HomeMy Public PortalAbout1992-64 Amending Resolution 92-18, Adopting a Deferred Compensation PlanRESOLUTION NO. 92-64
A RESOLUTION OF THE VILLAGE OF KEY
BISCAYNE, FLORIDA; AMENDING RESOLUTION
92-18, ADOPTING A DEFERRED COMPENSATION
PLAN; PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE VILLAGE COUNCIL OF KEY BISCAYNE,
FLORIDA, AS FOLLOWS:
WHEREAS, the Village Council adopted Resolution 92-18,
providing a deferred compensation plan for the Village; and
WHEREAS, the deferred compensation plan should be applicable
to all village employees;
NOW THEREFORE, BE IT RESOLVED THAT:
SECTION 1. The Title of Resolution 92-18 is amended to read
as follows: A RESOLUTION OF THE BOARD OF TRUSTEES OF THE VILLAGE
OF KEY BISCAYNE, FLORIDA; ADOPTING A DEFERRED COMPENSATION PLAN;
PROVIDING FOR THE EXECUTION OF NECESSARY DOCUMENTS; DESIGNATING THE
MA R VILLAGE CLERK AS COORDINATOR OF THE PLAN; AUTHORIZING THE
MAYOR VILLAGE CLERK TO RECEIVE NECESSARY REPORTS, CAST REQUIRED
VOTES UNDER THE PLAN, DELEGATE ADMINISTRATIVE DUTIES RELATING TO
THE PLAN, EXECUTE ALL NECESSARY AGREEMENTS WITH THE PLAN AND
PROVIDING FOR AN EFFECTIVE DATE.
SECTION 2. Section 2 of Resolution 92-18 is amended to read
as follows: The Mater Village Clerk shall be the coordinator for
the Plan; shall receive necessary reports and notices from the ICMA
Retirement Corporation or the ICMA Retirement Trust; shall cast, on
behalf of the Village any required votes under the ICMA Retirement
Trust; may delegate any administrative duties relating to the Plan
to appropriate persons; and is authorized to execute all necessary
agreements with ICMA Retirement Corporation necessary to enroll
thc Village Manager Village employees for the implementation and
administration of the Plan in a form acceptable to the Village
Attorney. The enrol ~~cnt of othcr employees muot be approved by
thc Board of Tru3tce3.
SECTION 3. This resolution shall take effect immediately
upon adoption.
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