HomeMy WebLinkAboutOCSD 03-27 (REPEALED)! \.
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RESOLUTION NO. 03-27
AUTHORIZING THE DIRECTOR OF HUMAN RESOURCES TO APPOINT OR
EMPLOY AGENTS OR ADVISORS TO IMPLEMENT AND ADMINISTER
DISTRICT'S DEFERRED COMPENSATION PLAN LOAN PROGRAM
A RESOLUTION OF THE BOARD OF DIRECTOS OF ORANGE COUNTY
SANITATION DISTRICT AUTHORIZING THE DIRECTOR OF HUMAN
RESOURCES TO APPOINT OR EMPLOY AGENTS OR ADVISORS TO
IMPLEMENT AND ADMINISTER THE DISTRICT'S DEFERRED
COMPENSATION PLAN LOAN PROGRAM
WHEREAS, on May 28, 2003, the Board of Directors adopted Resolution No. 03-10,
approving the Orange County Sanitation District Amended Deferred Compensation Plan [2003]
for Officers and Employees of the District ("Plan"); and
WHEREAS, pursuant to the Plan, the District appointed the Director of Human
Resources to act as the Plan Administrator; and
WHEREAS, the Plan authorizes the Plan Administrator to make loans on behalf of the
District from the Trust Fund to Plan Participants, according to specific terms and conditions as
the District may prescribe; and
WHEREAS, the Plan further authorizes the Plan Administrator to appoint or employ for
the Plan any agent or advisor necessary to assist in discharging the Plan Administrator's duties;
and
WHEREAS, the Plan Administrator desires to employ the services of agents or advisors
to implement and administer the District's Deferred Compensation Plan Loan Program.
NOW, THEREFORE, the Board of Directors of the Orange County Sanitation District,
DOES HEREBY RESOLVE, DETERMINE, AND ORDER:
Section 1: The above Recitals are true and correct.
Section 2: That pursuant to Exhibit "A" of the District's Deferred Compensation Plan
(Resolution No. OCSD 03-10), the Plan Administrator is hereby authorized to appoint or employ
REPEALED BY
OCSD 09-02
the services of Lincoln National, Valic and International City/County Management Association to
act as agents or advisors for the purpose of implementing and administering the District's
Deferred Compensation Plan Loan Program.
Section 3: The Plan Administrator, or her designee, is hereby authorized to execute,
on behalf of the District, any and all documents necessary to effect said Loan Program, with the
approval as to form by the District's General Counsel.
PASSED AND ADOPTED at a regular meeting of the Board of Directors held
November 19, 2003.
ATTEST:
G:lwp.dta\admin\BS\Resolutions\2003103-27 .Def erred Comp .doc
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Revised 10.28.Q3