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. - RESOLUTION NO. 14 Series 1980 A Resolution for the Establishment of the ICMA Retirement Corporation Deferred Compensation Plan. ~VHE REAS , the City of Louisville has in its employ certain personnel; and, WHEREAS, said employees are and will be rendering valuable services to the City; and, WHEREAS, the City has considered the establishment of a Deferred Compensation Plan for the said employees by the International City Management Association Retirement Corporation; and, 'I'JHEREAS, said employees often are unable to acquire retire- ment security under other existing and available retirement plans due to the contingencies of employment mobility; and, WHE REAS , the City receives benefits under said plans by being able to assure reasonable retirement security to said employees, by being more able to attra.ct competent personnel to its service, and by increasing its flexibility in personnel management through elimin- ation of the need for continued employment for the sole purpose of allowing an employee to qua.lify for retirement benefits. NOW, THEREFORE " BE IT RESOLVED TlmT THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO establish said Deferred Compensation Plan for said employees and hereby authorizes the Mayor to execute the Deferred Compensation Plan with the International City Manage- ment Association Retirement Corporation. IT IS FURTHER RESOLVED that the City Administrator may, on behalf of the City, execute all Joinder Agreements with said employees and other eligible officials and officers, which are necessary for said persons'participation in the Plan, except that any Joinder Agreement for said designated official shall be executed by the Mayor. Passed and adopted this eighteenth day of September, 1980. c;i~/-,u6? $'~ r ayor ATTES'r: ~ fJ~dl