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EXHIBIT 7 LS 6.2.20 RESOLUTION NO. 2020-xx A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING THE RE -APPOINTMENT OF PARS FOR ADMINISTRATIVE AND INVESTMENT SERVICES WITH PARS AS TRUST ADMINISTRATOR OF THE PLAN AND U.S. BANK AS TRUSTEE OF THE PLAN BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. The City Council of the City of Santa Ana finds determines and declares as follows: A. WHEREAS it was determined to be in the City's best interest and its employees to adopt the City of Santa Ana 3121 Part -Time Social Security Retirement Plan ("the 3121 Plan"), an Alternative to Social Security Plan, administered by Public Agency Retirement Services ("PARS"), for its employees not eligible for membership in the California Public Employees' Retirement System ("CaIPERS"). B. WHEREAS PARS has made a Part -Time Social Security Alternative Retirement Plan available to the City and its employees and qualifies under California Government Code Sections 53215-53224 and 20000, OBRA 90 Section 11332, IRC Sections 3121(b)(7)(F) and 457 and meets the meaning of the term "retirement system" as given by Section 218(b)(4) of the Federal Social Security Act. C. WHEREAS the City issued a Request for Proposals in February 2020 for the record -keeping, communications and investment services for the 3121 Plan and determined that PARS had the most qualified and experienced proposal. D. WHEREAS the City desires to re -appoint PARS as Trust Administrator and Recordkeeper and U.S. Bank as Trustee for the amended and restated City of Santa Ana 3121 Part -Time Social Security Alternative Retirement Plan effective immediately. Section 2. NOW THEREFORE, BE IT RESOLVED THAT: A. The City Council of the City of Santa Ana, pursuant to the City's authority #42262v2 Resolution 2020- 55A-3 Page 1 of 3