HomeMy WebLinkAbout09-1319 09-08-2009RESOLUTION NO. 09 -1319
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EULESS, TEXAS, AUTHORIZING PARTICIPATION IN
THE PARS PUBLIC AGENCIES POST - RETIREMENT
HEALTH CARE PLAN TRUST TO FUND POST -
EMPLOYMENT BENEFITS FOR ITS EMPLOYEES AS
SPECIFIED IN THE CITY'S POLICIES.
WHEREAS, it is determined to be in the best interest of the City to participate in the
PARS Public Agencies Post - Retirement Health Care Plan Trust (the "Program ") to fund
post - employment benefits for its employees as specified in the City's policies; and
WHEREAS, the City is eligible to participate in the Program, a tax - exempt trust and plan
performing an essential governmental function within the meaning of Section 115 of the
Internal Revenue Code, as amended, and the Regulations issued thereunder, and is a
tax - exempt trust under the relevant statutory provision of the State of Texas; and
WHEREAS, On April 28, 2009, the City Council of the City of Euless authorized the
City Manager to execute the agreements necessary to establish a Post - Employment
Benefits Trust.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EULESS, TEXAS, THAT:
SECTION 1
The City Council hereby adopts the PARS Public Agencies Post - Retirement Health
Care Plan Trust, including the Pars Public Agencies Post - Retirement Health Care Plan,
as part of the City Retirement Program, effective September 8, 2009.
SECTION 2
The City Council hereby appoints the City Manager or his /her successor or his /her
designee as the City's Plan Administrator for the Program.
SECTION 3
The City's Plan Administrator is hereby authorized to execute the PARS legal
documents on behalf of the City and to take whatever additional actions are necessary
to maintain the City's participation in the Program and to maintain compliance of any
relevant regulation issued or as may be issued; therefore, authorizing him /her to take
whatever additional actions are required to administer the City's PARS plan(s).
SECTION 4
Any and all agreements establishing a Post Employment
executed pursuant to the April 28, 2009 City Council
rescinded.
APPROVED AND ADOPTED at the regular meeting of the
8th day of September, 2009, by a vote of 7 ayes,
abstentions.
APPROVED:
ttAA-3e.:1-CitILL
Mary Lib aleh
Mayor
ATTEST:
411.1:1:0117."
usan Crim, T
City Secretary
MC
Resolution No. 09 -1319, Page 2 of 2
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