95-8288r
61
RESOLUTION NO. 8288
RESOLUTION APPROVING CONTINUATION OF THE PROCESS
OF CONSOLIDATION OF THE RICHFIELD FIRE RELIEF
ASSOCIATION WITH THE PUBLIC EMPLOYEES
RETIREMENT ASSOCIATION POLICE AND FIRE FUND
WHEREAS, the 1987 legislature adoptee legislation (Laws 1987, Chapter 296,
codified a Chapter 353A of Minnesota Statutes) enabling local police and firefighters
relief associations to be voluntarily consolidated with the Public Employees Retirement
Association Police and Fire Fund (PERA) with the consent of the relief association
membership and the approval of the governing body of the affected municipality; and
WHEREAS, pursuant to such legislation, a sufficient petition initiating the
consolidation process was submitted by members of the Richfield Fire Relief
Association (Association) to the Board of Trustees of such Association, and the Board
held the required public hearing on July 18, 1995 and conducted the required
membership referendum on the issue on September 11, 1995; and
WHEREAS, the membership of the Association has approved consolidation by a
vote of 34 Yes, zero No and one No Reply, and therefore, the Board of Trustees of the
Association has recommended that the Association be consolidated with the PERA;
and
WHEREAS, the next step required in the consolidation process is the adoption
by the City Council of a resolution granting preliminary approval to consolidation, for
the purpose of continuing the process via the preparation of actuarial, investment and
membership data studies;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Richfield hereby gives its preliminary approval for the purpose of continuation of the
process of considering the proposed consolidation of the Richfield Fire Relief
Association with the Public Employees Retirement Association Police and Fire Fund.
Passed by the City Council of the City of Richfield, Minnesota this 9th day of October,
1995. \
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Martin J. KirscH
A TIEST:
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Thomas P. Ferber '-City Clerk