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RES 82-038 RSOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE AGREEMENT BETWEEN THE CITY OF ST. ANTHONY AND THE ST. ANTHONY FIREFIGHTERS RELIEF ASSOCIATION REGARDING ESTABLISHING OF A PENSION FUND
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RES 82-038 RSOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE AGREEMENT BETWEEN THE CITY OF ST. ANTHONY AND THE ST. ANTHONY FIREFIGHTERS RELIEF ASSOCIATION REGARDING ESTABLISHING OF A PENSION FUND
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RES 1982
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RES 82-038 RSOLUTION AUTHORIZING THE MAYOR AND CITY MANAGER TO EXECUTE THE AGREEMENT BETWEEN THE CITY OF ST. ANTHONY AND THE ST. ANTHONY FIREFIGHTERS RELIEF ASSOCIATION REGARDING ESTABLISHING OF A PENSION FUND
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AGREEMENT <br /> THIS AGREEMENT is made this 21 day.. of , <br /> 1982 , between the CITY OF ST. ANTHONY, a Minnesota mun` ipal corpora- <br /> tion, (-the "City") and the ST. ANTHONY FIREFIGHTERS RELIEF ASSOC . , <br /> a corporation formed under the Minnesota Nonprofit Corporation Act, <br /> (the "Association") . <br /> WHEREAS , the Association is composed partially of volunteer <br /> firefighters and partially of salaried firefighters .and is governed by. ', <br /> I2innesota Statutes sections 69 .771 to 69 . 776 , as amended, (known as <br /> "The Volunteer Firefighter's Relief Association Guidelines Act of <br /> 1971"1and sections 424A.01 and 424 .09; and <br /> WHEREAS ,-, the Bylaws .of the Association provide for ,payment <br /> of lump sum service pensions ,, but not monthly service pensions , so <br /> that- Minnesota Statutes section 69. 77.2 applies to the Association; and , <br /> WHEREAS , the Association -desires to have its Bylaws approved <br /> and ratified by the .City Council of the- City., so that the Association <br /> may receive public funds ; and <br /> WHEREAS, the City desires to assist its firefighters and <br /> prudently to expend public funds- for the support of the Association; <br /> NOW', ,THEREFORE,. the City and the Association agree as follows : <br /> 1. Each calendar..year, starting with 1982 , the City will <br /> contribute to the special fund of the Association any <br /> applicable fire state .aid, as required .by Minnesota <br /> Statutes.. <br /> 2 . During ,calendar years 1983 through 1986 (inclusive) the <br /> City will make additional contributions to the special <br /> fund of the Association; but, the aggregate amount of <br /> such additional .contributions .will not exceed twenty-two <br /> thousand dollars ($22 ,000) . Based on- financial projec- <br /> tions , it is anticipated that the annual additional <br /> contributions will be as follows : <br /> Year Amount <br /> 1983 $9 ,050 <br /> 1984 $6 ,725 <br /> 1985 $4 , 375 <br /> 1986 $1 ,850 <br /> The actual annual additional contributions will be based <br /> on the financial -.requirements of the special fund of the <br /> Association and the minimum obligations of the City with <br /> respect to thespecial fund, as certified .by the officers <br /> • of the Association - in accordance with Minnesota Statutes <br /> section 69.. 772 , subdivisions 3 and 4. In no event, <br />
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