2022-50 i
RESOLUTION NO. 2022-50
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, APPROVING THE ADOPTION OF THE
PUBLIC AGENCIES POST-EMPLOYMENT BENEFITS TRUST
ADMINISTERED BY PUBLIC AGENCY RETIREMENTS SERVICES
(PARS)
Recitals
WHEREAS, PARS has made available the PARS Public .Agencies Post-
Employment Benefits Trust (the "Program") for the purpose of prefunding pension
obligations; and
WHEREAS, the City of Grand Terrace ("City") is eligible to participate in the
Program, a tax-exempt trust performing an essential governmental function;within the
meaning of Section 115 of the Internal Revenue Code, as amended, and the'Regulations
issued there under, and is a tax-exempt trust under, relevant statutory provisions of the
State of California; 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, 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.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:, {
1. The City Council hereby adopts the PARS Public ;Agencies Post-
Employment Benefits Trust, effective September 13, 2022; and
2. The City Council hereby appoints the City Manager, or his her successor of
his/her designee as the City's Plan Administrator for the Program; and
3. The City's Plan Administrator is hereby authorized to execute Jhe 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.
CC Reso No. 2022-50 Page 1 of 2 September 13, 2022
4. If any section, subsection, sentence,,, clause, phrase, o 1 r po,'rtion of this
Resolution is for any reason held to be invalid or unconstitutional by the decision of any
court of competent jurisdiction, such decision 'shall not affect the validity!of the!remaining
portions of this Resolution. The City Council of the City of Grand Terrace,hereby declares
that it would have adopted this Resolution and each section, subsection,,sentence,
clause, phrase, or portion thereof irrespective of the fact that any one or more sections,
subsections, sentences, clauses, phrases, or portions be declared! ;invalid or
unconstitutional.
5. The City Clerk shall certify to the adoption of this Resolution.
6. ,This Resolution shall take effect immediately upon its adoption,.
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PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand
Terrace at a regular meeting held on the 13th day of September 2022.
Dars
Mayor
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ATTEST:
s ,ebra Tho_mas
City Clerk
APPROVED AS TO FORM:
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Adrian R. Guerra
City Attorney
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CC Reso No. 2022-50 Page 2 of 2 September 13, 2022
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STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )
CITY OF GRAND TERRACE )
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I Debra L. Thomas, City Clerk of the CITY OF GRAND TERRACE, CALIFORNIA,
DO HEREBY CERTIFY that the foregoing Resolution, being Resolution No. 2022-50
was duly passed, approved and adopted by the City Council, approved an,d,signed by
the Mayor, and attested by the City Clerk, at the regular meeting of said City Council
held on the 13th day of September 2022, and that the same was passed and adopted by
the following vote:
AYES: Council Members Allen, Wilson; Mayor Pro Tern Hussey; Mayor
McNaboe
NOES: Council Member Robles
ABSENT: None.
ABSTAIN: None.
Executed this 14th day of September 2022, at Grand Terrace, California.
ebra L. Thomasl-
City Clerk =