HomeMy WebLinkAboutResolution 2010-004RESOLUTION NO. 2010-004
WHEREAS, the City Council finds that it is in the best interest of the City of North
Richland Hills (the "City") to participate in the PARS Public Agencies Post-
Retirement Health Care Plan Trust (the "Program") to fund post-
employment benefits for its employees as specified in the City's policies;
and
WHEREAS, the City is eligible to participate in the Program, atax-exempt trust and
plan performing an essential governmental function within the meaning of
Section 115 of the Internal Revenue Code, as amended, and the
Regulations issued thereunder, and is atax-exempt trust under the
relevant statutory provisions of the State of Texas; NOW THEREFORE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND
HILLS, TEXAS:
Section 1: The City Council hereby adopts the PARS Public Agencies Post-
Retirement Health Care Plan Trust, including the PARS Public Agencies
Post-Retirement Health Care Plan, as part of the City Retirement
Program, effective January 25, 2010; and
Section 2: The City Council hereby appoints the City Manager or his designee as the
City's Plan Administrator for the Program; and
Section 3. The City's Plan Administrator is hereby authorized to execute the PARS
legal documents on behalf of the City and to take whatever additional
actions are necessary to maintain the City's participation in the Program
and to maintain compliance of any relevant regulation issued or as may be
issued; therefore, authorizing him/her to take whatever additional actions
are required to administer the City's PARS plan(s).
AND IT IS SO RESOLVED.
PA~~,~'~PROVED on the 25th day of January, 2010.
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~'~~a,,,~~ll~ "',~,~ ~ ~~ Oscar Trevino, Mayor
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Patricia Hutson, City Secretary
Resolution No. 2010-004
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APPR RM AND LEGALITY:
Geor A. Staples, Ci Attorn
APPROVED AS TO CONTENT:
Larry Koon irector of Finance
Resolution No. 2010-004
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