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HomeMy WebLinkAbout08-08-2002-10.07 - Resolution - 08/08/2002 410 RESOLUTION NO. 8 - 10.07 A RESOLUTION OF THE CITY OF COLLEGE STATION, TEXAS, AUTHORIZING AND APPROVING AN AGREEMENT TO CORRECT CERTAIN ERRORS REGARDING BOTH EMPLOYEE AND CITY CONTRIBUTIONS TO THE TEXAS MUNICIPAL RETIREMENT SYSTEM. WHEREAS, the withholdings from employees car allowances and clothing /cleaning allowances and the City's corresponding contribution to the Texas Municipal Retirement System (TMRS) have not been made for the last four (4) years; and WHEREAS, the employees have been notified of their opportunity to make their contribution to TMRS and twenty -six (26) employees have agreed to pay their contribution if the City will appropriately match the employees' contribution for the four (4) year period prior to July 11, 2002; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION, TEXAS: PART 1: That the City Council of College Station hereby approves the agreement between 40 its employees and the City of College Station, whereby the employees will make their contribution to TMRS and the City will match appropriately the employees' contribution for car allowances and clothing /cleaning allowances for the four (4) year period prior to July 11, 2002. PART 2: That the City Council of the City of College Station hereby approves the expenditure of a maximum of $16,333.09 for the City's matching contribution. PART 3: That a copy of this resolution approving may be transmitted to TMRS. PART 4: That this resolution shall take effect immediately from and after its passage. ADOPTED this 8th day of August , A.D. 2002. ATTEST: APPROVED: 1^ `■ i : `rte -I CONNIE H O KS, City Secretary RON 'rA, Mayor APPROVED: 2L 4 City Attorn O /group /legal /resolutions/TMRS 7- 31- 02.doc 8/1/02