RES 1989-53 - 00004221r� r as 114 .
WHEREAS, the Relief Association By -Laws provided for the payment of a pension
benefit to an eligible retired firefighter within 30 days of the Association
Board's approval of the benefit application; and
WHEREAS, the 30 day period could require the Board to liquidate some investments
in time deposit certificates before maturity of the certificate; and
WHEREAS, the Board and all members of the Association have adopted an amendment
to the By -Laws to allow a 90 day period to pay said benefit, commencing with the
date the benefit application is received by the Board.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fridley,
Minnesota, that amendment to the Fridley Volunteer Firefighters Relief
Association By -Laws allowing payment of a lump stns pension benefit to an
eligible retiree no later than 90 days following date of benefit application,
is hereby approved.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 19TH DAY OF
JUNE, 1959
ATTEST:
-4 0 WARM 1, 4T.11 WIN KIM y 6T �.
WIIIUM �� J. NEEV MAYOR
94