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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by:~ <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2001-139 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, AMENDING THE ICMA-RC DEFERRED COMPENSATION PLAN <br />AGREEMENT TO PERMIT PARTICIPANT LOANS <br /> <br />WHEREAS, the employees of the City of Seward render a valuable service to the community; and <br /> <br />WHEREAS, the City of Seward has established two deferred compensation plans for employees <br />which serve the interests of the City by enabling it to provide reasonable retirement security for its <br />employees, by providing increased flexibility in its personnel management system, and by assisting in the <br />attraction and retention of competent personnel; and <br /> <br />WHEREAS, the City of Seward has determined that permitting participants in the deferred <br />compensation plans to obtain loans from the Plans will serve these objectives; and <br /> <br />WHEREAS, the AETNA Plan does not require an amendment to its Plan Agreement to permit <br />participant loans, but the ICMA-RC Plan does require an amendment to its Plan Agreement to permit <br />participant loans. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SEWARD, ALASKA, that: <br /> <br />Section 1. The ICMA-RC Deferred Compensation Plan is modified to authorize plan participants <br />to obtain loans. <br /> <br />Section 2. This resolution shall take effect immediately upon passage by the City Council. <br /> <br />PASSED AND APPROVED by the City Council of the City of Seward, Alaska, this 22nd day of <br />October, 200 L <br /> <br />THE CITY OF SEWARD, ALASKA <br /> <br />CQ, /]~~., <br /> <br />Edgar Blatchford, Mayor <br />AYES: Blatchford, Brossow, Branson, Calhoon, Clark, Orr, Shafer <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br /> <br /> <br />~r;- ~ <br />. AI ('if S'lE1JrV'~ .,.~.}'c <br />~ ~- ~ ""J v.f. <br />.:-,,-:,: ....d~. ~~' ". <br />~ v 1P'- -"V',i::'l'-\"O. \. <br />_ -.I~ -+- '0 .. <br />.. i' .. <br />; · i SEAL J: 0 S <br />.. . .. <br />t~ ~ -- ~ <br />~ n....""&. ~~... - ~ <br />.' 0... '<IvS 1 "qj... ~ ~ <br />......~ F-<l>-r ......\..' b..'i:> ~... <br />'.t,,~;.:..;' OF ;>..\.r;........' <br />.'*"'nlll"~" <br /> <br />(City Seal) <br />