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HomeMy WebLinkAbout1995-06-27 - AGENDA REPORTS - 95 96 CIP (2)AGENDA REPORT City Manager Item to be pre George Caravalho UNFINISHED BUSINESS DATE: June 27, 1995 SUBJECT: Adoption of the 1995/96 Operating and Capital Budget Adoption of the 5 year CIP Resolution #95-52 Adopting Annual Budget Resolution#95-53 Setting the Appropriations Limit Resolution #95-58 Providing Compensation for Employees Resolution #93-51 Adopting the 5 year CIP Resolution #95-79 Establishment of Purchase Retirement Plan DEPARTMENT: City Manager This item is on the agenda for adoption of the 1995/96 Budget and the Five Year Capital Improvement Program (CIP). The City Council has conducted two study session as well as a public hearing on both items. In addition the Budget and Five Year CIP have been presented to the Planning and Parks Commissions for review and comment. As required, the Planning Commission did find the Capital Program presented within the Budget for 1995/96 as well as the complete Five Year CIP is consistent with the policies stated within the General Plan. At the public hearing conducted on June 13, the City Council recommended that additional items be included within the operating budget. These items include: Senior Funding $25,000 Chamber of Commerce Funding $15,000 Pancake Breakfasts (3) $10,000 It is now recommended that the proposed contingency fund of $1.6 million be reduced by $50,000 to fund these items. In addition to the items referenced, it is recommend that the City Council also consider funding the following items with contingency fund monies: Adopted: " � 7 �s� Ag .....] !tem: % % - Main reception lobby $ 8,000 redesign/construction Electronic Gates/ Corp Yard $10,000 Locks and security items $ 7,000 These items totaling $25,000 are designed to enhance the overall safety and security of our employees and visitors to City hall. With the items indicated, as well as organizational adjustments and restructuring occurring throughout the budget process, the total proposed budget for City Council consideration is now $ 67,875,348. Many of the changes occurring as a result of the restructuring require a shift in funding from one section or department within the budget to another. In order to complete the budget adoption process, it is now appropriate to adopt Resolution #95-52 making appropriations in the amounts budgeted and adopt the Gann Appropriation Limit Resolution #95-53. Resolution #95-58 is also included to provide compensation to the employees of the City of Santa Clarita. Also included for the Council's consideration is Resolution #95-51 which provides for adoption of the Five Year CIP. Finally, As a part of the overall budget process it is recommended that the City now establish a money purchase retirement plan. This plan will provide additional benefits for eligible employees by providing funds for retirement and funds for their beneficiaries in the event of death, All monies within the plan will be administered through the ICMA Retirement Corporation RECOMMENDATION That the City Council: 1. Adopt Resolution 95-52 Authorizing Appropriations in the Amount budgeted. 2. Adopt Resolution #95-53 , setting the Gann Appropriation Limit for the Upcoming Fiscal Year 3. Adopt Resolution# 95-51 Adopting the Five Year CIP 4. Adopt Resolution #95-58 Providing Compensation to the Employees of the City of Santa Clarita 5. Adopt Resolution #95-79 Establishing Money Purchase Retirement Plan 5. Authorize $75,000 in funds to be allocated to the projects stated previously ATTACHMENTS L Detail of Budget Revisions 5. Resolution #95-51 2. Resolution #95-52 6. Resolution #95-79 3. Resolution #95-53 4. Resolution #95-58 BUDGET SUMMARY CAPITAL PROJECTS 15,229,653 PERSONNEL 13,586,095 OPERATIONS & MAINTENANCE 38,636,915 CAPITAL OUTLAY 422,685 TOTAL APPROPRIATIONS 67,875,348 Page i SUMMARY OF BUDGET CHANGES 6127195 ACCT 4 ACCT DESCRIPTION CHANGE AMOUNT City Counctl 01-4000.130 Health & Welfare Use Funds for Certificates 11,400 01.4000-232 Promotion & Publicity Upgrade Certificates 11,400 01.4000-232 Human Relations Forum to Special Projects Division 15,000 01.4000-232 Pancake Breakfasts 10,000 City Manager 01.4100-101 to 165 Personnel Move 112 Intern to Special Projects 3,770 Special Projects 01-4103.101 to 165 Personnel -Up New Division 192;350 01.4103.201 to 232 0 & M —Set Set -U 0 eratin Budget 10,300 01-4103.230 Professional Services Elsmere Budget 285,000 01-4103-232 Promotion & Publicity Human Relations Forum 15,000 01-4103-103 to 230 Various nti-Gang Task