HomeMy WebLinkAboutResolution - 2007-67 - Retirement Enhancement Benefits Program (REBA) - 06/05/2007 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2007-67
A RESOLUTION AUTHORIZING PARTICIPATION IN THE RETIREMENT
ENHANCEMENT AND BENEFITS ALTERNATIVE (REBA) PROGRAM AND
ADOPTION OF THE REBA PLAN AND TRUST
The undersigned, constituting the Mayor and City Manager of the City of Eden Prairie
(the "City"), a Minnesota governmental entity, do hereby adopt the following resolutions in
writing, pursuant to applicable Minnesota law.
WHEREAS, certain governmental units have come together to form the Retirement
Enhancement and Benefit Alternatives Program ("REBA") for the purpose of jointly providing
certain health benefits to their employees, former employees and spouses and dependents
thereof, and
WHEREAS, REBA is governed by an advisory council (the "Advisory Council")
consisting of a representative from each member of REBA and the Advisory Council is governed
by the Bylaws of the Retirement Enhancement and Benefit Alternatives Program Advisory
Council, as amended from time to time; and
WHEREAS, REBA sponsors the Retirement Enhancement and Benefit Alternatives
Program Voluntary Employees' Beneficiary Association Plan (the"Plan"); and
WHEREAS, REBA sponsors the Retirement Enhancement and Benefit Alternatives
Program Voluntary Employees' Beneficiary Association Trust(the "Trust"); and
WHEREAS, the City originally adopted the Plan and the Trust effective June 1, 2007;
and
WHEREAS, because of its adoption of the Plan and the Trust, the City is a member of
REBA and has the right to be represented on the Advisory Council; and
WHEREAS, REBA is a joint powers arrangement pursuant to Minn. Stat. § 471.59, as
reflected by the Joint Powers Agreement for Retirement Enhancement and Benefit Alternatives
Program (the "Joint Powers Agreement"), which is attached hereto as Exhibit A; and
WHEREAS, the City wishes to ratify and reconfirm its participation in REBA and to
acknowledge REBA as a joint powers arrangement by entering into the Joint Powers Agreement.
NOW, THEREFORE, BE IT RESOLVED, that the City ratifies and reconfirms the
participation of the City in REBA effective June 1, 2007.
BE IT FURTHER RESOLVED, that the City ratifies and reconfirms the adoption of
the Plan and the Trust, as amended from time to time, effective June 1, 2007.
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BE IT FURTHER RESOLVED, that the City hereby authorizes the City to enter into
the Joint Powers Agreement and directs the Mayor and City Manager to execute said Agreement
on behalf of the City.
BE IT FURTHER RESOLVED, that the City hereby appoints the Human Resources
Manager to serve as the City's representative to the Advisory Council.
BE IT FURTHER RESOLVED, that the City hereby authorizes the adoption of the
Trust Account Access and Reporting Authorization; Benefit Plan Fee Disclosure and
Authorization; Authorized Signature Form; Retirement Enhancement and Benefit Alternatives
Voluntary Employees' Beneficiary Association Basic Plan Adoption Agreement for City of Eden
Prairie; REBA Member Administration Agreement; and such other documents as contemplated
thereby and directs the Mayor and/or City Manager as appropriate to execute said documents on
behalf of the City .
ADOPTED by the Eden Prairie City Council this 5th day of June, 2007.
P 1 Young, May
ATTEST: (Seal)
(J�iL
Ka Teen Porta, City Clerk
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EXHIBIT A
Joint Powers Agreement for Retirement Enhancement
and Benefit Alternatives Program
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