HomeMy WebLinkAbout2004-168 Council Resolution•
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CITY OF LINO LAKES
RESOLUTION 04 -168
RESOLUTION AMENDING THE CITY OF LINO LAKES FLEXIBLE SPENDING
ACCOUNTS PLAN
WHEREAS,
WHEREAS,
the Plan was adopted per Resolution No. 78 -90 with the effective
date of January 1, 1991, and
the Plan was amended and restated per Resolution No 95 -156 with
an effective date of January 1, 1996, and per Resolution No. 00 -19
with an effective date of January 1, 2001 and per Resolution 03 -07
with an effective date of January 1, 2003 and per Resolution 03 -50
with an effective date of April 14, 2003, and again per Resolution
03 -182 with an effective date of January 1, 2004, and
WHEREAS, the City of Lino Lakes provides employees with an opportunity to
pay for certain employee welfare benefits on a pre -tax basis
through the above mentioned Plan; and
WHEREAS, the city considers it desirable and in the best interests of the Plan to
make the following amendments to the Plan;
NOW, THEREFORE BE IT RESOLVED, pursuant to the authority reserved in the
Plan to allow amendments to the Plan, the Plan is amended to use
the Final Cobra Regulations issued on May 26, 2004.
FURTHER BE IT RESOLVED, that the City of Lino Lakes Flexible Spending
Accounts Plan is amended effective January 1, 2005.
BE IT FURTHER RESOLVED, that appropriate officers of the city are hereby
authorized to make such contributions from the funds of the
Employer as are necessary to carry out the provisions of said plan
at any time; and
BE IT FURTHER RESOLVED, that in the event any conflict arises between the
provisions of said Plan and the Employee Retirement income
Security Act of 1974 (ERISA) or any other applicable law or
regulation (as such law or regulation may be interpreted or
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amended), the City of Lino Lakes will resolve such conflict in a
manner which complies with ERISA or such law or regulation.
Adopted by the Lino Lakes City Council the 8th day of November, 2004.
Ann BI , City Clerk
n J. B rges n, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by
Council Member -5i-- 11-z and upon vote being taken thereon, the
following voted in favor thereof:
The following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
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CONSENT AGENDA ITEM IC
STAFF ORIGINATOR: Al Rolek
MEETING DATE: November 8, 2004
TOPIC: Resolution 04 -168 Amending the City of Lino Lakes
Flexible Spending Accounts Plan
VOTE REQUIRED: Simple Majority (3/5 vote)
BACKGROUND:
The City maintains a flexible spending accounts plan through which employees
may elect to pay for medical and daycare expenses using pre -tax income. From
time to time it is necessary to update our plan documents to comply with and
incorporate new regulations. It is recommended that the city's Flexible
Spending Accounts Plan be amended to include the following change;
1. Effective January 1, 2005, the City of Lino Lakes Flexible Spending
Plan will operate using the Final COBRA Regulations issued May, 26,
2004 and that the Plan Document be amended effective January 1,
2005.
Resolution 04 -168 incorporates the above changes into the current plan
document
OPTIONS:
1. Approve Resolution 04-168
2. Deny Resolution 04 -168
RECOMMENDATION:
Option 1