PL PACKET 03171987 - Laserfiche WebLink

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l • -5- The Councilmembers = indicated. they were impressed with .the high rate of recovery for ,City victims using the pacemaker/defibrillator .Heart-Aid machine. The -Mayor commented- that the statistics the Fire Chief had provided -certainly bore out the -conclusion - that this -equipment -had been a good investment for the City and .its residents. Pay Raise Accepted .for Fire Department Reserves Mr: Childs had indicated in his December 30th memorandum that he would support a 2 year- phase-in of the Reserves ' request . for a raise in compensation which would result in total increases of $.2 , 300 on an annual basis . He said one of the reasons he was doing .so had been- the Reserves agreement that if the pension fund -should ever become inadequate' to cover the pension payouts, they will accept lesser pension amounts rather than to _force a special tax levy to cover the deficit. The Manager had indicated in his memorandum that he : considered this agreement provided an excellent safeguard for ..the City since we know of no other municipality that has such an agreement with its Reserves. There was general agreement with the Mayor ' s statement that a raise- was probably due since the last raise given had been in 1981 for pensions which had actually cost St. Anthony about $3 ,000 less in total payments . than had been estimated at that time. Mayor Sundland also noted that the Reserves ' willingness to take the necessary courses had made them one of the most highly trained units. It was further agreed that it was inaccurate to refer - to these firefighters as "volunteers" . Council Action Motion by Ranallo, seconded by Marks to accept the , City- Manager ' s recommendations regarding a pay raise for the St. Anthony Fire Department Reserves. Motion carried unanimously. City Will Look Into the League of Minnesota 'Cities Investment Program Councilmember Ranallo. gave some insight into the investment program outlinedlin the. LMC Executive- Director.'.s December 24th letter. He ..said. -the benefits the--cities -. 'derived from' participating .in the League' s. insurance pool had prompted the creation... of a , similar pool of short- term investment. offerings =which would be made .available. to League members... --Not; only would this program offer. investment opportunities to. the outstate - ' , cities :who: . have fewer investment . :resources but, -Councilmember Ranallo said, :an element of competition .would be. added to the investment _ opportunit'ies- in the metropolitan area as.,well. ,