The URL can be used to link to this page

0593 CITY OF SOUTHLAKE, TEXAS ORDINANCE NO. 593 AN ORDINANCE ALLOWING CERTAIN EMPLOYEES OF THE CITY WHO HAVE TERMINATED PREVIOUS MEMBERSHIPS IN TEXAS MUNICIPAL RETIREMENT SYSTEM, TO DEPOSIT THE SUMS SO WITHDRAWN, PLUS ANNUAL WITHDRAWAL CHARGES, AND ALLOWING AND UNDERTAKING THE COST OF ALLOWING ANY SUCH EMPLOYEE CREDIT IN SUCH SYSTEM FOR ALL SERVICE TO WHICH SUCH EMPLOYEE HAD BEEN ENTITLED AT DATE OF SUCH WITHDRAWAL, WITH LIKE EFFECT AS IF ALL SUCH SERVICE HAD BEEN PERFORMED AS AN EMPLOYEE OF THIS CITY. WHEREAS, the actuary of the Texas Municipal Retirement System has determined that all obligations charged against the City's account in the municipality accumulation fund, including the obligations arising as a result of this ordinance, can be funded by the City within its maximum contribution rate and within its amortization period; and WHEREAS, the City Council has determined that adoption of this ordinance is in the best interests of the City; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SOUTHLAKE, TEXAS: Section 1. That pursuant to Section 63.003 of Subtitle G of Title 110B, Revised Civil Statutes of Texas, 1925, as amended, the City of Southlake hereby elects to allow any member of Texas Municipal Retireme t System who is an employee of this City on the 5 day of &VJ4,~ , 19 , who has terminated a previous membership in said System by withdrawal of deposits while absent from service, but who has at least 24 months of credited service as an employee of this City since resuming membership to deposit with the System in a lump sum the amount withdrawn, plus a withdrawal charge of five per cent (5%) of such amount for each year from date of such withdrawal to date of redeposit, and thereupon such member shall be allowed credit for all service to which the member had been entitled at date of termination of the earlier membership, with like effect as if all such service had been rendered as an employee of this City, whether so rendered or not. The City of Southlake agrees to underwrite and hereby assumes the obligations arising out of the granting of all such credits, and agrees that all such obligations and reserves required to provide such credits shall be charged to this City's account in the municipality accumulation fund. The five per cent (501) per annum withdrawal charge paid by the member shall be deposited to the credit of the City's account in said municipality accumulation fund; and the deposits of the amount previously withdrawn by the member shall be credited to his or her individual account in the employees saving fund of the System. Section 2. That this ordinance shall be in full force and effect from and after its passage and publication as required by law, and it is so ordained. b:593.ORD/ORD/kb Page 1 SS D AND APPROVED on the lst reading the day of J -MU) 1993. YOR ; = y = ATTEST : CITY SECRETARY AND APPROVED on the 2nd reading the day of ~i 1993. H~L~q 0 , I.- YOR tt ~ i1, to ~s ATTEST: ' :CAS i ~a ''~h1~~~nu►n+►'''~~~ CITY SECRETARY APPROVED AS TO FORM AND LEGALITY: OL CITY ATTORNEY DATE : 2 -y 3 ADOPTED : EFFECTIVE: Z i b:593.ORD/ORD/kb Page 2 fo'.tWorth Star-Telegram 400 W.SEVENTH STREET• FORT WORTH,TEXAS 76102 .STATE OF TEXAS ty of Tarrant Before me, a Notary Public in and for said County and State, this day personally appeared PENNY GRAY Billing Specialist for the Fort Worth Star-Telegram, published by the Star-Telegram Inc . at Fort Worth , in Tarrant County , Texas ; and who, after being duly sworn, did depose and say that the following clipping of an advertisement was published in the above named paper on the following dates : DATE AD INVOICE NO. DESCRIPTION AD SIZE INCH,ALI RATE AMOUNT L OCT 08' 2558102 CL . 