Resolution 02-91 TIGARD WATER DISTRICT
BOARD OF COMMISSIONERS
RESOLUTION NO. 2-91
RE: Adoption of Restated Pension Plan
On the motion made by Commissioner Audrey Castile, and seconded
by Commissioner Denis Borman, and passed by affirmative action of the
Board of Commissioners, on this 9th day of April. 1991, Tigard Water
District adopts the following resolution:
Whereas, after full and deliberate consideration, the Board of
Commissioners of Tigard Water District believe it to be in the best
interests of the District and it's Employees to adopt a restated Plan and
Trust for the Employees of the District, reflecting current law and
changes required by the Internal Revenue Code;
BE IT RESOLVED, that the restated Pension Plan heretofore
considered and discussed is hereby approved effective as of July 1. 1989.
,ft, BE IT FURTHER RESOLVED, that the Board of Commissioners are
authorized to do all things necessary to effectuate the restated Plan and
Trust and to follow through with the necessary request for a ruling with
the Internal Revenue Service with respect to said Plan.
BE IT FURTHER RESOLVED, that the Plan shall be deemed effective as
of the above mentioned date, subject to the condition that such Plan be
granted favorable approval by the Internal Revenue Service so that
contributions to the Plan will be deemed proper corporate tax deductions
and nontaxable to the Employees.
2-91
Cboman of the Board
Attested to this /5 day of April 1991 , by:
9 �I /
� 4... ed - -
ecretary
At hn P. Miller, Administrator and
Recording Secretary of the
Board of Commissioners,
Tigard Water District
Page 2 - TIGARD WATER DISTRICT RESOLUTION NO. 2-91
2-91