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1994-28• 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hereof, any prosecution commenced, nor any other action or proceedings as commenced under or by virtue of the provision repealed or repealed and reenacted. The repeal of any provision hereby shall not revive any provision or any ordinance previously repealed or superseded unless expressly stated herein. 5. All bylaws, orders, resolutions, and ordinances, or parts thereof, inconsistent herewith are repealed to the extent only of such inconsistency. This repealer shall not be construed to revise any bylaw, order, resolution, or ordinance, or part thereof, heretofore repealed.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 -~ -~-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