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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 6228 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />ADOPTING THE VANTAGECARE RETIREMENT HEALTH SAVINGS PROGRAM <br /> <br />WHEREAS, the City of Mounds View wishes to provide benefit options to employees <br />that maximize the value of compensation from the City; and <br /> <br />WHEREAS, the establishment of a retirement health savings program allows the <br />employees to provide a resource to meet their health needs during retirement with a flexible <br />system based on tax advantages for the City and the employees; and <br /> <br />WHEREAS, the retirement health savings program is a valuable benefit that assists in <br />the attraction and retention of competent employees. <br /> <br />NOW THEREFORE, BE IT RESOLVED, that the City Council adopts the Plan in the <br />form of the ICMA Retirement Corporation's VantageCare Retirement Health Savings <br />Program. <br /> <br />BE IT FURTHER RESOLVED, that assets of the Plan shall be held in trust, with the <br />City of Mounds View serving as trustee, for the exclusive benefit of Plan participants and <br />their beneficiaries, and the assets of the Plan shall not be diverted to any other purpose prior <br />to the satisfaction of all liabilities of the Plan. <br /> <br />BE IT FURTHER RESOLVED, that the City Council authorizes the Mayor to sign the <br />Declaration of Trust of the City of Mounds View Integral Part Trust in the form of the model <br />trust made available by the ICMA Retirement Corporation. <br /> <br />BE IT FURTHER RESOLVED, that the City's Finance Director shall be the <br />coordinator and contact for the Plan and shall receive necessary reports and notices. <br /> <br />Adopted this 1 th day of April 2004. <br /> <br /> <br />ATTEST: <br /> <br />/ZJ( b~ <br /> <br />Kurt Ulrich, City Administrator <br /> <br />(SEAL) <br />