11-13-91 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL NOVEMBER 13, 1991 Blesener noted that the increase would take the fund down to the 92% funded level. Scalze suggested that any increase be considered as part of the budget review process, and be handled as an entire package along with the Fire Department budget. Blesener pointed out that the increase is based on existing funds, and what happens with the budget does not effect the Pension Fund. DeBace indicated that Bob Pierce of the State Auditing Office has found the Pension Fund to be in excellent shape. Blesener pointed out that there are many pension funds that are at a 100%-funded level, and only a few are at below 90% funded. Mr. Blesener introduced the following resolution and moved its adoption: RESOLUTION NO. 91-11-381 - APPROVING A BENEFIT INCREASE FROM $1,800 TO $2,000 PER YEAR OF SERVICE AS REQUESTED BY THE FIRE RELIEF ASSOCIATION BASED ON THE RECOMMENDATION OF THE PENSION BOARD AND THE OPINION OF THE CITY AUDITOR THAT THIS DOES NOT BRING THE FUNDING OF THE PENSION FUND DOWN TO AN UNREASONABLE LEVEL The foregoing resolution was duly seconded by Collova. Ayes (5) Blesener, Collova, Aanson, LaValle, Scalze. Nays (0). Resolution declared adopted. VARIANCE Mr. Vance Dahle has requested a one-year front yard EXTENSION setback variance extension for Lot 3, Block 3, Thunder DAALE Bay Estates 2nd Addition, which he recently purchased from Mr. Don Valento. Mr. Dahle intends to construct a home on this lot in the Spring. Mr. Blesener introduced the following resolution and moved its adoption: RESOLUTION N0. 91-11-382 - APPROVING A ONE-YEAR VARIANCE APPROVAL EXTENSION FOR LOT 3, BLOCK 3 THUNDER BAY ESTATES 2ND ADDITION AS REQUESTED BY VANCE DAHLE The foregoing resolution was duly seconded by LaValle. Ayes (5) Blesener, LaValle, Hanson, Scalze, Collova. Nays (0). Resolution declared adopted. Page 4