HomeMy WebLinkAboutRES 2016-080I
RESOLUTION NO. 2016-080
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, AUTHORIZING THE CITY MANAGER OR
THE CITY MANAGER'S DESIGNEE TO CREATE AN OTHER
POST EMPLOYMENT BENEFIT (OPER) TRUST AND PROVIDING
AN EFFECTIVE DATE
WHEREAS it is determined to be in the best interest of the City of Grapevine (the
"City") to participate in the PARS Public Agencies Post -Retirement Health Care Plan Trust
(the "Program") to fund post -employment benefits for its employees as specified in the
City's policies and/or applicable collective bargaining agreements; and
WHEREAS the City is eligible to participate in the Program, a tax-exempt trust and
plan performing an essential governmental function within the meaning of Section 115 of
the Internal Revenue Code, as amended, and the Regulations issued thereunder, and is
a tax-exempt trust under the relevant statutory provisions of the State of Texas; and
WHEREAS the City's adoption and operation of the Program has no effect on any
current or former employee's entitlement 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
WHEREAS the City's funding of the Program does not, and is not intended to,
create 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; and
WHEREAS, all constitutional and statutory prerequisites for the approval of this
resolution have been met, including but not limited to the Open Meetings Act; and
WHEREAS, the City Council deems the adoption of this resolution to be in the best
interests of the health, safety, and welfare of the public.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF GRAPEVINE, TEXAS:
Section 1. That all matters stated hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.
Section 2. The Council hereby appoints the City Manager, or his/her successor
or his/her designee as the City's Plan Administrator for the Program.
Section 3. The City's Plan Administrator is hereby authorized to execute the
PARS legal and administrative documents on behalf of the City and to take whatever
additional actions are necessary to maintain the City's participation in the Program and
to maintain compliance of any relevant regulation issued or as may be issued; therefore,
authorizing him/her to take whatever additional actions are required to administer the
City's Program.
Section 4. The City Council hereby adopts the PARS Public Agencies Post -
Retirement Health Care Plan Trust, including the PARS Public Agencies Post -Retirement
Health Care Plan, effective November 1, 2016.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE,
TEXAS on this the 18th day of October, 2016.
APPROVED:
William D. Tate
Mayor
ATTEST:
Tara Brooks
City Secretary
APPROVED AS TO FORM:
John F. Boyle, Jr.
City Attorney
Resolution No. 2016-080 2