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RESOLUTION 1986-27 <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 1986 reflects the ability to increase <br />retirement benefits without the need for an additional tax levy, and; <br />WHEREAS, said increase does not increase the retirement benefits <br />of those individuals who have retired from the City of Hugo Fire Depart- <br />ment prior to January 1, 1987; <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 <br />the Hugo Fire Department be increased from $300.00 per year of service to <br />$400.00 per year of service effective January 1, 1987. <br />ADOPTED AND PASSED THIS 24th. DAY OF November , 1986 <br />J. Michael McAllister, Mayor <br />ATTEST: <br />V - (- <br />Mary A Creager, City rk <br />