Resolution No. 2726RESOLUTION NO.2726
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CYPRESS AND ACTING AS THE EX -OFFICIO GOVERNING
BOARD OF DIRECTORS OF THE CYPRESS RECREATION
AND PARK DISTRICT, A SUBSIDIARY DISTRICT OF THE
CITY OF CYPRESS, ADOPTING A REVISED CITY/DISTRICT
DEFERRED COMPENSATION PLAN.
3'
WHEREAS, the City Council of the City of Cypress has heretofore by
its Resolution No. 1696 established a plan pursuant to which employees
of the City may elect to defer a portion of their income until retire-
ment; and
WHEREAS, the City Council, acting as the ex -officio governing Board
of Directors of the Cypress Recreation and Park District, by its Resolution
No. 59 established a plan pursuant to which employees of the District may
elect to defer a portion of their income until retirement; and
WHEREAS, said City Council now wishes to adopt a revised plan of
the existing Deferred Compensation Plans for both the City employees
and the Recreation and Park District employees and bring said Plan
into conformity with existing Federal regulations.
NOW, THEREFORE, the City Council of the City of Cypress and acting
as the ex -officio governing Board of Directors of the Cypress Recreation
and Park District, HEREBY RESOLVES that the revised City of Cypress/Cypress
Recreation and Park District Deferred Compensation Plan dated December 12,
1983, a copy of which is on file in the City Clerk's Office and by this
reference is incorporated herein,is hereby adopted.
PASSED AND ADOPTED by the City Council of the City of Cypress and
acting as the ex -officio governing Board of Directors of the Cypress Recreation
and Park District at a regular meeting held on the 12th day of December 1983.
ATTEST:
CITY CLERK OF E CIIYOF CYPRESS
STATE OF CALIFORNIA
COUNTY OF ORANGE
) SS
W
MAYOR OF THE CITY OF 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 12th day of December 1983; by the following
roll call vote:
AYES: 4 COUNCIL MEMBERS: Coronado, Kanel, Mullen, and Partin
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Lacayo
CITY CLERK OF THE C OF CYPRESS