09-08-2004 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL SEPTEMB>R 8, 2004 The foregoing resolution was duly seconded by Montour. Ayes (2) Fahey, Montour. Nays (Z) Blesener, LaValle. Resolution denied. It was noted that the City Council must adopt the preliminary 2005 Budget by September 15`x'. Given the issue of the City's Fire Relief contribution level, the Council discussed having a special meeting with the Fire .Relief Association prim to September 15°i to resolve the contribution level issue. It was noted that at the last Fire Re]iefBoard meeting, the City Administrator indicated that he would do some research relative to pension levels and report back at the next meeting. The Administrator indicated that he was not sure he could have that research completed within the next few days. The Cowrcil continued its discussion of the contribution level, with LaValle and Blesener indicated that while they were not opposed to a benefit level ina'ease, they were not comfortable with the $42,000 City contribution level. There was also discussion on Che performance of the pension fund and the need to address investment practices. LaValle suggested that the preliminary budget include a $30,000 City contribution level at this point for discussion purposes. It was then suggested that at the time that the City Administrator's research is completed, a meeting of the Council and Fire Relief Board can be called to thoroughly discuss the issue. The City Administrator indicated that a $30,000 contribution level would put the gross level amount at $2,132,332 resulting in a gross levy increase of 1.4%. Montour noted that setting the contribution level at $30,000 does not mean that this is the level agreed to by the City. The budget is just preliminary at this point, and he noted that there are still several issues that will need finalization. Mr. LaValle introduced the following resolution and moved its adoption: RES07_ IITlON NO. 2004-9-2/ 0 - CERTIFYING A PRELIMINARY 200513UDGF.T WITHA GROSS LEI/YAMOUNT OF ~'2„132,332 The foregoing resolution was duly seconded by Blesener. Ayes (4) LaValle, Blesener, Fahey, Montour. Nays (0). Resolution declared adopted.