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City of <br />Elk <br />River <br />City of Elk River <br />City Council <br />Resolution 20- 73 <br />A Resolution of the City Council of the City of Elk River to Amend and <br />Restate the City's Flexible Benefits Plan <br />WHEREAS, the City of Elk River previously adopted the City of Elk River Flexible <br />Benefits Plan ('Plan") on June 6, 1988, to permit eligible Employees to elect to receive a <br />portion of their compensation as regular taxable income or as nontaxable payment of the <br />Employee's premiums for Employer -sponsored insurance and for reimbursement of the <br />Employee's Health Care Expenses and Dependent Care Expenses; and <br />WHEREAS, the Plan has continued in force at all times since its effective date; and <br />WHEREAS, the most recent revision and restatement of the Plan was January 1, 2014; <br />and <br />WHEREAS, The City of Elk River desires to amend and restate the Plan to incorporate a <br />Grace Period provision for Plan Year 2020. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br />River, Minnesota, as follows: The City of Elk River Flexible Benefits Plan be amended and <br />restated effective January 1, 2020. <br />Passed and adopted this 2nd day of November 2020. <br />hn, . Diet2Vayor <br />ATTEST: <br />—4 <br />Tina Allard, City Clerk <br />rpD'VEB�'EI BI <br />NA ! URE <br />