2826Adopted by the City Council on December 12, 2006.
Ronald C. Covey, M or
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RESOLUTION NO. 2826
A RESOLUTION AMENDING THE CITY OF MOSES LAKE'S DEFERRED COMPENSATION PLAN
NO. 302370 WITH ICMA-RC
Recitals:
1.The City of Moses Lake has employees rendering valuable service.
2.The City of Moses Lake has established a deferred compensation plan for such employees that
serves the interest of the City of Moses Lake by enabling it to provide 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.
3.The City of Moses Lake has determined that the continuance of the deferred compensation plan
(Plan) will serve these objectives.
Resolved:
1.The City of Moses Lake hereby amends and restates the deferred compensation plan in the form of
the ICMA Retirement Corporation Deferred Compensation Plan and Trust.
2.The assets of the Plan shall be held in trust, with the City of Moses Lake serving as trustee (Trustee),
for the exclusive benefit of Plan participants and their beneficiaries, and the assets shall not be
diverted to any other purpose. The Trustee's beneficial ownership of Plan assets held in
VantageTrust shall be held for the further exclusive benefit of the Plan participants and their
beneficiaries.
3.The City of Moses Lake agrees to serve as Trustee under the Plan.
ATTEST:
I, Ronald R. Cone, Finance Director and Clerk of the City of Moses Lake, do hereby certify that the foregoing
resolution, proposed by the Trustee, was duly passed and adopted by the City Council of the City of Moses
Lake at a regular meeting thereof assembled the 12 th day of December, 2006 by unanimous vote.
onald Cone, Finance Director
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