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1999-21-Resolution No. 98-141 Recorded 1/13/1999r VOL: CJ1999 PAGE: 21 RECORDED DOCUMENT STATE OF OREGON COUNTY OF DESCHUTES I hereby certify that the attached instrument was received and duly recorded in Deschutes County records: DATE AND TIME: DOCUMENT TYPE: Jan. 13,1999; 3:11 p.m. Resolution (CJ) MARY SUE PENHOLLOW DESCHUTES COUNTY CLERK *01999-21 *Vol -Page 02/04/1999 16:15:58 MICR FEB 1�0 59ff f/1"�I .•w E� LJ REVIEWE©� r' LEGAL COUNSEL BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Amending the Deschutes County * cw Deferred Compensation Plan, Waiving Notice * n;:17) C -- Period, Period, and Setting an Effective Date. * o c "� rn RESOLUTION NO. 98-141 ; �U W, WHEREAS, pursuant to Internal Revenue Code Section 457, prior to January 1, � all -assets and income of any deferred compensation plan held by state or local government employ6s s5all be held in a trust, custodial account or annuity contract for the exclusive benefit of plan participants and their beneficiaries; and WHEREAS, all assets of the Deschutes County Deferred Compensation Plan (Plan) must be transferred into a trust, custodial account and/or annuity contract on or before December 31, 1998, the Board finds it necessary to waive any notice required under the provisions of the Plan; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. The Deschutes County Deferred Compensation Plan (Plan) is amended to reflect the addition of language set forth in Exhibit A attached hereto and by this reference incorporated herein, and all assets of the Plan are declared to be held by Deschutes County, through its Finance Director, as Trustee of said assets pursuant to IRC Sections 401(f) and 457(g). Section 2. Deschutes County Legal Counsel is directed to make all such additional changes and modifications to the language of the Plan document as are necessary to comply with statutory requirements. Section 3. Any notice period required under the provision of the Plan is hereby waived and this amendment is effective December 31, 1998. DATED this 21" day of December, 1998. ST: Recording Secretary BOARD OF COUNTY COMMISSIONERS FOR PAGE I - RESOLUTION No. 98-141 (12-21-1998) LN, Lommissioner