(A) The city adopts a deferred compensation plan and appoints the ICMA Retirement Corporation to serve as administrator thereunder.
(B) The city executes the ICMA retirement trust, adopts the trust agreement, appoints the ICMA Retirement Corporation as trustee thereunder and directs the corporation, as trustee, to invest all funds held under the deferred compensation plan through the retirement trust as soon as is practicable.
(C) The City Treasurer shall be the coordinator for this program, shall receive necessary reports, notices and the like from the corporation as administrator, and shall cast, on behalf of the city, any required vote under the program. Administrative duties to carry out the plan may be assigned to appropriate departments of the city.
(2000 Code, § 2.22.100)