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RESOLUTION NO. 08-242 <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 retirement plan (the "Plan") for such <br />employees which serves the interest of the employer by enabling it to provide reasonable <br />retirement security for its employees, by providing increased flexibility in its personnel <br />management system, and by assisting in the attraction and retention of competent personnel; <br />and <br />WHEREAS, the Employer has determined that permitting participants in the retirement <br />plan to take loans from the Plan will serve these objectives. <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 <br />Agency 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 <br />book of 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: Councilmembers McGovern, Thorne, Mayor Hosterman <br />Noes: None <br />Absent: Councilmembers Cook-Kallio, Sullivan <br />Abstain: None ~y ~„ <br />Karen D z, City Clerk <br />APPROV(D AS TO FOR/ l~~"^~ t <br />Michael H. Roush, City Attorney <br />