HomeMy WebLinkAboutCity Council - 2001-59 RESOLUTION NO. 2001-59
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH
AMENDING CITY COUNCIL RESOLUTION NO. 6336 AND DESIGNATING THE
DIRECTOR OF ADMINISTRATIVE SERVICES AS PLAN ADMINISTRATOR FOR THE
EMPLOYEES DEFERRED COMPENSATION PLAN AND DIRECTING THE CITY
TREASURER TO APPROVE THE INVESTMENT OF FUNDS
WHEREAS, on December 2, 1991, the City Council of the City of Huntington Beach
adopted Resolution 6336 for the purposes of updating and implementing a Deferred Compensation
Plan ("Plan")which enabled employees to defer a portion of their compensation to a future time.
Pursuant to the Plan, such deferred compensation monies are, in effect, held in trust by the City and
invested in a manner allowed by the Plan.
Pursuant to Resolution 6336, the mode of investment of the funds in the Plan is to be
approved by the City Treasurer or her designee, and the Deputy City Administrator/Administrative
Services is authorized to implement the Plan.
The City Council of the City of Huntington Beach desires to amend Resolution No. 6336,
and authorize the Director of Administrative Services to implement the Plan as Plan Administrator.
The City of Huntington Beach desires to continue to have the City Treasurer, or her designee
approve the mode of investment of the funds in the Plan.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Huntington
Beach that the Director of Administrative Services is authorized to implement the Plan and is
designated Plan Administrator.
IT IS HEREBY FURTHER RESOLVED that the mode of investment of funds in the Plan
must be approved by the City Treasurer or her designee.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular
meeting thereof held on the 4th day of September , 2001.
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ATTEST: J APPROVED AS TO FORM:
City Clerk o9-la=01 City Attorney 1/�IA 1d
REVIEWED AND APPROVED: INITIA AP D:
City Adrifinistrator DireC7111
Administrative Services
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Res. No. 2001-59
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
1, CONNIE BROCKWAY, the duly elected, qualified City Clerk of
the City of Huntington Beach, and ex-officio Clerk of the City Council of said
City, do hereby certify that the whole number of members of the City Council
of the City of Huntington Beach is seven; that the foregoing resolution was
passed and adopted by the affirmative vote of at least a majority of all the
members of said City Council at a regular meeting thereof held on the 4th
day of September, 2001 by the following vote:
AYES: Green, Boardman, Cook, Julien Houchen, Garofalo, Dettloff,
Bauer
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California