Force 46,700 Personnel 01-4110.101 to 165 Personnel Personnel Analyst Move to NPDES Public Info. 62,750 01-4110-101 to 165 Personnel Back -Fill Personnel Analyst 9 Mos - A Step 41,700 Contingency 01.4101-290 Contingency Reduction to Fund Budget Adjustments 100,000 Engineering Admin 01.5000-101 to 165 Personnel Move Deputy City Manager to Public Works 129,350 01.5000.101 to 165 Personnel Move Executive Secretary to Public Works 50,100 01-5000-101 to 165 Personnel Move City Engineer from Engineering 113,000 Engineering 01 - 5400-101 to 165 Personnel Move City Engineer to Engineering Admin 110,000 01 - 5400-101 to 165 Personnel Move Engineer to 100% Engineering from 50% NPDES 37,720 01-5400.101 to 165 Personnel Move Receptionist to Planning 30,100 01-5400-101 to 165 Personnel Move Clerk Typist from Planning 32,440 01-5400-101 to 165 Personnel Move Secretary from Planning 43,000 Building & Safety 01-5200.101 to 165 lPersonnel Fund Previously Vacant Positions at Actual Levels 3,750 Page i Page 2 SUMMARY OF BUDGET CHANGES 6127195. ACCT # ACCT DESCRIPTION CHANGE AMOUNT General Services 01.4630-240 Building Maint & Supplies Locks and Securitv Items 8,000 01-4630-402 Equipment Redesi n Reception Area & CorpYard Roll -Up Doors 17,000 Public Works Admin 01-6000.101 to 165 Personnel Deputy City Manager to Special Projects 126,550 01-6000-101 to 165 Personnel Executive Secretary to Special Pro'ects 50,100 01-6000.101 to 165 Personnel City Manager from Community Development 129,450 01-6000.101 to 165 Personnel -Deputy Executive Secretary from Community Development 50,100 Waste Management 01-6600-101 to 165 Personnel Senior Planner to NPDES Coordinator 39,020 01-6600.230 Professional Services Move Elsmere to Special Projects Division 285,000 Economic Development 01-5005-230 Professional Services Chamber of Commerce Film Equipment 15,000 Planning 01-5101-101 to 165 Personnel Fund Assoc Planner from Transit 72,850 01-5101.101 to 165 Personnel Move Clerk Typist to En ineerin 32,440 01-5101-101 to 165 Personnel Planning Tech to Transit & Freeze Position 39,550 01.5101-101 to 165 Personnel Move Secretary to Engineering 43,000 01.5101-101 to 165 Personnel Senior Planner to NPDES Coordinator 40,700 01.5101-101 to 165 Personnel Move Receptionist from Engineering 30,100 P & R Admin 01-9000.227 Contractual Services Senior Center 25,000 Recreation 01.9100-101 to 165 Personnel Freeze Park & Rec Superintendent 87,400 01-9100.101 to 165 Personnel Add Rec Coordinator -9 Mos.A Step 33,250 01-9100-210 Office Supplies Supplies for New Positions 470 01-9100-401 Furniture Furniture for New Position 3,300 01.9100-402 Equipment E ui ment for New Positions 3,400 01-9100-103 to 230 Various Move Anti -Gang Task Force to Special Projects 46,700 TOTAL GENERAL FUND EXPENDITURE ADJUSTMENTS 72,650 Page 2 SUMMARY OF BUDGET CHANGES 6127195 ACCT # ACCT DESCRIPTION CHANGE AMOUNT Revenues 01-3505 Contributions From RDA iReduce Funding for Staff Indirect Cost & Econ. Dev. 165,250 01-3100 Sales Tax Increase in Sales Tax Estimate 92,600 TOTAL GENERAL FUND REVENUE ADJUSTMENTS 72,650 Page 3 Page 4 SUMMARY OF BUDGET CHANGES 6/27/95 ACCT # ACCT DESCRIPTION CHANGE AMOUNT Street Maintenance 02-6500-101 to 165 Personnel Street Maintenance Worker to NPDES Ctewleader 42,350 02.6500.101 to 165 Personnel Fill Street Maintenance Worker 9 Mos - A Ste 28,750 02-6500-101 to 165 Personnel Street Maintenance Worker to NPDES Hazardous 41,750 02-6500.101 to 165 Personnel Fill Street Maintenance Worker 9 Mos - A Step 28,750 TOTAL GAS TAX ADJUSTMENTS 26,600 NPDES 51.5600.101 to 165 Personnel Promote Engineering Aide to Engineering Tech 10,600 51-5600-101 to 165 Personnel Fund Engineering Aide 10 Mos - A Ste 8,250 51-5600.101 to 165 Personnel Move 50% Engineer to Engineering 39,750 51.5600-101 to 165 Personnel Fill NPDES Coordinator 79,800 51-5600-101 to 165 Personnel Fill Hazardous Waste Specialist 12 Mos 8,800 51-5600-101 to 165 Personnel Public Information & Education 12 Mos 34,300 TOTAL NPDES ADJUSTMENTS 85,500 Transit 55-7000-101 to 165 Personnel Assoc. Planner return to Planning 72,750 55.7000-101 to 165 Personnel Secretary to Transit Analyst 43,850 55-7000-101 to 165 Personnel Fund Secretary 9 Mos - A Step 28,600 55-7000-101 to 165 lPersonnel Fund Transit Analyst to Replace Assoc. Planner 49,550 TOTAL TRANSIT ADJUSTMENTS 38,450 Page 4 RESOLUTION NO. 95-52 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR 1995-1996 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED WHEREAS, a proposed annual budget for the City of Santa Clarita for the fiscal year commencing