HomeMy WebLinkAboutResolution No. 2003-17 RESOLUTION NO. 2003-17
RESOLUTION AUTHORIZING FINAL PAYMENT ON COLUMBIA HEIGHTS
CONSOLIDATED POLICE PERA PENSION ACCOUNT
WHEREAS, the City of Columbia Heights has accumulated reserves in excess of the City's
accrued actuarial liability for the Police Relief Association Consolidated PERA account; and
WHEREAS, the City of Columbia Heights is being charged 8% per year interest on the
outstanding liability; and
WHEREAS, paying offthe outstanding liability will free excess reserves to be utilized in other
areas~
NOW, THEREFORE, BE IT RESOLVED that the City Council is hereby authorizing payment
in full to PERA for the City's pension liability for the Columbia Heights Police Consolidated
PERA fund.
Passed this 14th day of April 2003
Offered by:
Seconded by:
Roll Call:
Ericson
Kelzenberg
Ayes: Wyckoff, Williams, Nawrocki, Ericson, Kelzenberg
~atricia Muscovitz, CMC, Deput~City Clerk
~4ayor Julienne Wyck0ff -U~]