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WHEREAS, the 2022 Plan provides that it shall be effective only upon the funding <br />by the City of the Unfunded Liability; and <br />WHEREAS, pursuant to City Ordinance No. adopted on August 8, 2022, the <br />Council has approved the 2022 Plan and provided for it to be implemented only upon the <br />funding by the City of the Unfunded Liability; and <br />WHEREAS, in order to effectuate the intent of the Plan and the movement of the <br />Plan's beneficiaries to TMRS, it is necessary that the Fund be frozen and no further changes <br />in benefits be approved thereunder; and <br />WHEREAS, the City Council, in furtherance of the above, finds that it is in the best <br />interest of the City, the Fund, and its beneficiaries to enter into the Agreement Regarding <br />Freezing of the Fire Pension Fund ("Agreement") attached hereto as Exhibit A with the <br />Board. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this resolution are hereby in <br />all things approved. <br />Section 2. That the Agreement attached hereto as Exhibit A and incorporated herein <br />by reference is hereby approved. <br />Section 3. That the Mayor is hereby authorized to execute said Agreement on behalf <br />of the City. <br />Section 3. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 8th day of August, 2022. <br />Paula Portugal, Mayor <br />ATTEST: <br />Janice Ellis, City Clerk <br />APPROVED AS TO FORM: <br />