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HomeMy WebLinkAboutR-79-05 City of Seba. POST OFFICE BOX 127 ~ SEBASllAN, FLORIDA 32958 P,at Flood, Jr. TELEPHONE (305) 589-5330 Florence L. Phelan ~Aoyor Ci~ Clerk RESOLUTION NO. R-79-5 A meeting of tho City Council of the City of Sebastian, Florida, was held on February 22, 1979, at the City Hall Council Chambers of the City of Sebastian, Florida, located on Main Street, Sebastian, Florida. The following City Council Men~ers, co:~stituting a Quorum, were present: Mayor Pat Flood, Jr. Vice Mayor Le~s E. Gray Councilman J. Randy Joachim Councilwoman Dorothy W. McKinley The Mayor stated that the meeting had been called for the purpose of considering the adoption of a pension plan for the employees of the City of Sebastian, Florida. Upon motion made, seconded and duly carried, it was kr.~c~rl'L'~'~, ~'~: the City of Sebastian, Florida, establish a pension plan to be known as .~etJrement Plan for the City of Sebastian, Florida, by adopting the Prototype Plan E, sponsored by the Prudential Insurance Company of America in accordance with the attached, completed by unexecuted Plan and Trust; and it was FURTHER RESOLVED, that the Mayor be and is hereby authorized to execute on behalf of the City of Sebastian, Florida, all documents necessary to establish such Plan and such Trust, and make any amendments necessary to obtain a favorable Determi- nation Letter on the qualification of such Plan and the exempt status of such Trust and it was FURTHER RESOLVED, that the contribution required by such Plan be made in the time and manner specified in such Plan; and it was FURTHER RESOLVED, that the Limitation Year with respect to the City of Sebastian, Florida, shall be the twelve month period which corresponds with the twelve month period selected for a Plan Year in such Plan; No further business being presented, upon motion duly made, seconded, and carried, the ~eting was adjourned. CERTIFICATION The undersigned, being the duly elected and qualified Secretary of the City Council, C3ty of Sebastian, Florida, hereby certifies that the above is a true, correct and complete copy of the minutes of the City Council meeting of the City of Sebastian, Florida, which meeting was held at the City Hall Council Chambers, City of Sebastian, Florida, on February 22, 1979. Secretary (S E A L) "HOME OF PELICAN ISLAND"