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CITY OF LINO LAKES <br />RESOLUTION NO. 14-110 <br />RESOLUTION OPTING TO JOIN THE VOLUNTARY STATEWIDE LUMP -SUM <br />VOLUNTEER FIREFIGHTER RETIREMENT PLAN <br />WHEREAS, The City of Lino Lakes is authorized to join the Voluntary Statewide Lump -Sum <br />Volunteer Firefighter Retirement Plan (SVFRP) administered by the Public Employees Retirement <br />Association (PERA); and <br />WHEREAS, The City of Lino Lakes has obtained a cost analysis for joining the Voluntary <br />Statewide Lump -Sum Volunteer Firefighter Retirement Plan from PERA not more than 120 days <br />ago; and <br />WHEREAS, The City of Lino Lakes highly values the contributions of City Fire Department <br />members to the safety and well being of our community and wishes to safeguard their pension <br />investments in a prudent manner <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Lino Lakes, Anoka <br />County, Minnesota, hereby does levy on a preliminary basis the following upon taxable property in <br />said City of Lino Lakes: <br />1. The City of Lino Lakes hereby approves coverage by and requests participation in the <br />Voluntary Statewide Lump -Sum Volunteer Firefighter Retirement Plan administered by <br />PERA under the terms provided in the PERA costs analysis at the $5,000 benefit level per <br />year of service; and <br />2. The City Clerk/Administrator and Mayor are hereby authorized to execute all documents <br />necessary to effectuate the intent of this resolution. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Kusterman and was duly seconded by Council Member Roeser and upon vote <br />being taken thereon, the followin voted in favor thereof: <br />Kusterman, Roeser, Rafferty, Stoesz, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />i nne Bartell, City 1� <br />