§ 250.04. DEFERRED COMPENSATION.

(a)

The City hereby adopts a deferred compensation plan in the form of the ICMA Retirement Corporation Deferred Compensation Plan, referred to as Appendix A and attached to original Resolution 96-138, passed April 8, 1996.

(b)

The City hereby executes the Declaration of Trust of the ICMA Retirement Trust, referred to as Appendix B and attached to original Resolution 96-138, passed April 8, 1996, intending such execution to be operative with respect to any retirement or deferred compensation plan subsequently established by the City, if the assets of the Plan are to be invested in the ICMA Retirement Trust.

(c)

The City Manager shall be the coordinator for the Plan; shall receive necessary reports, notices, etc. from the ICMA Retirement Corporation or the ICMA Retirement Trust; shall cast, on behalf of the City, any required votes under the ICMA Retirement Trust; may assign to the appropriate departments administrative duties to carry out the Plan; and is authorized to execute all necessary agreements with ICMA Retirement Corporation incidental to the administration of the Plan.

(Res. 96-138. Passed 4-8-96.)