HomeMy WebLinkAboutReso 1999-19568 RESOLUTION NO. 19568
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING THE ASSIGNMENT OF THE DEFERRED
COMPENSATION PLAN ADMINISTRATION AGREEMENT FROM
GREAT WESTERN BANK TO NATIONAL DEFERRED
COMPENSATION, INC.
WHEREAS, Great Western Bank, one of the contract administrators of the City's
Deferred Compensation Plan, is requesting approval of an assignment of its rights and
responsibilities under the current Deferred Compensation Plan Administration Agreement to
National Deferred Compensation, Inc.; and
WHEREAS, such an assignment is provided for under Section 15 of the Administration
Agreement and will not result in any changes to the current Plan, its investment options,
charges, or administrative services.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby approve the Assignment of Deferred Compensation Plan Administration Agreement
from Great Western Bank to National Deferred Compensation, Inc., a copy of which shall be
kept on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Director of Finance is hereby authorized and
directed to execute the Assignment Agreement on behalf of the City of Chula Vista.
Presented by Approved as to form by
~"~rt Powell J'/n M. Kaheny ~
Finance Director ~/~tit; Attorney
Resolution 19568
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of August, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Sh~ayo~
ATTEST:
Susan Bigelow, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 19568 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 17th day of August, 1999.
Executed this 17'h day of August, 1999.
Susan Bigelow, City Clerk