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1 <br />2 <br />3 <br />4 <br />51 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />(d.) Mutual Fund Services Fee. There is an annual charge of 0.0% assessed against <br />the average daily net Plan assets invested in the Trust's Mutual Fund Series. <br />BE IT FURTHER RESOLVED that the compensation and payment set forth in this <br />Section 6 is contingent upon Employer's continued use of EZLink for enrollment and <br />contribution processing over the term of the Agreement; and <br />BE IT FURTHER RESOLVED that Section 9 of the Agreements, titled "Term" is <br />amended to provide as follows: <br />This Agreement shall be in effect for an initial term beginning on the Execution Date <br />and ending 5 years after the Execution Date. This Agreement will be renewed automatically <br />for each succeeding year unless written notice of termination is provided by either party to <br />the other no less than 60 days before the end of such Agreement year. <br />The fee amendment specified in Section 6 of the Agreement will take effect in the <br />calendar quarter following the ICMA Retirement Corporation's receipt of one fully -executed <br />copy of this Agreement based upon the following schedule: <br />Received by February 20: Effective April <br />Received by May 20: Effective July <br />Received by August 20: Effective October <br />Received by November 20: Effective January <br />BE IT FURTHER RESOLVED that the City Council hereby authorizes the City <br />Manager the authority to sign any contract amendments that are required per the Internal <br />Revenue Service rules and regulations. Staff will present to the City Council on a quarterly <br />basis, or as needed, any changes that have been made to the ICMA agreement; and <br />Reso ICMA plan amend 120704 <br />Page 2 of 3 <br />