1989.10.16 CC Minutes - Laserfiche WebLink

Home

/3 y City Council meeting of October 16, 19139 Page 4 HUGO FIFE DEPARTMENT PENSION INCREASE REQUEST The Fireman's Relief Association has formally requested Council approval to increase their monthly benefits from $500.00 per year of service to $600.00 per year of service. This request has been reviewed by the City Finance Director with regard to the actuarial position of the Relief Association. Consistent with the finance director's evaluation, the City staff is recommending adoption of a resolution that will increase the Relief Association's benefit from $500.00 per year of service to $55O.00 per year of service, effective January 1, 1990. It is further recommended that the pension increase be adjusted from $550.00 per year of service to $600.00 per year of service effective January 1, 1991 contingent upon the submission of properly completed financial schedules. It should be noted that the City Council increased the retirement benefits for firefighters from $400.00 per year of service to $500.00 per year of service effective January 1, 1988. McAllister made motion, Vail seconded, to adopt RESOLUTION 1989-21, RESOLUTION AUTHORIZING AN INCREASE IN RETIREMENT BENEFITS FOR THE CITY OF HUGO FIREMEN'S RELIEF ASSOCIATION. VOTING AYE: McAllister, Jesinski, Olson, Vail, Atkinson Motion Carried. APPOINTMENT OF AUDITORS Annually, the City Council authorizes the City Administrator to enter into an engagement letter with its approved auditors for conducting of the annual audit of the City. The City finance director, Ron Otkin, has recommend the appointment of Pannell Kerr Forster to continue as the City's auditor subject to the new rates negotiated by City staff. The City staff will be working with Pannell Kerr Forster to determine what is needed for PF;F to implement general fixed assets testing. McAllister made motion, Jesinski seconded, authorizing the City Administrator to sign the engagement letter with Pannell Kerr Forster for 1989 City audit on behalf of the City. All aye. Motion Carried. LETTER OF CREDIT REDUCTION REQUEST On behalf of Cable TV North Central, Ms. Kathy Cohen has requested reduction of the required letter of credit from $25,000 to $5,000 as per our Franchise Agreement. The City staff is recommending approval of this reduction in the letter of credit subject to completion of the electrical work: for our Christmas tree lighting, and installations in City Hall and other quasi -public facilities, as per Cable TV North Central's commitment. Vail made motion, Jesinski seconded, authorizing the reduction in Cable TV North Central's required letter of credit from $25,000 to $5,000 upon completion of the electrical work for Christmas tree lighting, and installations in City Hall and other gUasi-public facilities. All ave. Motion Carried.