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HomeMy WebLinkAbout1997-232 CCRKathleen Carmod_y Member introduced the following resolution and moved its adoption: RESOLUTION NO. 97-232 RESOLUTION APPROVING AMENDMENTS TO THE FIRE DEPARTMENT RELIEF ASSOCIATION BYLAWS WHEREAS, The Brooklyn Center Fire Department Relief Association has written new bylaws which incorporate several changes including a benefit increase for retirees from the previous bylaws written in 1994; and WHEREAS, Van Iwaarden Associates has conducted an actuarial valuation and benefit study and determined the anticipated assets available for benefits as of December 31, 1997 to be sufficient to support the proposed benefit level; and WHEREAS, The City contribution of $108,451 was provided for in the 1997 Annual Budget and it is proposed to maintain that contribution level. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota, as follows: 1. that the Bylaws of the City of Brooklyn Center Fire Department Relief Association dated January 1, 1998, are approved. 2. that the increase in the lump sum benefit to $5,000 per year defined in the bylaws be put into effect as of January 1, 1998. 3. that continued payment of the City contribution is authorized. December 15, 1997 Date Mayor ATTEST: City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Kay Lasman , and upon vote being taken thereon, the following voted in favor thereof: Myrna Krafness, Kathleen Carmody, Debra Hilstrom, Kay Lasman, and Robert Peppe; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.