HomeMy WebLinkAbout03-12 i I
RESOLUTION NO. 3-12
RESOLUTION OF THE CITY COUNCIL OF THE
TOWN OF LOS ALTOS HILLS APPROVING AND AUTHORIZING
EXECUTION OF AN AGREEMENT BETWEEN THE
TOWN OF LOS ALTOS HILLS AND ECOLOGICAL CONCERNS,INC.
WHEREAS, the City Council of the Town of Los Altos Hills has read and considered
that certain Agreement ("Agreement") between the Town and Ecological Concerns, Inc. dba
Central Coast Wilds.
NOW, THEREFORE,the City Council of the Town does RESOLVE as follows:
1. Public interest and convenience require the Town of Los Altos Hills to enter into
the Agreement described above.
2. The Town of Los Altos Hills hereby approves the Agreement and the City
Manager is hereby authorized on behalf of the Town to execute the Agreement between the
Town of Los Altos Hills and Ecological Concerns, Inc.
The above and foregoing resolution was passed and adopted by the City Council of the
Town of Los Altos Hills at a regular meeting held on the 19th day of January, 2012 by the
following vote:
AYES: Larsen, Waldeck, Mordo, Radford, Summit
NOES: None
ABSTAIN: None
ABSENT: None
BY:
'ch ars-; , Mayor
ATTEST:
Deborah Padovan, City Clerk
Resolution No.3-12 Page 1
RESOLUTION NO. 2-12
RESOLUTION TO TAX DEFER MEMBER PAID CONTRIBUTIONS—IRC 414(h)(2)
EMPLOYER PICK-UP
WHEREAS,the governing body of the Town of Los Altos Hills(XDRANZiatjtNig9,j has the
authority to implement the provisions of section 414(h)(2) of the Internal Revenue Code
(IRC); and
WHEREAS,the Town of Los Altos Hills petwaxAgaittN has determined that even though the
implementation of the provisions of section 414(h)(2) IRC is not required by law,the tax
benefit offered by section 414(h)(2) IRC should be provided to All Employees iIpnecesx
21rXl ) Iii 1?€i MICOGIMIXO XGCatXO {OIW who are members of the
California Public Employees' Retirement System:
NOW,THEREFORE, BE IT RESOLVED:
I. That the Town of Los Altos Hills( l[A will implement the provisions of
section 414(h)(2) Internal Revenue Code by making employee contributions pursuant to
California Government Code Section 20691 to the California Public Employees'
Retirement System on behalf of all its employees or all its employees in a recognized
group or class of employment who are members of the California Public Employees
Retirement System. "Employee contributions"shall mean those contributions to the
Public Employees' Retirement System which are deducted from the salary of employees
and are credited to individual employee's accounts pursuant to California Government
Code section 20691.
II. That the contributions made by the Town of Los Altos Hills i}falfrieNZAZjetr )to the
California Public Employees' Retirement System, although designated as employee
contributions, are being paid by the Town of Los Altos Hills N iex igGf CO in lieu of
contributions by the employees who are members of the California Public Employees'
Retirement System.
III. That employees shall not have the option of choosing to receive the contributed amounts
directly instead of having them paid by the Town of Los Altos Hills 1Nraliiersi€ n4)to
the California Public Employees' Retirement System.
IV. That the Town of Los Altos Hillsffiifiity)shall pay to the California Public
Employees' Retirement System the contributions designated as employee contributions
from the same source of funds as used in paying salary.
V. That the amount of the contributions designated as employee contributions and paid by
the Town of Los Altos Hills monextmrico to the California Public Employees'
Retirement System on behalf of an employee shall be the entire contribution required of
the employee by the California Public Employees' Retirement Law(California
Government Code Sections 20000, et seq.).
VI. That the contributions designated as employee contributions made by Town of Los Altos
Hills fIlw to the California Public Employees' Retirement System shall be
treated for all purposes, other than taxation, in the same way that member contributions
are treated by the California Public Employees' Retirement System.
Resolution No.2-12 Page 1
• •
PASSED AND ADOPTED by the governing body of the Town of Los Altos Hills osa99
_ , this day of January 19th pouf, 2012 4.
-)BY(Signatu
Mayor Rich Larsen
(Title of Official)
RETURN ADDRESS:
Town of Los Altos Hills
26379 Fremont Road
Los Altos Hills, CA 94022
FOR CALPERS USE ONLY
RESOLUTION TO TAX DEFER MEMBER PAID CONTRIBUTIONS- IRC 414(h)(2)
Approved by:
Title:
Resolution No.2-12 Page 2