HomeMy WebLinkAbout1990-07-26 - Resolution No. 90-27a RESOLUTION NO. 90-27 Is
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
AMENDING THE EMPLOYEES DEFERRED COMPENSATION PLAN
AND AUTHORIZING ITS IMPLEMENTATION
WHEREAS, the Directors of the Yorba Linda Water District have sought to provide
special inducement and incentives for the personnel and employees of
the District; and,
WHEREAS, a deferred compensation plan was adopted by Resolution No. 74-6 on
April 11, 1974; and,
WHEREAS, the Plan requires an Administrator who is not a participant; and,
WHEREAS, the Board of Directors has established that the Plan Administrator be a
Board member; and,
WHEREAS, Resolution No. 85-30 designated Whit Cromwell as Plan Administrator
who, as of July 6, 1990, is no longer a Board member.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Yorba Linda
Water District as follows:
Section 1: The employee deferred compensation plan shall continue in effect
and that Paul Armstrong, Director, is hereby designated as Plan
Administrator.
Section 2: All conflicting minute orders and Resolutions are hereby rescinded,
effective immediately.
PASSED AND ADOPTED this 26th day of July, 1990 by the following called vote:
Ayes: M. Roy Knauft, Jr., Sterling Fox, Paul Armstrong
Noes: 0
Absent: Arthur C. Korn
Abstain: 0
`1<% . G /,C ,L.,
01(c President'
Yorba Linda Water District
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Secretary
Yorba Linda Water District