July 1, 1995, and ending June 30, 1996, was submitted to the City Council and is on file in the City Clerk's Office, and WHEREAS, proceedings for adoption of said budget have been duly taken, and WHEREAS, the City Council has made certain revisions, corrections, and modifications to said proposed budget, and WHEREAS, the City Manager has caused the proposed document to be corrected to reflect the changes ordered by the City Council. NOW, THEREFORE, THE CITY COUNCIL OF TI4E CITY OF SANTA CLARITA DOES RESOLVE AS FOLLOWS: Section 1, The budget attached hereto and included herein by Resolution is adopted as the Annual Budget for the City of Santa Clarita for Fiscal Year commencing July 1, 1995, and ending June 30, 1996. Section 2. There is hereby appropriated to each account set forth in said budget, attached hereto and made a part hereof, the sum shown for such account in the 1995-1996 budget, and the City Manager is authorized and empowered to expend such sum for the purpose of such account but no expenditure by any office or department for any items within an account will exceed the amount budgeted therefore without prior approval of the City Manager. APPROVED AND ADOPTED this day of June, 1995. ATTEST: Donna M. Grindey, City Clerk Jo Anne Darcy, Mayor 19 STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) § CITY OF SANTA CLARITA j I, Donna M. Grindey, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of 19_ by the following vote of Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEM 3ERS: CITY CLERK RESOLUTION NO. 95-53 A RESOLUTION OF THE CITY OF SANTA CLARITA, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1995-96 The City Council of the City of Santa Clarita hereby resolves as follows: Section 1: The City Council of the City of Santa Clarita hereby finds and determines: A. That the Department of Finance has notified the City of the change in the California per capita personal income and such change is 4,72% for the prior calendar year. B. That the City also has the option to use the change in the local assessment roll due to local nonresidential construction in lieu of the California per capita personal income change; however, the State nor the County of Los Angeles has this information at this time. C. That the Department of Finance has notified the City of the change in population of the City and the entire Los Angeles County in which the City has the option to use the greater percentage change, which change is a decrease of .52% for the City of Santa Clarita for the prior calendar year. D. That, pursuant to California Constitution Article XIIIB, Section 1 and Government Code sections 7900 gt sea., and pursuant to the guidelines set forth by Proposition 111, the City appropriations limit must be adjusted for changes from the base year of 1986-87 to the fiscal year ending June 30, 1996.. By the changes in the California per capita personal income and in population. E. That the appropriations limit documentation applicable to this Resolution has been available for public inspection for fifteen days, prior to approval by the City Council, pursuant to Government Code section 7910. SECTION 2. That the appropriations limit for the City of Santa Clarita for fiscal year ending June 30, 1996 is $101,727,593. SECTION 3. That the City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this day of , 1995 ATTEST: Donna M. Grindey, City Clerk 139 Jo Anne Darcy, Mayor STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) § CITY OF SANTA CLARITA ) I, Donna M. Grindey, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of 19_ by the following vote of Council: AYES: COUNCILMEM 3ERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: CITY CLERK City of Santa Clarita Annual Appropriations Limit The Appropriations Limit, established by the State of California per Article XIIIB of the California State Constitution, sets a limit for the annual appropriations of tax proceeds for all municipalities. Article X1IIB was recently amended by Proposition 111 to change the method of calculating the annual appropriations limit. Prior to Proposition 111, the annual appropriations limit was adjusted annually by the change in the cost of living or by the change in California per capita personal income, whichever is less, and by the percentage change in the population of the City. Under the new guidelines set forth by Proposition 111, the annual appropriations limit will not exceed a base year adjusted by the change in population of the City or the County combined with either the change in California