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TC Res. No. 1990-380 • RESOLUTION NO. 38 SERIES OF 1990 A RESOLUTION OF THE TOWN OF AVON, COLORADO, AMENDING PENSION ARRANGEMENTS WITH PENSION MANAGEMENT ASSOCIATES AND ADOPTING PENSION PLANS FOR THE GENERAL EMPLOYEES OF THE TOWN OF AVON WHEREAS, the Town of Avon ("employer") has employees rendering valuable services; and WHEREAS, the Town of Avon, Colorado and its general employees desire to restate its pension documents in order to terminate prior pension administration arrangements which the Town has had with Pension Management Associates, Inc. as well as change contributions and vesting arrangements; and WHEREAS, the Town of Avon desires to adopt new trust documents for the general employees, as presented to the Town Council on October 9, 1990, in order to comply with various legal requirements. NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Avon, Colorado, to wit: 1. The Town of Avon hereby terminates the pension administration and investment arrangements with Pension Management Associates, Inc. for its general employees, such termination to be effective on October 1, 1990. 2. The Town of Avon hereby adopts the United Asset Management Services Trust Agreement for the Town of Avon Public Employees Money Purchase Pension Trust to be effective commencing on October 1, 1990. 3. The Town of Avon hereby adopts the Town of Avon Public Employees Money Purchase Pension Plan to be effective on October 1, 1990 a 0 4. The Town of Avon hereby appoints United Asset Management Services as pension administrator and investment provider for the newly adopted general employee pension plan. ADOPTED THIS 9th day of October, 1990 TOWN COUNCIL TOWN OF AVON, COLORADO B m, Mayor a Allan R. Nottr