HomeMy WebLinkAbout2004-107 CCRMember Kay la.sman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 200-107
RESOLUTION APPROVING AMENDMENT TO THE FIRE DEPARTMENT
RELIEF ASSOCIATION BY-LAWS
WHEREAS, the Brooklyn Center Fire Department Relief Association has requested
City approval of a benefit increase for retirees; and
WHEREAS, such benefit increase would require an amendment of the City of
Brooklyn Center Fire Department Relief Association By-laws; and
WHEREAS, Van Iwaarden and Associates has conducted an actuarial valuation and
benefit study and determined that the anticipated assets available for benefits would be sufficient to
support the proposed By-law amendment to increase the benefit the level to $6,000 per year; and
WHEREAS, Springsted public finance advisors has reviewed the report prepared by
Van Iwaarden and Associates and the financial statement for the City of Brooklyn Center Fire
Department Relief Association for the year ended December 31, 2003, and found the fund to be well
run and actuarially sound based upon the review of the Van Iwaarden and Associates report and
financial statement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that an amendment to the By-laws of the City of Brooklyn Center Fire Department
Relief Association to increase the lump sum benefit to $6,000 per year be and hereby is approved as
of January 1, 2004, and be it further resolved that the lump sum benefit amount be reviewed again in
August 2005 and that the Fire Relief Association be and hereby is encouraged to begin work on
meeting the cash contingency targets recommended by Springsted.
August 9. 2004
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ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kathleen Carmody
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay la.sman, Diane Niesen, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.