HomeMy WebLinkAboutCity Council Resolution 1973-343VILLAGE OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting
of the Village Council of the Village of Plymouth, Minnesota, was
held on the 20th day of August, 1473• The following members were
present: Mayor Hilde, Councilmen Hunt, Neils, Seibold and Spaeth.
iNo members were absent.
fCouncilman Neils introduced the following Resolution and
`moved its adoption:
RESOLUTION NO. 73-343
WHEREAS, the Village has in its employ James G. Willis in the
position of Village Manager,. and
WHEREAS, James G Willis is and will be rendering valuable
services to the Village.; and
WHEREAS, the Village -has considered the establishment of a
Deferred Compensation Plan for.the Village Manager, James G. Willis
made available to the Village and to the Village Manager by the
International City Management Association Retirement Corporation;
and
WHEREAS, certain income tax.benefits accrue to the Village
Manager through participation in the said plan, and
WHEREAS, the Village recognizes that the tax advantages of
the said plan to the Village Manager constitutes a benefit to the
Village by allowing the Village to offer an additional "fringe
benefit" in recruiting and retaining qualified personnel in its
employment at no cost or charge to the Village.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Village Council
of the Village of Plymouth that the Village establish the said
Deferred Compensation Plan for the Village Manager, James G. Willis .
and agree to the Trust Agreement with the International City
Management Association Retirement Corporation and the Deferred
Compensation Employment Agreement.