Resolution 2019-77RESOLUTION NO.2019-77
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GILROY APPROVING THE ADOPTION OF THE PUBLIC
AGENCIES POST -EMPLOYMENT BENEFITS TRUST
ADMINISTERED BY PUBLIC AGENCY RETIREMENT
SERVICES (PARS)
WHEREAS, PARS has made available the PARS Public Agencies Post -Employment Benefits Trust (the
"Program") for the purpose of pre -funding pension obligations and/or OPEB obligations; and
WHEREAS, the City of Gilroy ("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 the 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, the 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, BE IT RESOLVED THAT:
1. The City Council hereby adopts the PARS Public Agencies Post -Employment Benefits Trust,
effective November 18, 2019, ; and
2. The City Council hereby appoints the City Administrator, or his/her successor or his/her designee as
the City's Plan Administrator for the Program; and
3. The City's Plan Administrator or their designee is hereby authorized to execute the 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.
PASSED AND ADOPTED this 18'' day of November, 2019, by the following roll call vote:
AYES: COUNCILMEMBERS: BLANKLEY, BRACCO, LEROE-MUNOZ,
MARQUES, TUCKER and VELASCO
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: TOVAR
RESOLUTION NO. 2019-77
RESOLUTION NO. 2019-77
I, SHAWNA FREELS, City Clerk of the City of Gilroy, do hereby certify that the
attached Resolution No. 2019-77 is an original resolution, or true and correct copy of a city
Resolution, duly adopted by the Council of the City of Gilroy at a regular meeting of said held on
Council held on the 18'' day of November, 2019, at which meeting a quorum was present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official Seal of
the City of/oilroy this 20`� y of November, 2019.
Shawna Freels, MMIV
City Clerk of the City of Gilroy
(Seal)