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HomeMy WebLinkAbout08-017 CC Resolution I I I RESOLUTION NO. 08-17 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA PROVIDING FOR THE DELEGATION OF AUTHORITY TO REQUEST DISBURSEMENT PURSUANT TO THE CITY'S AGREEMENT WITH THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM FOR PREFUNDING OF CERTAIN POST EMPLOYMENT BENEFITS THE CITY COUNCil OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS FOllOWS: Section 1. On February 12, 2008, the City Council approved that certain agreement between the City and the California Public Employment Retirement System entitled "Agreement and Election of the City of Temecula to Prefund Other Post Employment Benefits Through CaIPERS" ("Agreement"). Section 2. The Agreement provides for the City's participation in the Annuitants' Health Care Coverage Fund for the prefunding of health care coverage for annuitants ("Prefunding Plan" or "Other Post Employment Prefunding Plan"). Section 3. The Agreement requires the City Council to adopt a resolution delegating to certain individuals the authority to take certain actions to implement and administer the Prefunding Plan described in the Agreement. Section 4. The City Council of the City of Temecula hereby delegates to the incumbents in the positions of City Manager and Director of Finance authority to request on behalf of the City of Temecula disbursements from the Other Post Employment Prefunding Plan and to certify as to the purposes for which the disbursed funds will be used. Section 5. The City Clerk shall certify to the adoption of this Resolution. R:/Resos 2008/Resos 08-17 I PASSED, APPROVED, AND ADOPTED by the City Council of the City of Temecula this 12th day of February, 2008. '-- -~ '(),~ Michael S. aggar, Mayor ATTEST: I STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that the foregoing Resolution No. 08-17 was duly and regularly adopted by the City Council of the City of Temecula at a meeting thereof held on the 12th day of February, 2008, by the following vote: AYES: 5 COUNCIL MEMBERS: Comerchero, Edwards, Roberts, Washington, Naggar NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None ABSTAIN: 0 COUNCIL MEMBERS: None I . Jones, MMC City Clerk R:/Resos 2008/Resos 08-17 2