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66 Regular Meeting December 8, 1986 Page 5 Adoption of Ordinance on third and final reading: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AMENDING SECTION 2-43 OF DIVISION 2, ENTITLED "TEXAS MUNICIPAL RETIREMENT SYSTEIvl" OF ARTICLE III, ENTITLED "CIVIL SERVICE AND EMPLOYEE BENEFITS" OF CHAPTER 2 OF THE CODE OF ORDINANCES OF SAID CITY TO CHANGE THE DATE ON WHICH CALCULATIONS OF UPDATED SER- VICE CREDITS ARE BASED, UNDER THE ACT GOVERNING THE TEXAS MUNICIPAL RETIREMENT SYSTEM, FOR SERVICE PER- FORMED BY QUALIFYING MEMBERS OF SUCH SYSTEM IN THE EMPLOYMENT OF SAID CITY AND TO CHANGE THE DATE ON WHICH CALCULATIONS OF UPDATED SERVICE CREDITS ARE BASED UNDER SAID ACT FOR SERVICE PERFORMED BY QUALIFY- ING MEMBERS OF SUCH SYSTEM WHO HAVE UNFORFEITED CREDIT FOR PRIOR SERVICE AND/OR CURRENT SERVICE WITH OTHER PARTICIPATING MUNICIPALITIES BY REASON OF PREVIOUS SERVICE AND ~~O WERE CONTRIBUTING MEMBERS ON JANUARY 1, 1986; AMENDING SECTION 2-44(b) OF SAID DIVISION OF SAID ARTICLE OF SAID CHAPTER OF SAID CODE TO CHANGE THE DATE ON WHICH CALCULATIONS OF THE INCREASE IN RE- TIREMENT ANNUITIES ARE BASED; AND DECLARING AN EFFECT- IVE DATE. Mayor Younger introduced for consideration adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, APPROVING A PROPOSED CONTRACT BETWEEN SAID CITY AND THE SAN MARCOS CHAMBER OF COMMERCE FOR THE ADMINISTRATION OF FUNDS COLLECTED PURSUANT TO ARTICLE II OF CHAPTER 26 OF THE CODE OF ORDINANCES OF SAID CITY AND AS AUTHORIZED BY ARTICLE l269J-4.l., V .A. T. S .; AUTHORIZ ING THE IvlAYOR OF SAID CITY TO EXECUTE SAID CONTRACT; AND DECLARING AN EFFECTIVE DATE. Mr. Farr moved for adoption of the Resolution and Ms. Kissler seconded the motion. Mr. Gandy requested the Committee Members terms be stag- gered, and Mr. Hankins responded this could be accomplished by Mr. Gandy's notification to the representatives. In response to Mr. Brown's question, Mr. Gandy advised there were no plans for billboards in the coming year's budget. On roll call the Council voted unanimously for adoption of the Resolution. Mayor Younger introduced for consideration adoption of a Resolution, the caption which was read as follows: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, EXERCISING ITS OPTION FOR A SECOND YEAR OF HEALTH INSURANCE COVERAGE WITH BENEFIT TRUST LIFE INSURANCE COMPANY, CHANGING THE COVERAGE YEAR TO COINCIDE WITH THE CALENDAR YEAR, ESTABLISHING A RESERVE FUND, ESTABLISHING A CLAIMS ACCOUNT, AUTHORIZING THE CITY MANAGER TO PROVIDE FOR THE CITY TO PAY ANY IN- CREASES IN EMPLOYEE DEPENDENTS' COVERAGE AND DECLARING AN EFFECTIVE DATE. Mr. Coddington moved for adoption of the Resolution and Ms. Kissler seconded the motion, which passed unanimously.