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HomeMy WebLinkAboutOrd. No. 1995-0998 ORD!NANCE NO. 998 - All ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, AUTHORIZING AN AMENDMENT TO THE CONTRACT WITH THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES RETIREMENT SYSTEM. WHEREAS, the City Counci~ of the City of Lake Elsinore, did adopt a Resolution of Intel.~' ion to amend the existing contract with the Public Employees Ret~~~ment system on behalf of its employees on May 11, 19S5; ~nd WHEREAS, r'..~::"s'L'..::.mt to 1994-96 Memorandum of Understanding with the Public Employees of Riverside county (P.E.R.C.) the City Council has agreed to provide a retirement formula of 2% at 55 for its employees; NOW, THEREFORE, BE IT ORDAINED as follows: Section 1. That an amendment. to the contract between the City Council of tte City of La~e Elsinore and the Board of Administration, Califo~nia Public Employees' Retirement System is hereby authorized, a copy of said amendment being attached hereto, mar}~ed Exhibit, and by such reference made a part hereof as though herein set O'..lt in ft..:l. - Section 2. The city Manager of the city of Lake Elsinore is hereby authorized, empowered and directed to execute said amendment for and on behalf of said Agency. Section 3. This Ordinance shall take effect 30 days after the date of its adoption, and prior to the exp~ration of 15 days from the passage thereof shall be published at least once in the Lake Elsinore Valley Sun Tribune, a newspaper of general circula't~on, published and circulated in the city of Lake Elsinore and thenceforth and thereafter the same shall e in full force and effect. INTRODUCED AND ADOPTED upon first reading this 9th day of May, 1995, upon the following roll call vote: AYES: COUNCILMEMBERS: ALONGI, BENDER, PAPE, WASHBURN NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: BRINLEY ABSTAIN: COUNCILMEMBEPS: NONE PASSED, APPROVED AND ADOPTED upon second reading this 13th day of June, 1995, upon the following roll call vote: AYES: COUNCILMEMBERb: ALONGI, BENDER, BRINLEY, PAPE, WASHBURN NOES: COUNCILMEMBERS: NONE PAGE TWO - ORDINANCE NO. 998 ABSENT: COUNCILHEKBERS: NONE ABSTAIN: COUNCILHEKBERS: NONE .- CLERK ~TY ATTORNEY - - I/};;L GAR ~BBtJRN, IIAYOR CIT(j F LAKE ELSINORE --, I STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE) - I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the foregoing Ordinance was read by title only for adoption on May 9, 1995, and passed on June 13, 1995, by the following roll call vote: AYES: COUNCILMEMBERS: ALONGI, BENDER, BRINLEY, PAPE, WASHBURN NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE i~w VICKlrr~SAD, CITY CLERK CITY OF LAKE E~SINORE COUNCILMEMBERS: NONE (SEAL) - STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS: CITY OF LAKE ELSINORE) I, VICKI KASAD, CITY CLERK OF THE CITY OF LAKE ELSINORE, DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of Ordinance No. 998 of said Council, and that the same has not been amended or repealed. DATED: June 15, 1995 2( (\. ~ V. ~~D, r'ITY CLERK CIXY OF :LAKE EL~INORE (SEAL)