Resolution 2853-08
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6 WHEREAS, the South Tahoe Public Utility District (District) has employees
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RESOLUTION NO. 2853-08
RESOLUTION OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
TO AMEND THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
DEFERRED COMPENSATION PLAN
7 rendering valuable services; and
8 WHEREAS, the District has established the South Tahoe Public Utility District
9 Deferred Compensation Plan and Trust (Plan) a deferred compensation plan for District
10 employees that serves the interest of the District by enabling it to provide reasonable
11 retirement security for its employees, and by assisting in the attraction and retention of
12 competent personnel; and
13 WHEREAS, a restatement of the Plan document to amend the Trustee signature
14 authority is deemed to be in the best interests of Plan participants;
15 NOW THEREFORE, THE BOARD OF DIRECTORS OF THE SOUTH TAHOE
16 PUBLIC UTILITY DISTRICT HEREBY RESOLVES that Paul Hughes, Chief Financial
Officer is added as a Plan Trustee, and Rhonda McFarlane, previous Chief Financial
Officer is removed as a Plan Trustee.
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28 ATTEST:
WE, THE UNDERSIGNED, do hereby certify that the above and foregoing
Resolution was duly adopted and passed by the Board of Directors of the South Tahoe
Public Utility District at a regularly scheduled meeting held on the 16th day of October,
2008, by the following vote:
AYES: Directors Mosbacher, Rise, Jones, Claudio, Schafer
NOES: None
ABSENT: None
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Kathy Sharp,,~lerk of the-Board