RESOLUTION 84-17705 RESOLUTION NO. 84-17705
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE
MAYOR AND THE CITY CLERK TO EXECUTE AN AMENDED
AGREEMENT WITH THE ADMINISTRATOR FOR THE CITY
OF MIAMI BEACH DEFERRED COMPENSATION PROGRAM.
WHEREAS, the City of Miami Beach has established a
Deferred Compensation Program by passage of Ordinance No. 83-2398
on December 21, 1983; and
WHEREAS , the City has implemented the Deferred
Compensation Program by passing Resolution No. 83-17598 on
December 21, 1983 designating the Copeland Companies as
Administrator of said Deferred Compensation Program; and
WHEREAS , the City on December 30, 1983 contracted with
the Copeland Companies ' parent corporation, Intangible Marketing,
Inc. for the purpose of engaging the Copeland Company as the
Administrator of the Deferred Compensation Program upon the terms
and conditions set forth therein; and
WHEREAS, upon deliberative review by the City Purchasing
Agent, City Administration and City Attorney, it would be in the
best interests of the City to enter into an Amended Agreement with
the Administrator to add certain provisions to the aforementioned
agreement which would further preserve and protect the City' s
interest,
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
MIAMI BEACH, FLORIDA that the Mayor and the City Clerk shall
execute an Amended Agreement between the City and the
Administrator of the Deferred Compensation Program with the
following amendments:
1. That the three affiliated Copeland companies, H. C.
Copeland and Associates, Inc. , H. C. Copeland and Associates
Equities, Inc. , and Intangible Marketing, Inc. , shall all be
parties to the agreement and collectively referred to as
"Administrator" ;
2 . To identify the bank address and account number of
the Administrator receiving the City employees ' payroll deductions
for the Deferred Compensation Program; •
OFFICE OF THE CITY ATTORNEY- 1700 CONVENTION CENTER DRIVE -MIAMI BEACH,FLORIDA 33139
3 . To provide that the employee list is confidential to
the extent allowed by law;
4. To name the City as sole beneficiary of the
insurance coverage required by the Agreement, and to provide that
the insurer ' s Florida Resident Agent shall countersign the
insurance coverage;
5. To set forth the Administrator ' s compliance with all
applicable Federal, State, County and City of Miami Beach laws,
rules and regulations;
6 . To provide that the requisite proof of insurance
coverage and bonding requirements shall be furnished to the
Insurance Manager within thirty (30) days of the execution of the
Amended Agreement.
7. To identify the City Manager and his authorized
designees as the City' s administrator and manager of its
responsibilities and procedures pursuant to the Deferred
Compensation Agreement with the Administrator .
PASSED and ADOPTED this 19th day of April ►
1984 .
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OFFICE OF THE CITY ATTORNEY -1700 CONVENTION CENTER DRIVE -MIAMI BEACH,FLORIDA 33139
ORIGINAL
RESOLUTION NO. 84-17705
(Authorizing the Mayor and the City Clerk
to execute an amended agreement with the
administrator for the City of Miami Beach
Deferred Compensation Program)