HomeMy WebLinkAbout1994-29 Adopting a New Trust Agreement Pursuant to Town of Vail Police and Fire Employees' Pension Plan,~ ~ s
ORDINANCE ND. 29
Series of x.994
AN ORDINANCE ADOPTTNG A NEW TRUST AGREEMENT
PURSUANT TO TOWN Or' VAIL
POLICE AND FIRE EMPLOYEES' PENSION PLAN
AND SETTING FORTH DETAILS TN REGARD THERETO.
WHEREAS, the Town of Vail has adapted a Trust Agreement
pursuant to the Town of Vail Employees' Police and Firemen's
Pension Plan, the effective date of which was January 1, 1983; and
WHEREAS, the Town Council wishes to adapt a new Trust
Agreement which sets forth the details of implementing the Tawn'S
Pension Plan.
NOW, THEREFORE, BE IT ORDAINED BX THE TOWN COUNCIL OF THE TOWN
Off' VAIL, COLORADO:
1. The Town of Vail. Police and Fire Employees' Pension Plan
Trust Agreement which is attached hereto and incorporated herein by
reference is hereby approved by the Town Council of the Town of
Vail.
2. If any part, section, subsection, sentence, clause or
phrase of this Ordinance is for any reason held t^ 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 far the health, safety
and welfare of the Town of Vail and the inhabitants thereof.
4. The repeal or the repeal and reenactment of any pravi.sion
of the Municipal Code 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 nr
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repealed or repealed and reenacted.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repealed or superseded unless expressly stated herein.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thereof, inconsistent herewith are repealed to the extent on~.y of
such inconsistency. This repealer shall not be construed to revise
any bylaw, order, resolution, ar ordinance, or part thereof,
heretofore repealed.
INTRODUCED, READ AND APPROVED ON FIRST READING this ~~~~ day
of ~llZ'~P~?L~2.-~ 1994 , and a public hearing shall be held on this
Ordinance on the ~ ~k day of ~~?t~-U`t 19 9 4 a t 7 : 3 D P . M . in the
Council Chambers of the Vail Municipal Building, Vail, Colorado.
Ordered published in full this /S~h day of /tl~'~ ,
1994.
l,.l. ST
rum ~~ ~~~
Ho1.1.y L. McCutcheon, Town Clerk
!~/~~ l.C
Marga et A. Osterfoss ~ Mayor
INTRODUCED, RIlEAD AND APPROVED ON SECOND READING AND ORDERED
PUBLISHED ~ t~.~'~e Frit~,~ this ~~~- day of
h 19 9 4 . ~t~..e.~ (.l', l
Marg~'ret A. Osterfoss,~Mayor
ST:
.~ ~ ~ c~~~
Ho11y L. McCutcheon, Town Clerk
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