HomeMy WebLinkAbout1997-255
RESOLUTION NO. 97-255
1
2 RESOLUTION OF 1HE CITY OF SAN BERNARDINO AUTIIORIZING A
SECOND AMENDMENT TO 1HE AGREEMENT WTIlI GREAT WESfERN
3 SAVINGS FOR SERVICES AS ADMINISTRATOR OF 1HE CITY'S DEFERRED
4 COMPENSATION PLAN BY MODIFYING EXIllBIT nAn TO INCLUDE
ADDffiONAL INVESTMENT VEIllCLES.
5
BE IT RESOLVED BY 1HE MAYOR AND COMMON CODNCR. OF 1HE
6 CITY OF SAN BERNARDINO AS FOllOWS:
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Section 1. The Mayor of the City of San Bernardino is hereby authorized and
directed to execute on behalf of said City a second amendment to the agreement with great
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Western Savings for services as administrator of the City's Deferred Compensation Plan,
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11 by modifying Exhibit "A" to include additional investment vehicles, a copy of which is
12 attached hereto, marked Exhibit "A" and incorporated herein by reference as fully as
13 though set forth at length.
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15
Section 2. The authorization to execute the above referenced amendment is
rescinded if it is not executed within sixty (60) days of the passage of this resolution.
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III
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III
III
20 III
21 III
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III
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24 III
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26 III
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August 12, 1997 1
28
,
97-2
RESOLUTION AUlHORIZING SECOND AMENDMENT WITH GREAT WESTERN
1 SAVINGS
2 I HEREBY CERTIFY that the foregoing resolution was duly adopted by the Mayor
3 and Common Council of the City of San Bernardino at a joint regular meeting thereof,
4
held on the 18th day of August
5
, 1997, by the following vote, to wit:
Council Members AYES NAYS
6
NEGRETE x
7
CURLIN x
8
9 ARIAS x
10 x
OBERHELMAN
11 DEVLIN x
12
ANDERSON
13
14 MILLER
15
ABSTAIN ABSENT
x
x
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17
18
19
20
~~ ~vJL-
City Clerk
The foregoing resolution is hereby approved this IJ..!!day of
August , 1997.
~--/~
) e72{ /~~
TOM MINOR, Mayor
City of San Bernardino
21 Approved as to form and
22 legal content:
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24
25
26
By:
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August 12, 1997
2
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Exhibit "A"
97-255
II" FundSelect@ "Core List" and List Requested by San Bernardino
I Aaet Cia.. I Catllaorv l ObiectivtlStvle I Fund I.... - 1-11"1 -
CORE OPTIONS Aec_ed
"ExteftdedList"
ftxolI_ X FDIC Inlured Liquid Sa.g' Great W..tem B..... .
X FDIC I....... Clftificltn of Deposit Great Wutern lank. 3 Vear CD
X FDIC Inwred CertificateS of GrlNlt Western Sank - 5 VHI' CD
- X I_"e.., Hlghllaollty Vangll8rd IkNtd Inde. Total Bond M8fket X
- X u,ge C.,/Blend GrowtII It Income Vangulrd Index 500 X
" va. wish ID odd only the __HIed "Extendod list" ldeftdlIed In ..- below,
....... ..
D
EXTENOED LIST ~[')I1JCk the boxes below fur indM<bIl selections, .......-ed .... t _ .. ..1ft..." .~
"E_ Usl" _lilt" -
- X ...... - Ill. loW - _USs..._ t........ A .
