HomeMy WebLinkAboutRES 1662 � �
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RESOLUTION N0. �(O (o�
BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE
CITY OF RENTON AS FOLLOWS :
SECTION I : Pursuant to the requirements of RCW 41.44 . 200 a
city belonging to the Statewide Cities Retirement System may,
whenever members of the System have withdrawn their cumulative
normal contributions, cause to have transferred for its benefit
the released matching contributions which are thus no longer held
for the benefit of such employees and members of the System.
Effective as of January l, 1970 the sum of $ 25,000.00 shall
therefore be released from the City's matching contributions
and placed into the reserve account to be applied on future charges
made against the City as provided by law.
PASSED BY THE CITY COUNCIL this `�r� day of January 1970 .
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Helmie Nelson, City Clerk
APPROVED BY THE MAYOR this /��h day of January 1970 .
Avery arr t, MayorL��V��'ii.M�*
Approved as to form:
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Gerard M. Shellan, City Attorney
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