Resolution No. 2921314
RESOLUTION NO. 2921
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
ESTABLISHING AN ICM (INTERNATIONAL CITY MANAGEMENT
ASSOCIATION) MONEY PURCHASE RETIREMENT PLAN.
WHEREAS, the City of Cypress ("Employer") has employees rendering
valuable services; and
WHEREAS, the establishment of a Money Purchase Plan will benefit
employees by providing funds for retirement and funds for their beneficiaries
in the event of death; and
WHEREAS, the establishment of a Money Purchase Plan will assist
the Employer to attract and retain qualified personnel; and
WHEREAS, the Employer desires that its Money Purchase Plan be administered
by the ICMA Retirement Corporation.
NOW, THEREFORE, BE IT RESOLVED that the Employer establishes a Money
Purchase Plan in the form of the ICMA Retirement Corporation Money Purchase
Plan and Trust, pursuant to the specific provisions of the executed Adoption
Agreement. The Plan and the Trust forming a part hereof are established
and shall be maintained for the exclusive benefit of eligible employees
and their beneficiaries.
PASSED AND ADOPTED by the City Council of the City of Cypress at
a regular meeting held on the 13th day of May 1985.
ATTEST:
,,"c EC
CITY CLE4OF E CI OF CYPRESS
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
1ROFTH
MAY CIF CYPRESS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY
that the foregoing Resolution was duly adopted at a regular meeting of
the said City Council held on the 13th day of May 1985; by the following
roll call vote:
AYES: 3 COUNCIL MEMBERS: Mullen, Partin, and Kanel
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 2 COUNCIL MEMBERS: Coronado and Lacayo
L1
CITY CLLEE OF
T^
F THE ITY OF CYPRESS