HomeMy WebLinkAboutResolution 2001-08 i
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RESOLUTION NO 01 -08
A RESOLUTION OF THE CITY OF CAPE CANAVERAL OF
BREVARD COUNTY, FLORIDA; AMENDING THE
RETIREMENT PLAN AND TRUST FOR THE EMPLOYEES
OF THE CITY; PROVIDING FOR THE REPEAL OF
CONFLICTING RESOLUTIONS; AND PROVIDING AN
EFFECTIVE DATE.
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WHEREAS, the City Council established a Retirement Plan and Trust for the
employees of the City of Cape Canaveral pursuant to Resolution Number 88 -20; and
WHEREAS, the Retirement Plan and Trust agreement was executed on April 1,
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1988; and
WHEREAS, the Retirement Plan and Trust for the employees of the City of Cape
Canaveral participates in the Florida Municipal Pension Trust Fund ( "FMPTF ") and
participation in the Florida Municipal Pension Trust Fund requires adoption of the
FMPTF's Investment Policy; and
WHEREAS, Exhibit A of the Retirement Plan and Trust is the Master Trust
Agreement of the Florida Municipal Pension Trust Fund; and
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WHEREAS, the Master Trust Agreement of the Florida Municipal Pension Trust
Fund has been amended to provide for consistency of governing documents of the
FMPTF and to provide for a separate Investment Policy.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Cape
Canaveral, Brevard County, Florida, as follows:
Ci Section 1. The City Council of the City of Cape Canaveral in its capacity as
the Trustee of the Retirement Plan and Trust for the employees of the City of Cape
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City of Cape Canaveral, Florida
Resolution No. 01 -08
Page 2
1 [ Section 1. The City Council of the City of Cape Canaveral in its capacity as
the Trustee of the Retirement Plan and Trust for the employees of the City of Cape
Canaveral hereby approves and adopts the revised Master Trust Agreement attached
as Exhibit A.
Section 2. The City Council of the City of Cape Canaveral in its capacity as
the Trustee of the Retirement Plan and Trust for the employees of the City of Cape
I Canaveral hereby approves and adopts the Amended and Restated Florida Municipal
Pension Trust Fund Investment Policy.
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Section 3. The City Council of the City of Cape Canaveral hereby empowers
I the Mayor or his /her appointee of the City of Cape Canaveral with the authority to
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execute such documents and agreements as are required to effectuate this amendment
of the Retirement Plan and Trust.
Section 4. All Resolutions or parts of Resolutions in conflict with this
Resolution are hereby repealed.
Section 5. This Resolution and the revised Master Trust Agreement and
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Amended and Restated FMPTF Investment Policy shall be effective October 1, 2000.
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1 City of Cape Canaveral, Florida
Resolution No. 01 -08
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ADOPTED BY the City Council of the City of Cape Canaveral, Brevard County,
Florida, this 6th day of March, 2001.
., C.) V c:%,,,,,c (S4
I a Rocky Randels, MAYOR
ATTEST: FOR AGAINST
P Burt Bruns X
Susan Stills, CITY CLERK Buzz Petsos Motion
Rocky Randels x
Richard Treverton x
-Re : i . • FOR1J
Larry Weber Second
Kohn Bennett, -` - 71d RNEY
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