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RESOLUTION N0.7 <br />SERIES 2008 <br />A RESOLUTION AUTHORIZING THE CITY TO SUBMIT A VOLUNTARY <br />CORRECTION WITH SERVICE APPROVAL PROGRAM TO THE INTERNAL <br />REVENUE SERVICE FOR THE CITY OF LOUISVILLE EMPLOYEE RETIREMENT <br />PLAN <br />WHEREAS, the City discovered certain inadvertent errors which need to be corrected in <br />the City of Louisville Employee Retirement 1?lan; and <br />WHEREAS, IRS Revenue Procedure 2006-27 allows governmental entities to make <br />voluntary corrections to retirement plans; anti <br />WHEREAS, the City desires to retain the services of Sherman & Howard, L.L.C. to <br />represent the City with respect to applying for the voluntary correction to the retirement plan. <br />NOW, THEREFORE, BE IT RI.SOLVED BY THE CITY COUNCIL OF TIDE <br />CITY OF LOUISVILLE, COLORADO: <br />1. The Mayor is hereby authorized to sign the plan sponsor statements for the <br />Voluntary Correction Plan (VCP) Application for the Employee Retirement Plan of the City pf <br />Louisville, Colorado, as well as the Power of Attorney and Declaration of Representative, in the <br />form attached hereto. The City is authorized to engage Sherman & Howard, L.L.C. to submit the <br />VCP Application. <br />2. The Mayor, City Manager, Ciity Staff, and Sherman & Howard, L.L.C. on the City's <br />behalf, are further authorized to do all thin€s necessary on behalf of the City to submit the VCP <br />Application and process same with the IRS. <br />PASSED-AND ADOPTED this ~'~'day of ~ 2008. <br />x. <br />f <br />~. <br />~. <br />~~: ^':°~~i arles L. Sisk, Mayor <br />Nancy Varra, ity Clerk <br />