per capita personal income or the change in the local assessment roll due to local nonresidential construction. Proposition 111 also changed the base year for all municipalities to 1986-87. The law requires a governing body to annually adopt an appropriations limit for the following fiscal year, along with a recorded vote regarding which of the annual adjustment factors have been selected. Starting with a base year limit of $47,350,022 for 1986-87, the Annual Appropriations Limit increased to the 1995-96 limit by using the guidelines set forth in Proposition 111, the calculation would be as follows: Fiscal Year 1986-87 1987-88 Prior Year's Limit 47,350,022 Add Change in I Personal Income New Base Add Change in Population Appropriations Limit 3.47% 1,643,046 48,993,068 12.82% 6,280,911 47,350,022 55,273,979 1988.89 55,273,979 4.66% 2,575,767 57,849,746 12.29% 7,109,734 64,959,480 1989-90 64,959,480 5.19% 3,371,397 68,330,877 5.85% 3,997,356 72,328,233 1990-91 72,328,233 4.21% 3,045,019 75,373,252 4.75% 3,580,229 78,953,481 1991-92 78,953,481 4.14% 3,268,674 82,222,155 7.01% 5,763,773 87,985,928 1992-93 87,985,928 (.64%) (563,110) 87,422,818 2.67% 2,334,189 89,757,007 1993-94 89,757,007 2.72% 2,441,391 92,198,398 1.18% 1,087,941 93,286,339 1994.95 93,286,339 .71% 662,333 93,948,672 3.94% 3,701,578 97,650,250 1995.96 97,650,250 4.72% 4,609,092 102,259,342 (.52%) (531,749) 101,727,593 137 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA PROVIDING FOR THE COMPENSATION OF THE EMPLOYEES OF THE CITY WHEREAS, Section 37206 of the Government Code requires the City Council to prescribe the time and method of paying salaries, wages and benefits of employees of the City; and WHEREAS, the City Council has authorized and directed, under provisions of the Municipal Code of the City of Santa Clarita, Section 2.080.060 (7), the City Manager to prepare a proposed salary plan for all City employees. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Santa Clarita as follows: SECTION 1. The proposed Salary Plan is hereby amended to include the following changes: Classification Transit Analyst - Grade 43 Park Supervisor/Arborist Secretary Department Name Finance Department Management Services Community Development Change Transit Coordinator - Grade 45 Park Supervisor/Urban Forestry (Title Change Only) Property Mgmt. Assistant (Title Change Only) Change Administrative Services Department To include Finance, General Services, & Information Resources functions City Manager's Office To include City Intergovernmental Information functions Clerk, Personnel, Relations & Public Reorganization To include Planning, Economic Development and Community Development Block Grant Functions Engineering New Department To include Engineering, Building & Safety, and Storm Water Utility functions. SECTION 3. All prior resolutions and parts of resolutions in conflict with this resolution are hereby rescinded. PASSED AND ADOPTED by the City Council of the City of Santa Clarita at a regular meeting held on the day of 1995. Mayor ATTEST: City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF SANTA CLARTTA I, Donna M. Grindey, City Clerk, do hereby certify that the foregoing. Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of . 1995, by the following vote of the Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS City Clerk man.reso9558.j1r RESOLUTION NO. 95-79 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA RELATING TO THE ESTABLISHMENT OF A MONEY PURCHASE RETIREMENT PLAN WHEREAS, the City of Santa Clarita currently provides an ICMA/RC deferred compensation program for the benefit of its employees; and WHEREAS, the City of Santa Clarita considers its employees to be one of its most valuable resources; and WHEREAS, the establishment of a money purchase retirement plan will provide an additional benefit for employees by providing funds for retirement and funds for their beneficiaries in the event of death; and WHEREAS, the City of Santa Clarita desires that its money purchase retirement plan be administered by the ICMA Retirement Corporation and that the funds held under such plan be invested in the ICMA Retirement Trust, a trust established by public employers for the collective investment of funds held under their retirement and deferred compensation plans: NOW THEREFORE BE IT RESOLVED that the City of Santa Clarita hereby establishes a money purchase retirement plan (the "Plan") in the form of the ICMA Retirement Corporation Prototype Money Purchase Plan and Trust, pursuant to the specific provisions of the Adoption