HomeMy WebLinkAboutCity Council - 2006-21 RESOLUTION NO. 2006-21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH
AMENDING CITY COUNCIL RESOLUTION NO. 2001-- 59 AND DESIGNATING THE DEPUTY
CITY ADMINISTRATOR 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; and
Resolution 2001-59, authorized the Director of Administrative Services to implement the Plan as
the Plan Administrator;.and
On March 21, 2005,the City Council eliminated the position of Director of Administrative
Services and authorized two new positions: Deputy City Administrator-City Services and Deputy City
Administrator-Development; and
The City Council of the City of Huntington Beach desires to amend Resolution No. 2001-59,
and authorize the Deputy City Administrator-City 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 Deputy City Administrator-City 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 1 5thday of May , 2006.
Mayor
APPROVED AS TO FORM:
REVIEWED AND APPROVED:
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City Ad inistrator ��917.
INITI AND APPROVED:
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Deputy City A inistrator-City Services
06reso/invest-o6
Res. No. 2006-21
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L. FLYNN 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 an regular meeting thereof held on the 151th day of May,
2006 by the following vote:
AYES: Bohr, Green, Coerper, Sullivan, Hardy, Hansen, Cook
NOES: None
ABSENT: None
ABSTAIN: None
Cit lerk and ex-officio Ork of the
City Council of the City of
Huntington Beach, California