HomeMy WebLinkAboutCC RES 12-16RESOLUTION NO. 12-16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, CALIFORNIA, RELATING TO AMENDING A
RETIREMENT PLAN TO PERMIT LOANS
The City Council of the City of Tustin does hereby resolve as follows:
WHEREAS, the City of Tustin {"Employer"} has employees rendering valuable
services;
WHEREAS, the Employer has established a retirement plan {the "Plan"} for such
employees which serves the interest of the Employer by enabling it to pravide
reasonable retirement security for its employees, by providing increased flexibility in its
personnel management system, and by assisting in the attraction and retention of
competent personnel;
WHEREAS, the Employer has determined that permitting participants in the
retirement plan to take loans from the Plan will serve these objectives;
NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows:
That the Plan to permit loans, is hereby approved.
PASSED AND ADOPTED by the City Council of the City off.-T~rstin, a~r~ regular
meeting on the 20t" day of March, 2412. ~ ,. s.
~-~-
f
~~ ~ s
JOHN NIELSEN,
Mayor
ATTEST:
PAMELA STOKER,
City Clerk
Resolution 12-16
Page 1 of 2
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, do hereby certify tha# the whole number of the members of the City Council
of the City of Tustin is five; that the above and foregoing Resolution No. 12-16 was duly
passed and adopted at a regular meeting of the Tustin City Council, held on the 20t"day
of March, 2012, by the following vote:
COUNCIt_MEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
PAMELA STOKER,
City Glerk
Nielsen, Murray, Arnante, Gavello, Gornez (5)
None (~)
None (~)
None (~)
Resolution 12-16
Page 2 of 2