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ST <br />ti p`�G1`v 0 <br />August 26, 1983 0, <br />CLERK - ADMINISTRATOR <br />CITY OF MOUNDS VIEW <br />2401 HIGHWAY IU <br />MOUNDS VIEW, MINNESOTA <br />55112 <br />Dear Sir/Madam: <br />ICMA <br />RETIREMENT <br />CORPORATION <br />1120 <br />p Streel <br />Norlhwesl <br />Suile 700 <br />Washinglon DC <br />20005 <br />Due to recent federal regulations and a decision to more <br />involve employers In the administration of our deferred <br />plan, we are amending the plan document and askinn that <br />the ICLMA Retirement 'trust. A full explanation of these <br />attached. <br />Area Code 202 <br />737.6616 <br />Toll free 800 <br />424.9249 <br />directly <br />compensation <br />you also Join <br />changes is <br />111e plan document we presently administer for you allows for amendments <br />to become effective if you do not flle an objection within 60 days of <br />ollr notice to you. This letter provides that notice. however, we have <br />packaned the revised plan with a resolution for your governing body <br />which addresses its adoption of the revision, as well as a Declaration <br />of Trust for the ICMA Hetirement Trust and certain minor amendments to <br />the current trust agreement between you and the Retirement Corporation. <br />The new.Retirement Trust provides for your participation in the <br />election of trustees to oversee the conduct of the program, but will <br />not result in a change in the unrJerlying investments. We believe this <br />new structure furtner demonstrates our commitment to the welfare of our <br />Participating employers and employees. <br />On October 24, 1983, the. hallnts for electing the first Board of <br />Trustees will be mailed to those employers which have formally adopted <br />the trust. If you have any questions, please call toil -free. at <br />800-424-9249. <br />Sincee/rely, <br />Peter L. DeGroote <br />President <br />PLU/mam <br />Enc. <br />The ICMA ealiremanl Cdporalion is Ile adolinislnlor of a dolensd colnpensalion Iolittswill plan ba stale alai local yuvemnenl "Wo Ile sponsmslup of. <br />Inlemliauil City Mm ffasmal Association • Municipal Fu m¢u 011icros Association • Inlonlalialal Roma. el AssocWiou, • Nalimml Inslilulo of <br />Mudclpal Law Office,$ • Nallouutl League of Cillos • Amadcan Sucluly for Public Adnllaislnlion • Anedcan Insllluln at Planers • Musical, Soclely of Plnmvng <br />011ldafs • Amadean Public Wods Assocatim • Amodcan Public Powot Association. Building Officints tml Cale ArGninisbnlors Inlomnlloeml • Amalcm, <br />AssoclMinul of AIM Cmcullvos • Intmuall.xwl 1... lllutn uI Mree:4ml l;Indn • Anunlann P.M.: ❑o, Mnadnluxu • lillrxrmlbx el A..r.anlllxl nI AnnnnM^1101flou. <br />