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RESOLUTION NO. <br />A RESOLUTION BY THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br />APPROVING AN AMENDMENT TO ICMA RETIREMENT CORPORATION MASTER <br />PLAN DOCUMENT TO PERMIT LOANS TO PARTICIPANTS <br />WHEREAS, the Employer has employees rendering valuable services; and <br />WHEREAS, the Employer has established a supplemental retirement plan (the "Plan") <br />for such employees which is funded by the employee on a voluntary basis; and <br />WHEREAS, the Employer has determined that permitting participants in the retirement <br />plan to take loans from the Plan will be beneficial, <br />NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br />PLEASANTON DOES HEREBY: <br />Section 1: Approve an amendment to the master plan document between said Public Agency <br />and ICMA Retirement Corporation that will permit loans to participants. <br />Section 2: City Clerk shall certify to the passage of this resolution and enter it into the book of <br />original resolutions. <br />PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br />a regular meeting held on October 7, 2008. <br />I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br />resolution was adopted by the City Council at a regular meeting held on the 7~" day of October, <br />2008, by the following vote: <br />Ayes: <br />Noes: <br />Absent: <br />Abstain: <br />Karen Diaz, City Clerk <br />APPROVED AS TO FORM: <br />Michael H. Roush, City Attorney <br />