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CITY OF ST. ANTHONY <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31. 1982 <br />Note 6. Retirement Plan <br />The City participates in a state-wide contributory pension plan under the <br />Public Employees' Retirement Association, Minnesota Statutes Chapter 353, which <br />covers all employees except temporary and seasonal employees. The City's <br />contribution for pension costs, under the state-wide plan, was $110,270 for the year <br />ended December 31, 1982. Under existing Minnesota law, the City has no future <br />contingent obligations or commitments to the plan or its participants except to make <br />continuing contributions as determined from time -to -time by the State Legislature. <br />Note 7. Leases <br />The City presently leases space for its administrative offices under a <br />lease agreement which expires August 1986. The lease requires annual rental <br />payments of $36,000. <br />In addition, the City leases space for its Apache Liquor store. The <br />lease, expiring November 1985, requires annual rentals of $15,990 plus the pro rata <br />share of common center expense. <br />-16- <br />