CC Resolution 2000-034 RESOLUTION NO. 2000-34
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA,
CALIFORNIA AUTHORIZING THE ADOPTION OF THE AMENDED AND
RESTATED PUBLIC AGENCY RETIREMENT SYSTEM (PARS) TRUST
AGREEMENT.
WHEREAS, the City of La Quinta is a member of the Public Agency Retirement
System (PARS) for the purpose of providing tax qualified retirement benefits.
WHEREAS, the City of La Quinta has made available the following retirement
incentives PARS 1999 Supplement to PERS qualifying under relevant sections of the
Internal Revenue Code and the California Government Code.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of La
Quinta, California, as follows:
1. The City Council hereby adopts the Amended and Restated PARS Trust
Agreement, effective May 2, 2000; and
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 Public Agency
Retirement System; and
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 PARS and to
maintain PARS 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.
PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City
Council held on this 2"d day of May, 2000, by the following vote:
AYES: Council Members Adolph, Henderson, Sniff, Mayor Pe~a
NOES: None
ABSENT: Council Member Perkins
ABSTAIN: None
Resolution No. 2000-34
Amended/Restated PARS
Adopted: May 2, 2000
Page 2
J O H N ~~A,~X,~orj~
City of La Quinta, California
ATTEST:
J U N~RE ~t y~
City of La Quinta, California
(City Seal)
APPROVED AS TO FORM:
DAWN C. HONEYWE~, City Attorney
City of La Quinta, California