HomeMy WebLinkAboutReso 09-15 ICMA-RC Renew Contract RESOLUTION NO. 9 - 15
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
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AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT RENEWAL WITH
INTERNATIONAL CITY MANAGEMENT ASSOCIATION RETIREMENT CORPORATION TO
PROVIDE THIRD PARTY ADMINISTRATOR SERVICES FOR THE CITY'S DEFERRED
COMPENSATION PLAN
WHEREAS, On August 22, 1988 the City Council of the City of Dublin adopted Resolution
116-88 Establishing a Deferred Compensation Plan to be administered by the International City
Management Association Retirement Corporation (ICMA-RC); and
WHEREAS, the current agreement between ICMA-RC and the City of Dublin was
amended on February 14, 2011; and
WHEREAS, the City of Dublin has affirmed the continued need to contract with a third
party for administrative services of the City's deferred Compensation Plan; and
WHEREAS, the City of Dublin desires that the investment of funds held under its deferred
compensation plan continue to be administered ICMA-RC under a new contract that provides for
a reduction to the City's administration fee and a seven year contract term.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin
hereby authorizes the City Manager to execute a contract agreement with ICMA-RC for Third
Party Administrator Services.
PASSED, APPROVED AND ADOPTED this 20th day of January, 2015, by the following
vote:
AYES: Councilmembers Biddle, Gupta, Hart, and Mayor Haubert
NOES: None
ABSENT: None
ABSTAIN: None I
Ps ( .��
Mayor
ATTEST:
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City Clerk
Reso No 9-15,Adopted 1-20-15, Item 4.11 Page 1 of 1