HomeMy WebLinkAboutResolution No. 05-57
ORIGiNAL
CITY OF THE COLONY, TEXAS
RESOLUTION NO. 05- 5"?-
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS,
AMENDING THE INTERNATIONAL CITY/COUNTY
MANAGER'S ASSOCIATION (ICMA) GOVERNMENTAL
MONEY PURCHASE PLAN AND TRUST AND ESTABLISHING
AN EFFECTIVE DATE
WHEREAS, On November 19, 2001, the City of The Colony took action to
establish the International City/County Manager's Association (lCMA) Governmental
Money Purchase Plan and Trust;
WHEREAS, the current Employer contribution is 7 percent in accordance with
agreement approved by The City Council;
WHEREAS, it is desired to reduce the current Employer contribution from 7
percent to 1 percent;
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS THAT:
Section 1. The City of The Colony hereby amends the lCMA Governmental Money
Purchase Plan and Trust by reducing the Employer contributions from 7 percent to 1
percent no later than June 30,2005.
l, Matthew D. Denton, Deputy City Secretary for the City of The Colony, do hereby
certify that the forgoing resolution proposed by the City Council of The City of The
Colony, was duly passed and adopted by the City Council of the City of the Colony at a
regular meeting thereof assembled this 20th day of June, 2005, by the following vote:
Ayes S
Nays c;2S'
Absent ~
tthew D. Denton, Deputy City Secretary
PASSED AND APPROVED by the City Council of the City of The Colony, Texas, this
20th day of June, 2005.
ATTEST:
tthew D. Denton, Deputy City Secretary
Dillard, Mayor
of The Colony, Texas