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�N HILLS <br />CITY OF ARDEN �iIL�S <br />COIJNT� O� RAMSEY <br />S�ATE �F 1V�INNESOTA <br />RESOLUTION NO. 2�10-042 <br />R.ESO�UTION FOR THE CITY �F ARDEN HILL RELAT�NG �fl A 1VI��TEY <br />PU�CHASE PLAN <br />PLAN NUMB�i� 106944 <br />WHEREAS, the E�ployer has employees rendering valuable services; and <br />WHE�AS, tl�e establishment of a rrioney p�rc�iase retirement plan benef ts employees by <br />pro�id�ng funds for retirernent and �unds for their beneficiaries �n the eve�t of death; and <br />WHEREAS, the �mployer desires that its money purchase ret�rement plan be admi�istered by <br />IC1ViA-RC and that the funds held in suc� p�ar� �e ir�vested in the VantageTrust, a trust <br />established by ��blic err�ployers for the collective investn�ent of funds held under t�eir <br />�etirerner�t and deferred compensation pla�s: <br />NOW, THEREF�RE, BE IT RESOLVED THAT the Ciiy o�Arden Hills i�ere�y �stablishes <br />or has established a money �urchase r�tire���t �1 �.� (t�� "�'lan"� �� ��� f��� ��: <br />• T�e IC1V�A Retirement Corporation Governmental Money Purchase �lan & Trus�, <br />pursuant to t�e spe�ific provisions of �l�e Ado�tior� Agreeme�x (executed copy �.ttached <br />�er��o}. <br />The �'�an sha�� be maintained for the exc�usive benefits of eligible ernploye�s and thei� <br />beneficiaries; and <br />BE I� FURTHER RESOL�ED t�at the Employer hereby executes the Declaratior� flf Trust of <br />VantageTrust, in�ending this execuiion to be o�e�ative with respect to any r�tirern�nt or deferred <br />c��npensation plan su�sequently esta�lished �y the E�nployer, if the assets of ti�� plan a�e to be <br />in�ested in VantageTrus�. <br />BE IT Fi.T�Z'T�iER RESOLVE� tha� t�e Employer �ereby agrees to serve as trus�ee under tl�e <br />Plan and to invest fu�ds held under the Plan i� t�e V�.ntageTrust: and <br />B� IT FLTR�'HER RESOL��D t�a� tl�e Fir�a.nce ��rector s�a�� be the coordinator fo� the �'�a�; <br />s�a�� rece�ve repo�ts, �otices, etc., fron� t�ie �C�A R�tiremer�t Corporation or t�e VantageTrust; <br />s�.all �ast, on be�al� of the E�p�oyer, and required votes �nder the VantageT�ust; may delegate <br />