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3/88 ATTACHMENT NOT WITH RESOLUTION <br /> <br />EJC:adg <br />9/29/80 <br /> <br />RESOLUTION NO. 80- 170 <br /> <br /> A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA ESTABLISHING <br />A DEFERRED COMPENSATION PLAN WITH THE <br /> INTERNATIONAL CITY MANAGEMENT <br /> ASSOCIATION RETIREMENT CORPORATION <br /> <br /> WHEREAS, the City of Santa Ana has in its employ a <br />City Manager; and <br /> <br /> WHEREAS, said employee is and will be rendering <br />valuable services to the City of Santa Ana; and <br /> <br /> WHEREAS, the City of Santa Ana has considered the <br />establishment of a Deferred Compensation Plan by Resolution <br />No. 80-89 for said employee made available to the City and <br />to said employee by the International City Management <br />Association Retirement Corporation; and <br /> <br /> WHEREAS, said employee is unable to acquire <br />retirement security under other existing and available <br />retirement plans due to the contingencies of employment <br />mobility; and <br /> <br /> WHEREAS, the City of Santa Ana receives benefits <br />under said plans by being able to assure reasonable <br />retirement security to said employee, by being more able to <br />attract competent personnel to its service, and by <br />increasing its flexibility in personnel management through <br />elimination of the need for continued employment for the <br />sole purpose of allowing an employee to qualify for <br />retirement benefits. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> 1. That the City of Santa Ana does hereby <br />establish said Deferred Compensation Plan for said employee <br />and hereby authorized the Mayor to execute the Deferred <br />Compensation Plan with the International City Management <br />Association Retirement Corporation, a copy of which is <br />attached hereto as "Appendix 1." <br /> <br /> 2. That the Mayor is hereby authorized to execute <br />a Joinder Agreement with said employee and other eligible <br />officials and officers as may hereinafter be designated by <br />the City Council, which are necessary for said persons to <br />participate in the Plan, the form of which Joinder Agreement <br />is attached hereto as "Appendix 2." <br /> <br /> ADOPTED this 6th day of October , 1980, <br />by the following vote: <br /> <br />AYES: COUNCILMEN: <br />NOES: COUNCILMEN: <br /> <br />Bricken, Luxembourger, Markel, <br /> Serrato, Ward, Yamamoto <br />None <br /> <br />ABSENT: COUNCILMEN: Griset <br /> <br />ATTEST: <br /> <br />EDWARD J. ~DO~R3 <br />CITY ATTORNEY ~ <br /> <br /> <br />