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R-1016-00 RESOLUTION No. 1016-00 A RESOLUTION OF THE MIAMI SHORES VILLAGE COUNCIL, DESIGNATING AND TEMPORARILY APPOINTING TWO VILLAGE RESIDENTS TO SERVE IN AN INTERIM CAPACITY AS BOARD TRUSTEE MEMBERS OF THE MIAMI SHORES VILLAGE POLICE RETIREMENT SYSTEM, PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Miami Shores Village Council executed Ordinance #617-00 on June 20, 2000 to establish the new Miami Shores Village Police Retirement System; and, WHEREAS,the PBA coordinated and held an election on June 20,2000 selecting and appointing two representatives of the bargaining unit to serve as trustees of the new System; and, WHEREAS,the new System's Board will consist of five (5) members; and, WHEREAS, the new System's plan documents require that two (2) members be appointed by the Village Council who are legal residents of Miami Shores Village; and, WHEREAS,the Administration requires a board quorum to take the necessary action to establish the new System's accounting and financial-related reports; and, WHEREAS,staff has discussed the solution to address this requirement. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MIAMI SHORES VILLAGE COUNCIL, that: Section 1: The Village Council hereby appoints Mayor Mark S. Ulmer and Vice-Mayor Robert Blum to serve as interim board of trustee members of the Miami Shores Police Retirement System. Section 2: The two (2) Village Council appointments to the Police Retirement Plan Board of Trustees are elected officials. Section 3: The selection of these members, along with the two police appointees, will provide a legal quorum to take the necessary actions to establish all necessary financial and reporting funds, make the necessary filings and transfer of assets. Section 4: The appointees, if currently serving in the capacity of board of trustee member for the General Employee Retirement System, will simultaneously resign from the original board during this appointment or until such time as it is determined which board the member will serve. Section 5: That the effective date of this appointment will be upon execution of this resolution. ADOPTED THIS 5th DAY OF JULY, 2000. Attest by:by: Mark S. Ulmer Village Mayor 4"Barbara A. Fuga Approved as to form: Village Clerk Richard Sarafan, Esq. Village Attorney