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3/88 ATTACHMENT NOT W/RESOLUTION <br /> <br /> RESOLUTION NO. 84-104 <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 />Deputy City Manager for Operations; and <br /> <br /> WHEREAS, said employee is unable to acquire <br />retirement security under other existing and available <br />retirements 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 a Deferred Compensation Plan for said employee and <br />hereby authorizes 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 />ATTEST: <br /> <br />ADOPTED this 4th <br /> <br />day of September ,1984. <br /> <br />Clerk of the Counci~l/ <br /> <br /> <br />