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HomeMy WebLinkAboutResolution 1981 - 0166 (REPEALED) (AMENDED)cT.,4 RESOLUTION NO.81-166 APPROVING REVISED DEFERRED COMPENSATION PLAN FOR OFFICERS AND EMPLOYEES A JOINT RESOLUTION OF THE BOARDS OF DIRECTORS OF COUNTY SANITATION DISTRICTS NOS.1,2,3,5,6,7 AND 11 OF ORANGE COUNTY,CALIFORNIA,APPROVING A REVISED DEFERRED COMPENSATION PLAN FOR THE OFFICERS AND EMPLOYEES OF THE DISTRICT,AMENDING RESOLUTION NO.79-176,AND REPEALING RESOLUTIONS NOS.81—23 AND 81—49 WHEREAS,pursuant to Resolution No.75—98,the Boards of Directors initially established the Deferred Compensation Plan for management and supervisory employees of the District on July 9,1975;and, WHEREAS,said Deferred Compensation Plan was subsequently amended and approved by the Boards of Directors to encompass the management employees of the District,non—management employees of the District,and the District Directors and Officers;and, WHEREAS,certain changes in the federal law pertaining to Deferred Compensation Plans adopted and administered by public agencies were enacted subsequent to the adoption of said Plan;and, WHEREAS,the District drafted a revised Plan and Agreement for submittal to the United States Internal Revenue Service in conformity with the requirements of Internal Revenue Code Section 457;and, WHEREAS,the revised Plan of the District was approved by the Internal Revenue Service on July 24,1981;and, WHEREAS,the Directors desire to adopt the Internal Revenue Service— approved Plan as the operative Plan of the District,and to repeal all prior Plans pertaining thereto. NOW,THEREFORE,THE Boards of Directors of County Sanitation Districts Nos. 1,2,3,5,6,7 and 11 of Orange County,California, ~4 .~‘, DO HEREBY RESOtaVE,DETERMINE P~ND ORDER: Section 1 That Section 2 of Resolution No.79—176,as amended,is hereby further amended to read: “2 The Deferred Compensation Plan of County Sanitation Districts of Orange County,California dated and approved by the Internal Revenue Service on July 24,1981,is hereby approved.A copy of said Plan is attached hereto,marked Exhibit “A”,and incorporated in this resolution hereat by reference as though set forth at length.” Section 2 That Section 3 of Resolution No.79—176,as amended,is hereby further amended to read: “3 Participation in said plan is hereby authorized for all officers and employees of the District,including part—time and contract employees and District Directors.” Section 3 That Resolutions Nos.81—23 and 81—49 are hereby repealed. PASSED P1ND ADOPTED at a regular meeting held October 14,1981. b STATE OF CALIFORNIA) COUNTY OF ORANGE SS. I,J.WAYNE SYLVESTER,Secretary of the Boards of Directors of County Sanitation Districts Nos.1,2,3,5,6,7 and 11 of Orange County, California,do hereby certify that the foregoing Resolution No.81—166 was passed and adopted at a regular meeting of said Boards on the 14th day of October,1981,by the following vote,to wit: AYES:Marvin Adler,Ruth Bailey,John C.Cox,Jr.,Norman Culver, Richard Edgar,Bruce Fin].ayson,Ruth Finley,Don Fox, Sal Gambina,Robert Hanson,Evelyn Hart,Jacqueline Heather, Donald A.Holt,Jr.,Elvin Hutchison,Frank Laszlo, Robert Luxembourger,Gerald Mullen,Ben Nielsen,Ron Pattinson, Bob Perry,Ruthelyn Plummer,Lester J.Reese,Thomas Riley, Earl Roget,,Lawrence Romagnino,James Sharp,Roger Stanton, Charles Sylvia,Anthony van Dyke,Bill Vardoulis,James Wahner, Henry Wedaa,Dorothy Wedel,Harriett Wieder and Duane Winters NOES:None ABSENT:Carol Kawanami,Don Roth and Don Smith IN WITNESS WHEREOF,I have hereunto set my hand and affixed the official seal of County Sanitation District No.1 on behalf of itself and Districts Nos.2,3,5,6,7 and 11 of Orange County,California,this 14th day of October,1981. :er,Secretary~ ors,Couiity :rtcts Nos.1,.2,3, 11 of Orange County, Cali~