Agreement (copy attached hereto.) The Plan shall be maintained for the exclusive benefit of eligible employees and their beneficiaries; and BE IT FURTHER RESOLVED that the City of Santa Clarita hereby executes the ICMA Retirement Trust; and BE IT FURTHER RESOLVED that the City of Santa Clarita hereby agrees to serve as trustee under the Plan and to invest funds held under the Plan in the ICMA Retirement Trust; and BE IT FURTHER RESOLVED that the personnel manager shall be the coordinator for the Plan, shall receive necessary reports, notices, etc., from the ICMA Retirement Corporation or the ICMA Retirement Trust; shall cast, on behalf of the Employer any required votes under the ICMA Retirement Trust; may delegate any administrative duties relating to the Plan to appropriate departments; and BE IT FURTHER RESOLVED that the City of Santa Clarita hereby authorizes the Assistant City Manager to execute all necessary agreements with the ICMA Retirement Corporation incidental to the administration of the Plan. PASSED AND ADOPTED by the City Council of the City of Santa Clarita at a regular meeting held on the day of 1995. MAYOR ATTEST: City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) SS CITY OF SANTA CLARITA ) I, Donna M. Grindey, City Clerk, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of : 1995, by the following vote of the Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS CITY CLERK reso9579.jr1 ICMA RETIREMENT CORPORATION PROTOTYPE MONEY PURCHASE PLAN &TRUST ADOPTION AGREEMENT #001 Account Number g409 The Employer hereby establishes a'Money Purchase Plan and Trust to be known as Ct�i0L C�a f 1 A -CA ti01 (a) SAQh - /+tlGllLlGL) di 6 (the "Plan") in the form of the ICMA Retirement Corporation Prototype Money Purchase Plan and Trust. This Plan is an amendment and restatement of an existing defined contribution money purchase plan. ❑ Yes If yes, please specify the name of the defined contribution money purchase plan which this Plan hereby amends and restates I. Employer:. t-- 1 II. Prototype Sponsor: Name: Address: Telephone Number: ICMA Retirement Corporation 777 N. Capitol Street, N.E. Washington, D.C, 20002-4240 (202)962.4600 III. The Effective Date of the Plan shall be the first day of the Plan Year during which the Employer adopts the Plan, unless an alternate Effective Date is hereby specified: Jule 1, I � q IV. Plan Year will mean: ❑ The twelve (12) consecutive month period which coincides with the limita- tion year. (See Section 6.05(1) of the Plan.) The twelve (12) consecutive month period commencing on 02 01 Jand each anniversary thereof. MPP Adoption Agreement 12/23/94 001-94 V Normal Retirement Age shall be ageZ(not to exceed age 65). VL ELIGIBILITY REQUIREMENTS: The following group or groups of Employees are eligible to participate in the Plan: All Employees All Full -Time Employees Salaried Employees Non-union Employees Management Employees Public Safety Employees General Employees Other (specify below) The group specified must correspond to a group of the same designation that is defined in the statutes, ordinances, rules, regulations, personal manuals or other material in effect in the state or locality of the Employer. 2. The Employer hereby waives or reduces the requirement of a twelve (12) month Period of Service for participation. The required Period of Service shall be A/ A (write N/A if an Employee is eligible to participate upon employment). If this waiver or reduction is elected, it shall apply to all Employees within the Covered Employment Classification. 3. A minimum age requirement is hereby specified for eligibility to participate, The minimum age requirement is N1 (not to exceed age 21. Write N/A if no minimum age is declared.) VII. CONTRIBUTION PROVISIONS The Employer shall contribute as follows (choose one, if applicable): ❑ Fixed Employer Contributions With Or Without Mandatory Participant Contributions. The Employer shall contribute on behalf of each Participant 4— % of Earnings or $611 for the Plan Year (subject to the limitations of Article VI of the Plan). Each Participant is required to contribute ---O—' % of Earnings or $for the Plan Year as a condition of participation in the Plan. (Write "0" if no contribution is required.) If Participant Contributions are required under this option, a Participant shall not have the right to discontinue or vary the rate of such contributions after becoming a Plan Participant: © MPP Adoption Agreement 12/23/94 001-94 The Employer hereby elects to "pick up" the Mandatory/Required Participant Contribution. ❑ Yes No [Note to Employer: Neither an opinion letter issued by the Internal Revenue Service with respect to the Prototype Plan, nor a determination letter issued to an adopting Employer is a ruling by the Internal Revenue Service that Participant contributions that are picked up by the Employer are not includable in the Participant's gross income for federal income tax pur- poses. The Employer may seek such a ruling. Picked up contributions are excludable from the Participant's gross income under section 414(h)(2) of the Internal Revenue Code of 1986 only if they meet the requirements of Rev. Rul. 81-35, 1981-1 C.B. 255. Those requirements are (1) that the Employer must specify that the contributions, although designated as employee contributions, are being paid by the Em- ployer in lieu of contributions by the employee; and (2) the employee must not have the option of receiving the contributed amounts directly instead of having them paid by the Employer to the plan.] ❑ Fixed Employer Match of Participant Contributions. The Employer shall contribute on behalf of each Participant _% of Earn- ings for the Plan Year (subject to the limitations of Articles V and VI of the Plan) for each Plan Year that such Participant has contributed _% of Earnings or $ . Under this option, there is a single, fixed rate of Em- ployer contributions; but a Participant may decline to make the required Participant contributions in any Plan Year, in which case no Employer contri- bution will be made on the Participant's behalf in that Plan Year. ❑ Variable Employer Match Of Participant Contributions. The Employer shall contribute on behalf of each Participant an amount de- termined as follows (subject to the limitations of Articles V and VI of the Plan): % of the Participant contributions made by the Participant for the Plan Year (not including Participant contributions exceeding % of Earnings or $ ); PLUS % of the contributions made by the Participant for the Plan Year in excess of those included in the above paragraph (but not includ- ing Participant contributions exceeding in the aggregate _% of Earnings or $ ). Employer Contributions on behalf of a Participant for a Plan Year shall not exceed $ or _% of Earnings, whichever is ❑ more or ❑ less. MPP Adoption Agreement 12/23/94 001-94 2. Each Participant may snake voluntary (unmatched), after-tax contribution, subject to the limitations of Section 4.05 and Articles V and VI of the Plan. .lg Yes ❑ No 3. Employer contributions and Participant contributions shall be contributed to the Trust in accordance with the following payment schedule: wee -K] y VIII.. EARNINGS Earnings, as defined under Section 2.09 of the Plan, shall include: (a) Overtime ❑ Yes Cg No (b) Bonuses ❑ Yes 0 No IX. LIMITATION ON ALLOCATIONS If the Employer (i) maintains or ever maintained another qualified plan in which any Par- ticipant in this Plan is (or was) a participant or could possibly become a participant, and/or (ii) maintains a welfare benefit fund (as defined in section 419(e) of the Code) or an indi- vidual medical account (as defined in section 415(l)(2) of the Code, under which amounts are treated as Annual Additions with respect to any Participant in this Plan) the Employer hereby agrees to limit contributions to all such plans as provided herein, if necessary in order to avoid excess contributions (as described in Sections 6.03 and 6.04 of the Plan). 1: If the Participant is covered under another qualified defined contribution plan maintained by the Employer, other than a Regional Prototype Plan, the provisions of Section 6.02(a) through (f) of the Plan will apply as if the other plan were a Master Prototype Plan, unless another method has been indicated below. ❑ Other Method. (Provide the method under which the plans will limit total Annual Additions to the Maximum Permissible Amount, and will properly reduce any excess amounts, in a manner that precludes Employer discretion.) Q MPP Adoption Agreement 12/23/94 001-94 2, If the Participant is or has ever been a participant in a defined benefit plan main- tained by the Employer, and if the limitation in Section 6.04 of the Plan would be exceeded, then the Participant's Projected Annual Benefit under the defined benefit plan shall be reduced in accordance with the terms thereof to the extent necessary to satisfy such limitation. If such plan does not provide for such reduction, or if the limitation is still exceeded after the reduction, annual additions shall be reduced to the extent necessary in the manner described in Sections 6.01 through 