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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: tTh WWIlI LC • d!1 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