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RESOLUTION NO. 99-_L�5 <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO REVISE <br />THE ICMA RETIREMENT CORPORATION'S MAMAGEMENT EMPLOYEES' <br />401 MONEY PURCHASE RETIREMENT PLAN AND TRUST ADOPTION <br />AGREEEMENT AS ESTABLISHED IN ACCORDANCE WITH RESOLUTION <br />NO. 97-22, TO PROVIDE FOR EMPLOYEE MATCHING CONTRIBUTIONS <br />AND SUCH OTHER CHANGES AS DEEMED APPROPRIATE; PROVIDING <br />FOR AN EFFECTIVE DATE. <br />WHEREAS, on November 20, 1997, by Resolution No. 97-22, the City Manager <br />adopted the ICMA employees 401 Money Purchase Retirement Plan, which, among other <br />things did not provide for employee matching contributions; and <br />WHEREAS, the Interim City Manager has request feedback from employees as <br />to whether or not they would wish for that provision and received an affirmative answer; <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION <br />OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. The City Manager is authorized to revise the ICMA Retirement <br />Corporation's Management Employees 401 Money Purchase Retirement Plan and Trust <br />Adoption Agreement to provide for employee matching contribution and make such other <br />changes as he deems appropriate. <br />Section 2. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED thVIA61 day of Octoer, 1999. <br />David Samson, <br />ATTEST: <br />&Ct� chard Brown Morilla, City Clerk <br />Authorization to Amend 401 K Plan Management Res <br />10/06/99 9:07 AM <br />LMD:ch <br />