6.03. The methods of avoiding the limitation described in this paragraph will not apply if the Employer indicates another method below. ❑ Other Method. (Note to Employer: Provide below language which will satisfy the 1.0 limitation of section 415(e) of the Code. Such language must preclude Employer discretion. See section 1.415-1 of the Regulations for guidance.) The limitation year is the following 12 -consecutive month period: X. VESTING PROVISIONS The Employer hereby specifies the following vesting schedule, subject to (1) the minimum vesting requirements as noted and (2) the concurrence of the Plan Administrator. Years of Specified Minimum Service Percent Vesting Completed Vesting Requirements** Zero J00 % No minimum One /00 % No minimum Two /00 % No minimum Three 100 % Not less than 20% Four /00 % Not less than 40% Five 160 % Not less than 60% Six /00 % Not less than 80% Seven, or more 100 % Must equal 100% (**These minimum vesting requirements conform to the Code's three to seven year vesting schedule. If the employee becomes 100% vested by the completion of five years of service, there is no minimum for years three and four.) XI. Loans are permitted under the Plan, as provided in Article XIV: A Yes ❑ No MPP Adoption Agreement 12/23/94 001-94 X11. The Employer hereby attests that it is a unit of state or local government or an agency or instrumentality of one or more units of state or local government. XIII. The Prototype Sponsor hereby agrees to inform the Employer of any amendments to the Plan made pursuant to Section 15.05 of the Plan or of the discontinuance or abandonment of the Plan. XIV. The Employer hereby appoints the Prototype Sponsor as the Plan Administrator pursuant to the terms and conditions of the ICMA RETIREMENT CORPORATION PROTOTYPE MONEY PURCHASE PLAN & TRUST. The Employer hereby agrees to the provisions of the Plan and Trust. XV. The Employer hereby acknowledges it understands that failure to properly fill out this Adoption Agreement may result in disqualification of the Plan. XVI. An adopting Employer may not rely on a notification letter issued by the National or District Office of the Internal Revenue Service as evidence that the Plan is qualified under section 401 of the Internal Revenue Code. In order to obtain reliance with respect to plan qualification, the Employer must apply to the appropriate key district office for a determination letter: This Adoption Agreement may be used only in conjunction with basic Plan document number 001. In Witness Whereof, the Employer hereby causes this Agreement to be executed on this day of '19—. EMPLOYER By: Title: Attest: Accepted: ICMA RETIREMENT CORPORATION Title: Corporate. Secretary Attest: ® MPP Adoption Agreement 12/23/94 001-94 RESOLUTION NO. 95-51 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, ADOPTING THE 1996-00 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM' WHEREAS, a proposed Five -Year Capital Improvement Program for the City of Santa Clarita was submitted to the City Council and is on file in the City Clerk's Office; and WHEREAS, the proposed 1996-00 Five -Year Capital Improvement Program was presented to the City Council at the June 12, 1995, Study Session; and WHEREAS, the City of Santa Clarita's Planning Commission on June 20, 1995 determined that the proposed 1996-00 Five -Year Capital Improvement Program is consistent with the City's General Plan; and WHEREAS, on June 13, 1995, apublic hearing on the Five -Year Capital Improvement Program was held by the City Council to receive input from the public; and WHEREAS, on June 27, 1995, the Five Year Capital Improvement Program was received and adopted by the City Council subject to incorporation of comments. SECTION 1. The Capital Improvement Program presented to Council on June 27, 1995, is adopted subject to the incorporation of Council's comments, as the 1996-00 Five -Year Capital Improvement Program for the City of Santa Clarita. SECTION 2. The City Clerk shall certify to the adoption of this resolution and certify this record to be a full true, correct copy of the action taken. PASSED, APPROVED AND ADOPTED this day of , 1995. Mayor ATTEST: City Clerk RESOLUTION NO. 95-51 Page 2 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) § CITY OF SANTA CLARITA ) I, Donna M. Grindey, City Clerk, DO HEREBY CERTIFY that the above and foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of 1995 by the following vote of Council: AYES: COUNCILMEMBERS: NOES: COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: City Clerk AH:dls coun61\reso95-51.ah