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TC Res. No. 1987-210 0 RESOLUTION NO. 87-21 SERIES OF 1987 A RESOLUTION TO CHANGE THE NAME OF THE AVON POLICE DEPARTMENT MONEY PURCHASE PENSION PLAN WHEREAS, the Town of Avon has changed, by Ordinance No. 87-21, Series of 1987, the Avon Police Department, to the Avon Department of Public Safety; and WHEREAS, it is necessary to reflect this name change in a re-statement of the Pension Plan Document. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Avon, Colorado, that the Town of Avon, Colorado, changes the name of the Town of Avon Police Department Money Purchase Pension Plan, to: The Town of Avon Department of Public Safety Money Purchase Pension Plan. APPROVED AND DATED this 22nd day of September 1987. TOWN COUNCIL TOWN OF AVON, COLORADO -r- Alan R. Notting am, Mayor 0 0 TO William James, Avon Town Manager FROM Joe Olson, Assistant Avon Town Manager RE Resolutions 87-23 and 87-21 DATE September 16, 1987 The attached Resolutions accomplish two (2) things: Resolution 87-23 - With the six (6) Metropolitan District's contracting with the Town to provide fire protection services, and the hiring of new employees as Public Safety, Officers for the purpose of firefighting, it is necessary and required by state law, to reflect the change in status for these employees. The area that is most significant in this change of employers is the Pension area. State law requires that the new employer (Town of Avon), provide a Pension Plan that has the same rights and obligations as the Pension Plan provided by the old employer (Eagle-Vail Metropolitan District). This requirement was provided for in the contract that. Council approved on September 8, 1987. The one other item that has to be taken care of regarding the Pension Plan, is changing the name: Resolution 87-23 will change the name of the Pension Plan, that the current Eagle-Vail Firefighters who, effective October 1, 1987, will be Town of Avon employees, are under, from the Eagle-Vail Metropolitan Firefighter MoneyPurchase Pension Plan, to the Town of Avon Public Safety (Firefighters) Money Purchase Pension Plan. Resolution 87-21 - As a result of establishing the Department of Public Safety.; it is necessary, to change the name of the Town. of Avon Police Department Money Purchase Pension Plan, to the Town of Avon Department of Public Safety Department Money Purchase Pension Plan. In summary, we are changing the names of both the Fire and Police Money Purchase Pension Plans, to coincide with the establishment of a Department of Public Safety.