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HomeMy WebLinkAboutORD 3010..................................... ~----~------~--------------------a.--.n-.---,/~---------- I I I'··-. i.', • •• ,, ' ORDIN~.NCE NO • 3010 ORIGINAL ORDINANCE OF THE COUNCIL OF THF CITY OF PALO ALTO \ JI .. UTUORIZ!NG AN AMENt11EN';r,> TO THE. CQN-TRACT BE•.t'WEEN ,THE CITY OF .P.JU.O ALTO AND TliE BOARD OF ADMINIST~TIQN .. OF 'l'H.E CA!:XI'ORNIA PUBLIC. E!<1PLOYEES t . R,ETXREMENT .• SYSTEM ol ') The Council of the City of Palo Alto c:ioes ORD~'IN· as folJOws: SECTION l: Thc;lt an amendment to the Contract between the City of Palo Alto and the Board of li..<b:ninistl·~tion, c·alifornia P1,1blic l:::rnploye~s I Retirement Syste-m is hereby -authorized, a dopy/10f .said amendlilent being attachod hereto, marked t:tExhibit A'~, an,ct by ~:fuch reference made a part/hereof as though herein· _sit ·.6ut i11·· ful.l ~ · .. :., . ,·, ' .· . )_:, .. SECTION 2. Th~ Mayor of the Cit:y~ of Palo Alto. ~s h~rf.':by .. .. 9uthor1.zed, empotveredl and directed to execute :Said amendmeh:t "-for and on behalf of ~aid City. SEC'.T.'.1:0N 3, · . 'I'he Council hereby finds tf:,at -r;n.l.ssage of this ord~­ nancE.~-doe~s-nGf con::;titute .a. ~project as. def.i.hed by se·ct~~:)n 11 1 04.130 of the: Palo Alto ~-1unic:ipal Code and t.herefQJ;e no environmental . impact assessment is necessary. SBCTION 4. This ordinav,c'e shall becqme ef'feptive ~ppn the ccrnrne;icem~nt of the 1;hi.rty-first day af~er the day of its passage~ INTRODUCED l Jnl~ 25 (-1977 PASSED: AUgustS, 1977 . AYES~-Brenn~r, Carey, Clay, Eyerly,. Fazziuo, Flet-tih~.r, Renders on> · She:t~; . Witherspoov . NOES~- AaSENT: -!· Ncue None ABSTAINED: <Jione APPROVED: . /' ••._,; I f. ., \' . ·.,, ·. . Ma~or .·.· '·. · ... ·· ... ·•, .. ,. II !I '.I i,,: " '~- ,··:.:--....... ~----··,-~-'"·' ·,', •'·' ,. ~~)' " I·': ' ,\1 -.. • '•.: "• t ~-) • ·1-, :.'.1. .. "1 _. .. ,. --~:_-.~ .~ ~-~.: " ' -<j;;; . ~ . .. , 1.' '( r ., · ~' · ,. n;, 'l_,' .... ,-,.,,. ..... ' ' '--~. ·' '·' ''·' ;.-, '··': '1 .. , ·_-:. r '' , I;.~ r I ......... ]. ,,. ·· ... .. / . -CM COUNCIL· CP'lHE ' I,"~ ' ' ' ' CIT!' CF PAW ALTO Tbe ·.eoa.m ot Ad"' ni 8tratioc., Publie Empl~~' ~etiretnf;lnt Syat.ea, bereinaft.er referred to a.s ~,and the crrt camciL or th!)fCITY OF PALO ALTO, bere~ter · .-. referred to as · rublic Agency haTing entered L"lto a. contract under ~:late of. Mfu.ch 9., · ·· 1942, e!feetive Jsnuaey l, 1942, as ~.ndod. effective· January l, 1948, April l,. -. · 1949 1 January 1, 1952, July l, l95h .• Februar.r 1, 19;6, November 1, 1964:, .September -~3j 196$, Deceir.ber l4~ 19?0, February 1, 197;., July 8, 1974) ~ro.nua.ry 5, 1975,_ .. -·, ._ .... · ani April. l, 1975} which p.covide for p.a.rticip3tion of Public Agonc:r in said S;rstem;, .Bo-::u'd. and fv.bl:i.c Agency herE:lby agre-e as fo:U;;;;o:;; · · · 6(e) Sed-ion 21222.6 (p!'oviding .for a fifteen.-pereent incr~ase ;n allowa.ncet1~ to -.rhich thG .c.r.nnu.a.l cost-ot-liviflg t:~rovisions apply~ payable for time · counencing en t,be first d&y e~ che caler.ciar. month ~~:::.~~i:-.g nith o~~ U1xt follO"Jfing th~ ef.tecti-ve )late or this P..m$nd.r.nenth to or on ac:eo::.mt . · Paragr:qo:::~~:s:l::: :::0:::~ or deceas~ ~~o~ t~ Jul$ \~~),~ E •. 6.5 P.tti~ic Agency,. in acco.rdanc-a -with seetion 20740, Government Cede, aball cea:~ ·to ,t;e an· "employEr* for psrpoaes· of Cbe.pter 6 ot t.!w l\lblic Ellpl.aJee$'. RetireMnt __ lar otteetive aa of - .\be ef!'~ive date of this acetdment ··~·~his C:Plitl"~. -AcCQSalhteci cont.ributiaDil!f' of the Pu~ A#Rlcy as ot' ·the date <;~,:< ... of nch 81:11l5Di:aaut. et•ll be !ilced &111 ·<l._.iDed -~ ~?!~~ - 1D Section 207;59., ~ CtJdtJ, ecli;''fi«Ch a.cC\Uti;W;.ated ' .: . : .. . eaat.ributior.1.e 8llil cont.nwtima ~r m4e shEJ.l ~ ~ld · · .. , ~ !-L-~ u ~'in~;~-~ crvt• ,, .· .. v;.v ""'"'"' . ·.· ·. : '"· .. "-, ,,--~·:: ·. ·.' .. ' '· .-.-· -,.,.~-· .. · .... · · .. ·:.·.· •.. c. ~· 7(a) a•'l WJ "!-~~ry:t~'~.-. t. and t .. be.· ~~ ... ·.:.: : ·.:.· .· ~ llball -subet1t.utei tbe'z!e : .r'. ' ·. ' ' . :·... ' .. ·· -., ' .' j ' ', I ~ ' . ' 7~ !':~;; ~7 ahal, ~bute. to ~id Ret~ S;rs,torl&; __ roll~: :1 : O'"l25 pe..-cent 'CUitii June 30, 2000 on e.ceo.aot' ··~· tha "-: lu,bllity ft:tr prior service bene.fita. · :· ' . · i·. ., .. :-" .· 9.711 ~en accOW'lt··.Qt the JJ.a.~ilii.y-:·fin.· ~~t. Mr\1.¢e benO-"ltu. : ·. . . . . . (2) ·i . . . .. !~~ O.Jh? perc•t on ~coant ot the l.i&b1l1tr!' tor tbe 1.959 Sarri.'YOJ'8 ~-ogrM~ • , " I ! ,' ,;_.,•" '.·, "• ,_.,. " . ~· -~;;i1~:- ->,:~_l,+ . '-"''··: .t~-..... _, ... . · . .-.• , ._1. ..- .... -· .'.· ;'· · .. ; ~·;·~-:: ... "• I, < ··.~ •