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--A EN MILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2010-042 RESOLUTION FOR THE CITY OF ARDEN HILL RELATING TO A MONEY PURCHASE PLAN PLAN NUMBER 106944 WHEREAS,the Employer has employees rendering valuable services; and WHEREAS,the establishment of a money purchase retirement plan benefits employees by providing funds for retirement and funds for their beneficiaries in the event of death; and WHEREAS,the Employer desires that its money purchase retirement plan be administered by ICMA-RC and that the funds held in such plan be invested in the VantageTrust, a trust established by public employers for the collective investment of funds held under their retirement and deferred compensation plans: NOW, THEREFORE, BE IT RESOLVED THAT the City of Arden Hills hereby establishes - or has established a money purchase retirement plan(the "Plan") in the form of: • The ICMA Retirement Corporation Governmental Money Purchase Plan& Trust, pursuant to the specific provisions of the Adoption Agreement (executed copy attached hereto). The Plan shall be maintained for the exclusive benefits of eligible employees and their beneficiaries; and BE IT FURTHER RESOLVED that the Employer hereby executes the Declaration of Trust of VantageTrust, intending this execution to be operative with respect to any retirement or deferred compensation plan subsequently established by the Employer, if the assets of the plan are to be invested in VantageTrust. BE IT FURTHER RESOLVED that the Employer hereby agrees to serve as trustee under the Plan and to invest funds held under the Plan in the VantageTrust: and BE IT FURTHER RESOLVED that the Finance Director shall be the coordinator for the Plan; shall receive reports, notices, etc., from the ICMA Retirement Corporation or the VantageTrust; shall cast, on behalf of the Employer, and required votes under the VantageTrust; may delegate