RE 01-14-86 RESOLUTION NO. 011486
RESOLUTION OF THE CITY OF COPPELL, TEXAS
A RESOLUTION OF THE CITY OF COPPELL, TEXAS hereinafter referred
to as "Employer".
W-~EREAS, the Employer has employees rendering valuable services;
and
W~R. REAS, the establishment of a deferred compensation plan for such
employees will serve the interests of the Employer by enabling it
to provide reasonable retirement security for its employees, by
providing increased flexibility in its personnel management system,
and by assisting in the attraction and retention of competent personnel;
and
W.¢:REAS, the Employer has determined that the establishment of a
deferred compensation plan to be administered by the ICMA Retirement
Corporation will serve the above objectives, and
W-f{EREAS, the employer desires that the investment of funds held
under its deferred compensation plan be administered by the ICMA
Retirement Corporation, as Trustee, with the understanding that
such funds will be held by the ICMA Retirement Trust, a trust established
by public employers for the purpose of representing the interests
of such employers with respect to the collective investment of funds
held under their deferred compensation plans:
NOW T~REFORE BE IT ILESOLVED that the Employer adopts the deferred
compensation plan, attached hereto as Appendix A, and appoints the
ICMA Retirement Corporation to serve as Administrator thereunder;
and
BE IT FURT~:R RESOLVED that the Employer hereby executes the ICMA
Retirement Trust, attached hereto as Appendix B; and
BE IT FURT~RP. RESOLVED that the Employer hereby adopts the trust
agreement, attached hereto as Appendix C, and appoints the ICMA
Retirement Corporation as Trustee thereunder, and directs the ICMA
Retirement Corporation, as Trustee, to invest all funds held under
the deferred compensation plan through the ICMA Retirement Trust
as soon as is practicle; and
BE IT FURTHER RESOLVED that ~]~ ~4J~O~ (use title of official,
not name) shall be the coordinato~ for th~s program and shall receive
necessary reports, notices, etc. from the ICMA Retirement Corporation
as Administrator, and shall cast, on behalf of the Employer, any
required votes under the program. Administrative duties to carry
out the plan may be assigned to the appropriate departments.
APPROVED:
ATTEST:
DOkOTHY TI~NS, ~TY SECRETARY
IC IA
RETIREMENT
C()R1K)tLkTION
1120 Area Code 202
G Street 737 6616
Northwest
Suite ?00 Toll free 800
Washington DC 424-9249
20005
FILE INFORMATION SHEET
The information you provide on this sheet is essential for proper plan administration. As you complete this form,
please refer to the instructions on the reverse side.
1..Employer's full name (City of, County of, etc.)
City of Coppell
2. Plan Coordinator (Name and title of official to whom all correspondence and reports are to be mailed)
Frank A. Proctor. City Manager
3. Employer's address P.O. 'Bxo 478
Coppell T~ 75019
4. Phone number (214) 462-0022
5. Employer's Federal Tax Identification Number 75-1 .] 83204
6. How often will you make contributions? Biweekly
7. What is the first pay date of plan implementation? January 30, ']9R6
8. Number of employees eligible to participate 92
9. Total number of employees 92
of the (City, C ..... ~, ~t-e. ) of c~O~[. 7--q~¢S do hereby
certify that the foregoing resolution, proposed by (Council Mem-
ber, Trustcc, etc.) of ~of3~// was duly passed
and adopted in the (Council, Rc~-rd, etc.) of the (City, C~nty,
etc. ) of ~ol~// at a regular meeting
thereof assembled this I~%~'~ day of ~. , 19 ~ by
the following vote:
AYES:
NAYS:
ABSENT:
(SEAL)
DOROTHY- T~ONS, ~ITY SECRETARY