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HomeMy WebLinkAboutReso - CC - 023-1997RESOLUTION 23-97 RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME TO APPROVE AN AMENDMENT BETWEEN THE BOARD OF ADMINISTRATION OF THE PUBLIC EMPLOYEES' S RETIREMENT SYSTEM AND THE CITY OF BURLINGAME RESOLVED, by the City Council of the City of Burlingame: WHEREAS, the Public Employees' Retirement Law permits the participation of public agencies and their employees in the Public Employees' Retirement System by the execution of a contract, and sets forth the procedure by which said public agencies may elect to subject themselves and their employees to amendments to said Law; and WHEREAS, one of the steps in the procedures to amend this contract is the adoption by the governing body of the public agency of a resolution giving notice of its intention to approve an amendment to said contract, which resolution shall contain a summary of the change proposed in said contract; and WHEREAS, the following is a statement of proposed change: To provide 2% 55 Full formula for local miscellaneous members, including an extension of the funding period to the year 2011. NOW, THEREFORE, BE IT RESOLVED, that: 1. The City Council hereby gives notice of its intention to approve an amendment to the contract between the City and the Board of Administration of the Public Employees' Retirement System, a copy of said amendment being attached hereto as Exhibit A and by this reference made a part hereof. 2. A public hearing shall be held by the City Council on April 23, 1997, at 7:30 p.m. in the City Council Chambers at City Hall, 501 Primrose Road, Burlingame, California, to receive written and oral testimony from all interested persons regarding the proposed amendment. 3. The City Clerk is directed to publish notice of the public hearing and the proposed amendment in the San Mateo Times at least 5 days before the proposed hearing. MAYOR I, JUDITH A. MALFATTI, City Clerk of the City of Burlingame, do hereby certify that the foregoing resolution was introduced at a regular meeting of the City Council held on the 19th day of MARCH ,1997, and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: HARRISON, JANNEY, KNIGHT, 0-MAHONY, SPINELLI NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE CITY CLERK//