358 1X39 L 39 . 43 I 16. 77 oct8 CITY OF SOUTHLAKE, TEXAS ORDINANCE NO.593 AN ORDINANCE ALLOW- ING CERTAIN EMPLOY- EES OF THE CITY WHO HAVE TERMINIATED PREVIOUS MEMBER- SHIPS IN TEXAS MUNICI- PAL RETIREMENT SYS- TEM, WIHDAWN, PLUS ANNUAL WITH- DRAWAL CHARGES, AND ALLOWING AK II NG THE COST OFF ARL- LOWING ANY SUCH EM- !! PLOYEE CREDIT IN SUCH SYSTEM FOR ALL SER- 'I G N EID VICE TO WHICH SUCH EM- PLOYEE HAD BEEN ENTI- .i.11A""..4-1 :LSA.C1-A---1\ 1BSCRIBED AND SWOI TLED AT DATE OF SUCH IE , THIS THE 8thlir OF OCT. 9 3 WITHDRAWAL WITH LIKE EFFECT AS I�ALL SUCH NOTARY PUBLIC /r1�� !( / SERVICE HAD BEEN PER- FORMED AS AN EMPLOY- Qy"�q� EE OF THIS CITY. "°-/ f\- 1 PASSED AND 17ARRANT COUNT , TEXAS -n; THE CITY OF SOUTH- �0 Co LAKE,THIS THE 5th day of October, 1993 �s SGo Gary Fickes,Mayor of South- Wr-.......-f �r lake !.� Attest: Sandra L.LeGrand,City Sec- retary Approved as to form:E.Allen Taylor Jr.,City Attorney TEAR ALONG THIS PERFORATION AND RETURN THE LOWER PORTION WITH YOUR PAYMENT REMIT TO: 400 W . SEVENTH , FW, TX 76102 �y p�y �X Fort Worth ��fIT��Star-Telegram ACCOUNT AMOUNT 2558102 NUMBER CIT57 DUE 16. 77 PAGE :!F 1 S CITY OF SOUTHLAKE - 667 N CARROLL AVE 16. 77 SOUTHLAKE TX 76092 9595 IPLEASEPA Y ► ATTN : SANDRA LEGRAND PLEASE WRITE IN AMOUNT ENCLOSED tbrt, Worth Ntar=lelegram 400 W.SEVENTH STREET•FORT WORTH,TEXAS 76102 HE STATE OF TEXAS Ilkmy of Tarrant Before me, a Notary Public in and for said County and State , this day personally appeared PENNY GRAY Billing Specialist for the Fort Worth Star-Telegram, published by the Star-Telegram Inc . at Fort Worth, in Tarrant County, Texas; and who, after being duly sworn, did depose and say that the following clipping of an advertisement was published in the above named paper on the following dates: DATE AD INVOICE NO. DESCRIPTION AD SIZE TOTAL RATE AMOUNT a IN SEP 24 2549777 CL . 358 1X45 L 45 . 43 19 . 35 sep24 .. NOTICE IS HEREBY GIV- EN TO ALL INTERESTED PER SONS that the CityCoun- . 'cli of the City of Southlake, Texas,will beholding a public hearing during the Regular City Council meeting9 to be (don October 5 1993,begi n- at 7:00 p.m.the meeting be held in the City Council ambers of City Hall, 667 ____ __. _. ..... _.. North Carroll Avenue,South- lake, Texas. The purpose of tetrtMlichearingis toconsid- er the following ordinance: ........_....... ................ .--.......—_ __ _ -. CITY OF SOUTHLAKE, TEXAS ORDINANCE NO.593 AN ORDINANCE ALLOW- E St1BSCRIBED AND SWORN 1EEs OFR-la E CETYPW o THIS THE 29 th DAY OF -SEPT. , 1993 11/1 HAVE PRE- VIOUS ATED IN NOTARY PUBLIC VIOUS MEMBERSHIPS IN TEXAS MUNICIPAL RE- TIREMENT SYSTEM, TO di..5„0cr,__.._......_.. ......,.._.-. ............. ... ._._. _ ._.._....----._.__� DEPOSIT THE SUMS SO NUALDR wNYHD PLUS TARRANT COUNTY, TEXAS CHARGES AND ALLOW- _.. ......._ -.. rP,Nhti... ING AND UNDERTAKING e y THE COST OF ALLOWING 4_` °%4 ANY SUCH EMPLOYEE 44�.�� CREDIT IN CUSH SYSTEM _.. i t".FOR ALL SERVICE TO f ' WHICH SUCH EMPLOYEE 4. ..... N� 4 HAD BEEN ENTITLED AT t� DATE OF SUCH WITH- - DFEATALI, __.... _. ._ ........... VICE HAD BEEN _. ........ PERFORMED AS AN EM- PLOYEE OF THIS CITY. City of Southlake,Texas Sandra L.LeGrand City Secretary -TEAR ALONG THIS-PERFORA(IUN ANU RETURN THE LOWER PORTION WITH YOUR PAYMENT-� REMIT TO : 400 W . SEVENTH , FW, TX 76102 Porth t r- �,,F_��. X.Xa Tele rgam ACCOUT C I T 5 7 NUMBER DUE 1 1 PAGE OF CITY OF SOUTHLAKE III 667 N CARROLL AVE 19 . 35 SOUTHLAKE TX 76092-9595 PLEASE PAY THIS AMOUNT ATTN : SANDY LEGRAND PLEASE WRITE IN AMOUNT ENCLOSED