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Home My WebLink About2004-171 CCRMember Kay Lasman introduced the following resolution and moved its adoption: RESOLUTION NO. 2004-171 RESOLUTION ADOPTING THE VANTAGECARE RETIREMENT HEALTH SAVINGS (RHS) PROGRAM WHEREAS, the City of Brooklyn Center (the "Employer") has employees rendering valuable services; and WHEREAS, the establishment of a retiree health savings plan for such employees serves the interests of the Employer by enabling it to provide reasonable security regarding such employees' health needs during retirement, by providing increased flexibility in its personnel management system, and by assisting in the attraction and retention of competent personnel; and WHEREAS, the Employer has determined that the establishment of the retiree health savings plan (the "Plan") serves the above objectives. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Brooklyn Center that it adopts the Plan in the form of the ICMA Retirement Corporation's VantageCare Retirement Health Savings program and that the City Manager be and hereby is authorized to execute such amendments to the existing agreement as may be necessary to effectuate participation in the Vantagecare Retirement Health Savings Plan and to execute the Vantagecare Health Savings Plan adoption agreement. BE IT FURTHER RESOLVED, that the assets of the Plan shall be held in trust, with the Employer serving as trustee, for the exclusive benefit of Plan participants and their beneficiaries, and the assets of the Plan shall not be diverted to any other purpose prior to the satisfaction of all liabilities of the Plan. The Employer has executed the Declaration of Trust of the City of Brooklyn Center Integral Part Trust in the form of the trust provided by the Employer. BE IT FURTHER RESOLVED, that the Human Resources Director shall be the coordinator and contact for the Plan and shall receive necessary reports, notices, and other documentation. November 22. 2004 ,CA ATTEST: Je City Clerk Mayo The motion for the adoption of the foregoing resolution was duly seconded by member Kathleen Carmody and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe; and the following voted against the same: none; whereupon said resolution was declared duly passed and adopted.