X _.eoro Goo.... Bond FIIIMI .f America X X
X I........... Corp High.,...... K......... High YIeld A X X
~c., X -~ - 1_ Ceroiervi'al.ocM"
- X -- - I_- X X
X -- - X X
X -- -- FIMIIty---
X -- -- --_._"
X D.....1Ic Hybrid Asset_eti.. Income find Gf Ameriel X X X
X larve Cap Value Eo"" lee.... FId.1ity EqeIty Inc.... X X X
X ~Ceov_ T.;;;;;;_ _E__n"
X large Cap VltIve Growth fr hM:tIme K.....',D...... HigIl_. Equity A X X
X large Cap Valae Growth It bteome Washingtoft Mutual fnvestofl X X X X
X v_ -.- _n X X
X v_ -.- __'_A"
X La...C.,_ Gt_....ome 1...._~"'oI_ X X X
X Large Cap Btnd Gt_ F_eo.u._ X X X
X urge Cap Blend GtoWllo J.... X X
X - - X X
X u-ee, _ - FlHIIIy--- "
X Lam. c.. G..wth Growth Growth F.... of_ X X X
X Iu-ee,_ - - .---
X - - - .---
X - - -- IRt..... .
X La". Cop Gt_ SocIaIyCoMc:loes Dreyfu. TloWd_ X
X lIMa. C..llfowth _Iiw Growth _. CeotIny-Z01II_. Ultra X X X
--....
Page 1
EX-H/8rT"fl"
97-255
Exhibit "A"
l Obiecti~tyI. I
fund
Conophd _1....t..7...
I Asset Class I Cateaory
EXTENDED LIST
(CONTINUED' Recommtmded .... t ... .. ..IKln" IllattKt
"Ext8nded list" "SIl_ l:.--._ -
MIll eo, X Mid CliP VIII.e Growth ., lacome fnnddin Mutuel aeaCOflI X X
.... X Mid Cap Blend Gr...... Hetrbef"... It Benn... Partmlrl Trust X
X MHI Cap Blotul Gr...... PBHG Gr_ X X
X MIll Coo_ - """';v";-'A X
X MId c._ - -- A X
X MId c._ - - --
-eo, X Sm.. Cap Blond Smtdt CompMIy Of A US 9-10 S..... c-.. X
.... X _c._ - lIlomI__A-
X _c._ - _an:__A
X Sm_n Cap Growth ,,",MIMI Growth x.atma.. X X
"'""deaI X WOfIdStock WortdS\1lCt< JIIIUS WoricIwid. X X X
- X Fore.... Stock for. Stock T........ f.....' X X X
-- -.- ---- -
X
X -- ;-.- 1IIm....._1I I'~A.
X Foreign Stock f...... SID"" E__Gr_ X X X X
.
0... .. _ ""'In.......... from tIteae ......, they ,will" dIsoon1Inaed 110m IIIe plan.
EmPove< Name:
City of San Bernardino
E""",,,,,#
244
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Page 2
97-255'
I. Amended Exhibit A
The Administrative Agreement "Vith, ~reat westea Bank and any Exhibit A thereto is
hereby amended effective the~ day of . tl;/0'f , 1997 as follows:
l;-t (i ehlJ.1J
A Exhibit A and/or any successor amendment(s) are hereby deleted and
replaced in their entirety by this Amended Exhibit A which incorporates by
reference those investment options contained on the FundSelec~ "Core
List" attached hereto as Item II or any FundSelectl!> "Extended List", if so
applicable, as the onlv investment options available under the deferred
compensation plan as of the effective date listed above,
B, Employer agrees that FundSelectl!> Advisers, Inc" ("FundSelec~) may
unilaterally add new investment options to the plan quarterly and/or
replace existing investment options annually or on such other frequency
as agreed to in writing by Employer and FundSelec~.
C, Employer agrees to be bound by the terms of the "Procedures for
Removing Investment Options" attached hereto as Item III.
0, Employer agrees the effective date for offering the investment options
outlined on the FundSelectl!> "Core List" will be the first day of the month at
least one month subsequent to the month the Amended Exhibit A is
executed,
E, Employer agrees to restrict the total investment options of the plan to not
exceed those provided on the FundSelectl!> "Core List", or the total of
such other investment options which Employer and FundSelectl!> mutually
agree to substitute and/or add to those provided on the FundSelec~ "Core
List",
Employer: City of San Bernardino Great Western Bank:
Employer #:
By:;f/;/r/&~ 0~ !res
Date: I ff:3;4 7
By:
~/lcia~
Date: 1'~ f- 91