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HomeMy WebLinkAboutRESO 5964• • • • ORIGINAL RESOLUTION NO. 5964 RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO OF INTENTION TO APPROVE AN AMENDMENT TO CONTRACT BETWE~N THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEE'S RETIREMENT SYSTEM AND THE CITY OF PALO ALTO WHEREAS, the Public Employees' Retirement Law permits the partici- pation of public agencies and their employees in the Public Employees' Retirement System by the execution of a contract, and sets forth the procedure by which said public agencies may elect to subject themselves and their employ~es to amendments to said Law; and WHEREAS, one of the steps in the procedure to amend this contract is the adoption by the legislative body of the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed in said contract: and WHEREAS, the following is a statement. of the proposed change: To provide Section 20024.2 (One-Year Highest Compensation), for local police members only. NOW, THEREFORE, the Council of the City of Palo Al.to does RESOLVE as fol lows: SECTION 1. The City Council of the City of Palo Alto hereby gives notice of its intention to approve an amendment to the contract between the City of Palo Alto and the Board of Administration of the Public Employees' Retirement System. SECTION 2. The proposed amendment to the contract is set forth in Exhibit 1 A" attached hereto and by this reference made a p~rt hereof. SECTION 3. The Council finds that this is not a project under the California Environmental Quality Act and, th~refore, no environmental impact assessment is necessary~ INTRODUCED AND PASSED: October 19, 1981 AYES: Eyerly, Fletcher, Henderson, Klein, Levy, Renzel, Witherspoon NOES: None ABSENTIONS: None ABSENT: Bechtel, F'azzino AT~ LJv City Cle~ APPROVED-::-TO FORM: tk-~ll~ KCin9 City At~• APPROVED: a.l2..v~ Mayor ' C' .