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RESOLUTION NO. 3- 7c.
A RESOLUTION of the City Council of the
City of Port Angeles adopting the Deferred
Compensation Retirement Plan of the Inter-
national City Management Association Retire-
ment Corporation.
WHEREAS, the International City Management Association
Retirement corporation, hereinafter referred to as the "Retire-
ment Corporation" is organized to provide retirement security
particularly to State and Municipal employees whose careers
require periodic changes in employment from one governmental
unit to another; and
WHEREAS, the City of Port Angeles has certain employees
rendering to it valuable services who can benefit by the Retire-
ment Corporation's Plan; and
WHEREAS, the City benefits from this plan by increasing
its ability to attract and retain competent personnel:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Port Angeles as follows:
Section 1. The City of Port Angeles hereby adopts the
Deferred Compensation Retirement Pl~n of the International City
Manager's Association Retirement Corporation and authorizes the
Mayor of the City to execute such documents as may be necessary
to make the plan effective in the City for the benefit of its
employees. This includes the entering into a master trust agree-
ment with the Retirement Corporation authorizing said corporation
to invest and administer the funds that are set aside by the City
in connection with the Deferred Compensation Agreements made by it
with its employees under said Plan.
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PASSED by the City Council of the City of Port Angeles
and approved by its Mayor at a regular meeting of the Council held
on the 3rd day of February, 1976.
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MAY 0 R
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By: -;~ {E,tfcuVa~
~~adan C. Par,rish
..c1. ty Clerk . f >~
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Approved "-as.-t6/FGrm:
BY~ C<~
Stanley A. Taylor
City Attorney
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