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<br />RESOLUTION NO. <br /> <br />88-079 <br /> <br />WHEREAS, the City of Paris has employees rendering <br />valuable services; and, <br /> <br />WHEREAS, the establishment of a deferred compensation <br />plan for such employees serves the interests of the City of <br />Paris by enabling it to provide reasonable retirement <br />security for its employees, by providing increased <br />flexibility in its personnel management system, and by <br />assisting in the attraction and retention of competent <br />personnel; and, <br /> <br />WHEREAS, the City of Paris has determined that the <br />establishment of a deferred compensation plan be adminis- <br />tered by the ICMA Retirement Corporation, and that such <br />funds be held by the ICMA Retirement Trust, a trust <br />established by public employers for the collective <br />investment of funds held under their deferred compensation <br />plans and money purchase retirement plans; NOW, THEREFORE, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, That it does hereby adopt the deferred compensation <br />plan attached hereto as (Appendix A or The plan provided by <br />City of Paris which is attached hereto and the Trust <br />Agreement with the ICMA Retirement Corporation - Appendix C) <br />and appoints the ICMA Retirement Corporation to serve as <br />Administrator thereunder; and <br /> <br />BE IT FURTHER RESOLVED That the Mayor of the City of <br />Paris, Eric S. Clifford, be, and he is hereby authorized and <br />directed to execute the Declaration of Trust of the ICMA <br />Retirement Trust, in the form attached hereto as Appendix B. <br /> <br />BE IT FURTHER RESOLVED That W. E. Anderson the Director <br />of Finance of the City of Paris shall be the coordinator of <br />this program and shall receive necessary reports, notices, <br />etc. from the ICMA Retirement Corporation or the ICMA <br />Retirement Trust, and shall cast, on behalf of the City of <br />Paris, any required votes under the program. Administrative <br />duties to carry out the plan may be assigned to the <br />appropriate departments. <br /> <br />Passed and adopted this 8th day <br /> <br /> <br />ATTEST: <br /> <br />~~',\:: ~ <br />Mattie cunnin~ er <br /> <br />APPR/OVED A~/1FORM: <br />