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00-8937r 86 RESOLUTION NO. 8937 RESOLUTION AUTHORIZING USE OF PUBLIC EMPLOYEES RETIREMENT ASSOCIATION POLICE AND FIRE FUND REFUND INTEREST EARNINGS FOR CERTAIN POLICE AND FIRE EXPENDITURES WHEREAS, the City of Richfield received a refund of overfunded residual assets from the closed Public Employees Retirement Association (PERA) Police and Fire Fund; and WHEREAS, the City adopted a plan where only interest earnings on the principal of the residual assets are to be used for eligible expenditures; and WHEREAS, all eligible expenditures be restricted to Police and Fire expenditures; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota as follows: 1. Proposed 2000 Revised Police/2001 Proposed and Fire Expenditures using PERA funds Capital Improvement Budget 800 MHz Radio Public Safety Remodel Emergency Generator 2000 107,000 50,000 2001 68,000 175,000 If' Drug Forfeiture Fund Undercover Vehicle Undercover Body Mike 15,000 1,800 General Fund Qperatina Expenditures Civil Engineering Costs 800 MHz Radio Shot Guns Tactical Vests for SWAT SWAT Foul Weather Gear SWAT Sub Machine Guns Lockers Dispatch Mobile Radio Motor Vehicle Training Mobile Radios Portable Radios Pagers Cell Phones Records Software 15,000 700 2,400 2,100 2,300 2,000 1,800 207,660 25,000 6,300 8,200 4,000 6,000 25,000 General Fund Capital Expenditures Intranet License for Crime View Air Conditioner for Dispatch Carbine Cases, Ammo Firing Range Upgrade Undercover Car Office/Receptionist Area Renovations HP Autoload DL T Tape Drive 800 MHz Radio System Civil Construction for 800 MHz Fire Station 2 Remodeling Fire Station Alerting System Defibrillator Replacement Hostage Phone 20,000 4,400 14,300 27,000 15,000 24,120 1 0,000 50,000 50,000 20,000 20,000 8,000 8,000 13.000 546.160 462.920 Adopted by the City Council of the City of Richfield, Minnesota this 11th day of September, 2000. iJ " /J q~~ Martin J. Kir. , Mayor ATTEST: uu r, Deputy City Cler:'<