RES 2006-47 - 00014157RESOLUTION NO. 2006 - 47
A RESOLUTION AUTHORIZING THE EXECUTION OF THE TRUST AGREEMENT
FOR THE CITY OF FRIDLEY DEFERRED COMPENSATION PLAN WITH WELLS
FARGO BANK, N.A. AS TRUSTEE
WHEREAS, on May 8, 2006, Resolution No. 2006 -26 terminated ICMA's services in
conjunction with the City's Deferred Compensation Plan (the Plan); and
WHEREAS, the resolution also authorized Wells Fargo Bank, N.A., to serve as the Trustee of
the Plan; and
WHEREAS the replacement of ICMA with Wells Fargo, N.A. required an amendment and
restatement of the Plan document and trust agreement; and
WHEREAS, Wells Fargo Bank, N.A. has provided the necessary Plan documents to the City.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Fridley authorizes
the City Manager to execute the Trust Agreement with Wells Fargo Bank, N.A., as shown in
Exhibit A.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
14TH DAY OF AUGUST 2006.
Sc tt J. Lund, Mayor
ATTEST:
"dA*o-,?
Debra A. Skogen, City alerk