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RESOLUTION <br /> TO ELECT A TAX SHELTER, OF EMPLOYEES' CONTRIBUTIONS YA`IABLE <br /> AS MEMBERS OF THE NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SY'STE12 <br /> WHEREAS, the 1981 Session (1982 Regular Session) of the North Carolina <br /> General Assembly, by a duly ratified bill effective July 1, 1982, enacted North <br /> Carolina General Statute 128--30(bl), a copy of which is attached hereto, which <br /> under the conditions specified therein permits an employer participating in the <br /> North Carolina Local. Governmental Employees' Retirement System to tax shelter <br /> the contributions payable to this System by its employees who are members of this <br /> System; and, <br /> WHEREAS, this employer is an employer participating in the North Carolina <br /> Local Governmental Employees' Retirement System with respect to its eligible <br /> employees; and, <br /> WHEREAS, this employer deems it desirable to tax shelter the contributions <br /> payable by its employees as members of the North Carolina Local Governmental. <br /> Employees' Retirement System, <br /> NOW, THEREFORE BE IT RESOLVED BY THE Orange County Board of Commissioners <br /> iti iegulai7 session, that as-of .Tuly 1, 1982 the Orange County Employees elects <br /> pursuant to the provisions of North Carolina General Statute 12£3-30(b1) to pick <br /> up and pay to the North Carolina Local Governmental Employees' Retirement System <br /> the contributions which would be otherwise payable to this System by its employees <br /> who are members of this System and to treat in all respects such contributions in <br /> the manner specified in said North Carolina General Statute 128-30(bl). <br /> Upon motion of COMMIssionerUalker and seconded by y <br /> Commissioner Gustaveson the above resolution was introduced and adopted. <br /> The number voting in the affirmative was 4 and the number voting, in <br /> the negative was �C- <br />