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<br /> <br />fe-SOlfl( oJA- <br /> <br />6801 Delmar Boulevard, University City, Missouri 63130, Phone: (314) 862-6767, Fax: (314) 863-9146 <br /> <br />RESOLUTION <br /> <br />and <br /> <br />WHEREAS, the City of University City has employees rendering valuable services, <br /> <br />WHEREAS, the establishment of a retiree health savings plan for such employees <br />serves the interests of Employer by enabling it to provide reasonable security regarding such <br />employees' health needs during retirement, by providing increased flexibility in its personnel <br />management system, and by assisting in the attraction and retention of competent personnel; <br />and <br /> <br />WHEREAS, the City of University City has determined that the establishment of the <br />retiree health savings plan (the "Plan") serves the above objectives. <br /> <br />NOW, THEREFORE BE IT RESOLVED, that the City of University City hereby <br />adopts the Plan in the form of the ICMA Retirement Corporation's VantageCare Retirement <br />Health Savings program. <br /> <br />BE IT FURTHER RESOLVED that the assets of the Plan shall be held in trust, with the <br />City of University City serving as trustee, for the exclusive benefit of Plan participants and <br />their beneficiaries, and the assets of the Plan shall not be diverted to any other purpose prior to <br />the satisfaction of all liabilities of the Plan. The City of University City has executed the <br />Declaration of Trust of the City of University City in the form of the model trust made <br />available by the ICMA Retirement Corporation. <br /> <br />BE IT FURTHER RESOVLED that the City Manager or the City Manager's designee <br />shall be the coordinator and contact for the Plan and shall receive necessary reports, notices, <br />etc. <br /> <br />APPROVED this lL day of ~iO j <br /> <br />.~~ <br /> <br />City Clerk <br /> <br />,2005. <br /> <br /> <br />> <br />