08-22-22 CC Packet - Laserfiche WebLink

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RESOLUTION NO. 2022 - 17 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, APPROVING THE ADOPTION OF THE PUBLIC AGENCIES POST-RETIREMENT HEALTH CARE PLAN TRUST ADMINISTERED BY PUBLIC AGENCY RETIREMENT SERVICES (PARS) WHEREAS, PARS has made available the Public Agencies Post-Retirement Health Care Plan Trust purpose of prefunding Other Post-obligations; and WHEREAS, the City of La Porte a tax-exempt trust performing an essential governmental function within the meaning of Section 115 of the Internal Revenue Code, as amended, and the Regulations issued there under, and is a tax-exempt trust under the relevant statutory provisions of the State of Texas; and to post-employment benefits; and WHEREAS, the terms and conditions of post-employment benefit entitlement, if any, are governed by contracts separate from and independent of the Program; and e any new vested right to any benefit nor strengthen any existing vested right; and WHEREAS, the City reserves the right to make contributions, if any, to the Program. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LA PORTE, TEXAS, THAT: 1. The City Council of the City of La Porte, Texas, hereby adopts the PARS Public Agencies Post-Retirement Health Care Plan Trust, including the PARS Public Agencies Post-Retirement Health Care Plan, effective August 22, 2022; and 2. The City Council of the City of La Porte, Texas, hereby appoints the City Manager, or his/her successor or his/her designee, as the Plan Administrator for the Program; and 3. The Plan Administrator is hereby authorized to execute the PARS legal and administrative documents on behalf the Program and to maintain compliance of any relevant regulation issued or as may be issued; therefore, . 4. The City Council officially finds, determines, recites and declares that a sufficient written notice of the date, hour, place and subject of this meeting of the City Council was posted at a place convenient to the public at the offices of City of La Porte for the time required by law preceding this meeting, as required by the Open Meetings Law, Chapter 551, Texas Government Code; and that this meeting has been open to the public as required by law at all times during which this resolution and the subject matter thereof has been discussed, considered and formally acted upon. The City Council further ratifies, approves and confirms such written notice and the contents and posting thereof. PASSED and APPROVED this, the ___ day of ___________, 2022. CITY OF LA PORTE, TEXAS __________________________________ Louis R. Rigby, Mayor