NO............
........ � Mayor has signed
........ Clerk has signed
......../... City Seal stamped
........ All blanks typed in
"Abs „ ent" ..............................................
«Nose ........................... ........................
........1 Typed in Official Record Book
...... ....... I Posted to Classified arda / IL
............. Copies sent to
.3„�Z'.?j..............
r.
i................................................
.............. Legal Publication ordered to be published
(date)..............................................................
No. Affidavits ..................................................
No, Printed copies required ..'V ....................
Remarks ./.1�r:........a.d.�A C.T1h�........
H � -2-
MARY
ANN
HANOVER, Cit
Cle
San
Juan
Capistrano, &lifo
is