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HomeMy WebLinkAboutRESO 6760ORIGINAL RESOLUTION NO. 6760 RESOLOTIOH OP THE COUBCIL OF THE CITY OP PALO ALTO ADOPTING AMEllDJIEBTS 'l'O THE CITY OF PALO ALTO DEPENDENT CARE ASSISTANCE PLAN WHBREAS, the City of Palo Alto (the "City") maintains the City of Palo Alto Dependent Care Assistance Plan (the "Plan") which is intended to qualify as a dependent care assistance program under section 129 of the Internal Revenue Code of 1986, as amended; WHEREAS, the City Council wishes to adopt certain amendments to said Plan in order to comply with the Technical and Miscellaneous Revenue Act of 1988 and the Family Support Act of 1988: and WHEREAS, the City is permitted to amend the Plan pursuant to Section 8.1 of the Plan. NOW, THEREFORE, the Council of the City of Palo Alt~ does resol~e as follows: Section 1. That the Council hereby adopts the following amendments to the Plan to be effective January 1, 1989: 1. Section 2.S(a) of the Plan shall be deleted in its entirety and the following inserted in lieu thereof: "(a) a dependent (as defined in section 152 of the Code) of the Participant who is under the age of 13 and with respect to whom the Participant is entitled to an exemption under section 152(c) of the Code, orn 2. Section 5.3 of the Plan shall be deleted in its entirety and the following inserted in lieu thereof: "Annual Report to Participants. On or before January 31 of each calendar year, the Administrator shall furnish on the Form W-2 of each Participant who has received dependent care assistance during the prior calendar year the amount of &uch assistance incurred during such calendar year with respect to the Participant.ft 3. The first sentence of Section 8.2 of the Plan shall be amended to read as follows: .. "Although this Plan was established with the intention of being maintained for an indefinite period of time, the City will have no obligation whatsoever to maintain the Plan for any given length of time and may discontinue or terminate the Plan at any time without liability." Section 2. The Council finds that this is not a project under the California Environmental Quality Act and, therefore, no environmental impact assessment is necessary. INTRODUCED AND PASSED: March 13, 1989 AYES: Cobb, Fletcher, Levy, Patitucci, Renzel, Sutorius, Woolley NOES: None ABSENTIONS: None ABSENT: Bechtel~ Klein