HomeMy WebLinkAbout98-018 - ResolutionsRESOLUTION NO. 98-018
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA EVIDENCING ITS INTENT TO ENTER
INTO A CONTRACT BETWEEN THE CITY OF RANCHO
CUCAMONGA AND ICMA RETIREMENT CORPORATION FOR
THE PURPOSE OF ESTABLISHING A 401 (a) MONEY
PURCHASE PLAN FOR THE EMPLOYEES OF THE CITY OF
RANCHO CUCAMONGA AND FOR THE PURPOSE OF
ESTABLISHING A PLAN COORDINATOR
WHEREAS, the City of Rancho Cucamonga ("City") has met with representatives
of ICMA Retirement Corporation ("ICMA") for the purpose of establishing a 401 (a) money purchase
plan ("Plan") in which City employees may participate, and
WHEREAS, the Plan is a qualified defined contribution pension plan, and
WHEREAS, the City is desirous of making the Plan available for all City employees
in which to participate, and
WHEREAS, the City has appointed the Administrative Services Director to be the
plan coordinator.
NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Rancho
Cucamonga does hereby approve the entry into the contract between the City and ICMA for the
purpose of establishing a 401(a) money purchase plan.
BE IT FURTHER RESOLVED that the City Council of the City of Rancho
Cucamonga does hereby approve the appointment of the Administrative Services Director as plan
coordinator.
PASSED, APPROVED, AND ADOPTED this 4th day of February, 1998.
Alexander, Biane, Curatalo, Williams
AYES:
NOES: None
ABSENT: None
ABSTAINED: None
William J/~xander, Mayor
Resolution No. 98-018
Page 2
ATTEST:
' ebr~a ,~C, CityClerk
I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California,
do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City
Council of the City of Rancho Cucamonga, California, at a regular meeting of said City Council held
on the 4th day of February, 1998.
Executed this 5th day of February, 1998, at Rancho Cucamonga, California.
Debra J. Adams, CMC, City Clerk