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<br /> RESOLUTION NO. 37 <br /> SERIES 1983 <br />RESOLUTION OF CITY OF LOUISVILLE ("Employeer"). <br />WHEREAS, the Employer maintains a deferred compensation plan for its <br />employees which is administered by the ICMA Retirement Corporation <br />(the "Administrator"); and <br />WH EREAS, the Administrator has recommended changes in the plan <br />document to comply with recent federal legislation and Internal <br />Revenue Service Regulations governing said plans; and <br />WHEREAS, the Internal Revenue Service has issued a private letter <br />rulling approving said plan document as complying with Section 457 of <br />the Internal Revenue Code; and <br />WHEREAS, other publ ic employers have joined together to establish the <br />ICMA Retirement Trust for the purpose of representing the interests of <br />the participating employers with respect to the collective investment <br />of funds held under their deferred compensation plans; and <br />WHEREAS, said Trust is a salutary development which further advances <br />the quality of administration for plans administered by the ICMA <br />Retirement Corporation: <br />NOW THEREFORE BE IT RESOLVED that the Employer hereby adopts the <br />deferred compensation plan, attached hereto as Appendix A, as an <br />amendment and restatement of its present deferred compensation plan <br />administered by the ICMA Retirement Corporation, which shall continue <br />to act as Administrator of said plan; and <br />BE IT FURTHER RESOLVED that the Employer hereby executes the ICMA <br />Retirement Trust, attached hereto as Appendix B; and <br />BE IT FURTHER RESOLVED that the Employer hereby adopts the trust <br />agreement with ICMA Retirement Corporation, as appears at Appendix C <br />hereto, as an amendment and restatement of its existing trust agree- <br />ment with the ICMA Retirement Corporation, and directs the ICMA <br />Retirement Corporation, as Trustee, to invest all funds held under the <br />deferred compensation plan through the ICMA Retirement Trust as soon <br />as is practicable; and <br />BE IT FURTHER RESOLVED that the Director of Finance shall be th e <br />coordinator for this program and shall receive necessary reports, <br />notices, etc. from the ICMA Retirement Corporation as Administrator, <br />and shall cast, on behalf of the Employer, any required votes under the <br />program. Administrative duties to carry out the plan may be assigned <br />to the appropriate departments. <br />PASSED AND ADOPTED THIS 4th DAY OF OCTOBER, 1983. <br /> ~~;i #~ <br /> MA OR <br />