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ORD-26-89 AUTHORIZE AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC RETIREMENT SYSTEM WHICH PROVIDES THE 2 PERCENT AT 50 FULL FORMULA FOR LOCAL SAFETY MEMBERSORDINANCE NO. 26- 89 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF ORANGE AMENDING CHAPTER 2.76 OF THE ORANGE MUNICIPAL CODE TO AUTHORIZE AN AMENDMENT TO THE CONTRACT BETWEEN THE CITY COUNCIL OF THE CITY OF ORANGE AND THE BOARD OF ADMINISTRATION OF THE CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM WHICH PROVIDES THE TWO PERCENT (2%) AT FIFTY 50) FULL FORMULA FOR LOCAL SAFETY MEMBERS.WHEREAS, the city Council desires to amend the existing contract with the Board of Administration of the California Public Employees' Retirement System to provide the two percent (2%) at fifty (50) full formula for local safety members; and WHEREAS, as part of the amendment process, the City Council must adopt an ordinance authorizing the amendment of the existing contract and must provide specific authority to the Mayor to execute the amendment on behalf of the City of Orange; and WHEREAS, previous amendments of the contract between the City Council of the City of Orange and the Board of Administration of the California Public Employees' Retirement System have been codified as Chapter 2.76 of the Orange Municipal code.NOW, THEREFORE, the City Council of the City of Orange ordains as follows:SECTION I:Amend Chapter 2.76 of the Orange Municipal Code to read in its entirety as follows:2.76.010 Amendment - Authorization. An amendment to the existing contract between the City Council of the City of Orange and the Board of Administration of the California Public Employees' Retirement System is hereby authorized. This amendment shall provide the 2% at 50 full formula for local safety members. A copy of said amendment is attached hereto, marked "Exhibit A," and by such reference made a part hereof as though set out in full. 2.76.020 Amendment - Execution bv Mavor. The Mayor of the City of Orange is hereby authorized, empowered, and directed to execute that certain amendment incorporated by reference in this Chapter.Section II:A summary of this Ordinance shall be published and a certified copy of the full text of this Ordinance shall be posted in the Office of the City Clerk at least five (5) days prior to the city Council meeting at which this Ordinance is to be adopted. A summary of this Ordinance shall also be published once within fifteen ( 15) days after this Ordinance's passage in the Orange City News, a newspaper of general circulation, published, and circulated in the City of Orange. The City Clerk shall post in the Office of the city Clerk a certified copy of the full text of such adopted Ordinance along with the names of those City Council members voting for and against the Ordinance in accordance with Government Code section 36933. This Ordinance shall take effect thirty (30) days from and after the date of its final passage.ADOPTED this 14th day of November 1989.l~Mayor of the l. ty of Oran e ATTEST:L.-/J1/?AA--P~ q Q.~ity Clerof tHe C~ of orange STATE OF CALIFORNIA)COUNTY OF ORANGE )CITY OF ORANGE )I, MARILYN J. JENSEN, City Clerk of the city of Orange,California, do hereby certify that the foregoing Ordinance was introduced at the regular meeting of the city Council held on the 19th day of September 1989, and thereafter at a regular meeting of said City Council duly held on the 14th day of November , 1989, was duly passed and adopted by the following vote, to wit:AYES: COUNCIL MEMBERS: STEINER, BARRERA, MAYOR SMITH, BEYER, COONTZ NOES:COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE ABSENT:ABSTAIN: COUNCIL MEMBERS: NONEA'~~ 0 (b~t?/V Cl.ty Cler f thS/ c~ of Orange Ord. 26-89 3-