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AGENDA ITEM #3.7 <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: August 1, 2006 <br /> Sub_i ect: Deferred Compensation Resolution <br /> Report: The City currently offers a deferred <br /> compensation plan to employees through ING. We would <br /> like to offer an additional plan to employees through ICMA <br /> `., Retirement Corporation. ICMA is a not-for-profit <br /> corporation founded by public service employees which <br /> offers a deferred compensation retirement program for <br /> public sector employees. <br /> Council Action Requested: Council motion adopting the <br /> attached resolution relating to a 457 Deferred <br /> Compensation Plan. <br />