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RESOLUTION NO.9 SERIES 2005 A RESOLUTION FOR ADOPTION OF THE V ANT AGECARE RETIREMENT HEALTH SAVINGS (RHS) PROGRAM FOR CITY OF LOUISVILLE EMPLOYEES WHEREAS, the City of Louisville ("Employer") has employees rendering valuable services; and WHEREAS, the establishment of a retiree health savings plan for such employees serves the interests of the Employer by enabling it to provide reasonable security regarding such employees' health needs during retirement, by providing increased flexibility in its personnel management system, and by assisting in the attraction and retention of competent personnel; and WHEREAS, the Employer has determined that the establishment of the retiree health savings plan (the "Plan") serves the above objectives. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF lOUISVILLE, COLORADO: THAT the Employer hereby adopts the Plan in the form of the ICMA Retirement Corporation's VantageCare Retirement Health Savings program. BE IT FURTHER RESOLVED, THAT the assets of the Plan shall be held in trust, with the Employer serving as trustee, for the exclusive benefit of Plan participants and their beneficiaries, and the assets of the Plan shall not be diverted to any other purpose prior to the satisfaction of all liabilities of the Plan. The Employer has executed the Declaration of Trust of the City of Louisville Integral Part Trust in the form of: -2L The model trust made available by the ICMA Retirement Corporation _ The trust provided by the Employer (executed copy attached hereto). BE IT FURTHER RESOLVED, THAT the Human Resources Manager of the City of Louisville shall be the coordinator and contact for the Plan and shall receive necessary reports, notices, etc.