HomeMy WebLinkAbout18-060 - Resolution RESOLUTION NO. 18-060
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO CUCAMONGA, CALIFORNIA, AUTHORIZING THE CITY
MANAGER TO APPOINT A RETIREMENT PLAN COMMITTEE
AND APPROVE ANY POLICIES AND PROCEDURES RELATED
TO THE COMMITTEE.
WHEREAS, the City of Rancho Cucamonga maintains the Rancho Cucamonga
Retirement Savings Plan (the "Plan") for the benefit of their eligible employees; and
WHEREAS, the City Manager of the City of Rancho Cucamonga has the authority to
appoint one or more persons as Plan Administrator to control and manage the Plan's operation;
and
WHEREAS, the City Manager has determined that is in the City's best interests to appoint
as Plan Administrator a Retirement Plan Committee (the "Committee") composed of select
employees of the City; and
WHEREAS, the City Manager wishes to grant authority to the Committee to act on behalf
of the City in a settlor capacity by establishing, amending and/or terminating a plan as deemed
necessary; and
WHEREAS, the City Manager wishes to appoint the Committee and setting out its power,
duties, responsibilities, and general governance procedures.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA,
HEREBY RESOLVES, that effective July 18, 2018, the City Manager may hereby appoint the
Retirement Plan Committee.
RESOLVED FURTHER, the City Manager or his/her designee will monitor the
Committee's activities to ensure that the Committee is meeting its duties and responsibilities as
Plan Administrator.
RESOLVED FURTHER, that the Plan Administrator, hereby is authorized and directed,
for and on behalf of the City to take such further action and execute such additional documents,
and policies and procedures related to the Committee to carry out the foregoing resolutions.
Resolution No. 18-060 - Page 1 of 2
PASSED, APPROVED, AND ADOPTED this 18'h day of July, 2018.
L. Dennis Michaele ,ayor
ATTEST:
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J4iice C. Reynolds, Clerk
STATE OF CALIFORNIA
COUNTY OF SAN BERNARDINO ) ss
CITY OF RANCHO CUCAMONGA )
I, Janice C. Reynolds, City Clerk of the City of Rancho Cucamonga,
do hereby certify that the foregoing Resolution was duly passed, approved, and adopted by
the City Council of the City of Rancho Cucamonga, at a Regular Meeting of said Council held
on the 18'h day of July 2018.
AYES: Alexander, Kennedy, Michael, Spagnolo, Williams
NOES: None
ABSENT: None
ABSTAINED: None
Executed this 19'h day of July, 2018, at Rancho Cucamonga, California.
cif; f_lee.0 47t-C.U6'
&Janice C. Reynolds, Clerk
Resolution No. 18-060 - Page 2 of 2