HomeMy WebLinkAbout1994-28 Adopting a New Town of Vail Employees' Pension Plan•
ORDINANCE NO. 28
Series of 1994
AN ORDINANCE ADOPTING A NEW
TOWN OF VAZL EMPLOYEES' PENSION PLAN;
AND SETTING FORTH DL~TAILS IN REGARD THERETO.
WHEREAS, the Town of Vail has adopted a Town of Vail
Employees' Pension Plan, the effective date of which was January 1,
1983 and has adopted a first, second, third, fourth, and fifth,
amendment to said plan, the effective dates of which were January
1, 19$3, January 1, 1983, July 1, 1986, January 1, 1988, and
January 1. 19$9, respectively; and
WHEREAS, the Tawn Council wishes to adopt a new Town of Vail
Employees' Pension Plan, as attached hereto and incorporated by
reference .
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN
OF VAIL, COLORADO:
1. The Town of Vail Employees' Pension Plan which iS
attached hereto and incorporated herein by reference is hereby
approved by the Town Council.
2. Tf any part, section, subsection, sentence, clause or
phrase of this Ordinance is for any reason held to be invalid, such
decision shall not affect the validity of the remaining portions of
this Ordinance; and the Town Council hereby declares it would have
passed this Ordinance, and each part, section, subsection,
sentence, clause or phrase thereof, regardless of the fact that any
one or more parts, sections, subsections, sentences, clauses or
phrases be declared invalid.
3. The Town Council hereby finds, determines and declares
that this Ordinance is necessary and proper for the health, safety
and welfare of the Town of Vail and the inhabitants thereof.
4. The repeal or the repeal and reenactment of any provision
of the Municipal. Cade of the Town of Vail as provided in this
Ordinance shall not affect any right which has accrued, any duty
imposed, any violation that occurred prior to the effective date
hereof, any prosecution commenced, nor any other action or
proceedings as commenced under or by virtue of the provision
repealed or repealed and reenacted. The repeal of any provision
hereby shall not revive any provision or any ordinance previously
repealed or superseded unless expressly stated herein.
5. All bylaws, orders, resolutions, and ordinances, or parts
thereof, inconsistent herewith are repealed to the extent only of
such inconsistency. This repealer shall not be construed to revise
any bylaw, order, resolution, or ordinance, or part thereof,
heretofore repealed.
INTRODUCED, READ AND APPROVED ON FIRST READING this /~ ~~. day
of .~/~.~1,d.Q/Y 1994, and a public hearing shall be held on this
Ordinance on the Lpi~l day of ~~~~~`C 3.994 at 7:30 P.M. in the
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-~-f w~3~'•"s, G~1 a ~ru~:.~"3"e--`73~:at•s.13y ~~ra11 17c hcla viz L`~°tia-
0~-_sa .a~ ~ ~ th~ ~a 1 4{~4 .f I `
Council Chambers of the Vail Municipal Building, Vail, Colorado.
Ordered published in full this /5~h day of rU0~171C.~.QiY ,
1994.
a ~~--
Marga et A. Osterfoss,UMayor
ATTEST:
Ho11y L. McCutcheon, Town Clerk
TNTRDDUCED, READ AND APPROVED ON SECOND READING AND ORDERED
PUBLISHED l~C.l~-I~ ~17(,~c,/ this (f13~-~ day of
1994.
Marga e~' t A. Osterfoss~I Mayor
A sT:
ai~:~I1~ e
Ho11y L. McCutcheon, Town Clerk