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RESOLUTION 1989 - 21 <br />A RESOLUTION AUTHORIZING AN INCREASE IN RETIREMENT BENEFITS <br />FOR THE CITY OF HUGO FIREMEN'S RELIEF ASSOCIATION. <br />WHEREAS, the financial report prepared for the Firemen's Relief <br />Association for the period ending 1989 reflects the ability to increase <br />retirement benefits without the need for a municipal tax levy, and <br />WHEREAS, said increase does not increase the retirement benefits of <br />those individuals who have retired from the City of Hugo Fire Department <br />prior to January 1, 1990; <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of <br />Hugo, Minnesota, that the retirement benefits for qualifying members of the <br />Hugo Fire Department be increased from $500.00 per year of service to <br />$550.00 per year of service effective January 1, 1990. <br />BE IT FURTHER RESOLVED, that the retirement benefits for qualifying <br />members of the Hugo Fire Department be increased from $550.00 per year of <br />service to $600.00 per year of service effective January 1, 1991, contingent <br />upon the submission of properly completed financial schedules by August 1, <br />1990, which reflect no need for any municipal tax levy. <br />Upon roll call the following Council members voted AYE: Olson, Jesinski, <br />Vail, McAllister, Atkinson <br />Upon roll call the following Council members voted NAY: None <br />Whereupon said resolution was declared paadopted this 16th day of <br />October, 1989. ssRd and / <br />kirV,�bn, Mayor <br />ATTEST: <br />771, <br />MaryCreager, Cit lerk <br />