HomeMy WebLinkAbout1993-083
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RESOLUTION NO. 93-83
2 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
TRANSFER OF FUNDS CURRENTLY HELD IN THE POLICE OFFICERS'
3 ASSOCIATION TRUST ACCOUNT TO THE SAN BERNARDINO POLICE OFFICERS'
ASSOCIATION FOR THE ESTABLISHMENT OF THE SBPOA RETIREMENT TRUST.
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WHEREAS, by Resolution No. 90-207, the Mayor and Common
Council resolved to set aside certain funds from the street
lighting assessment district for law enforcement purposes; and,
WHEREAS, a commitment was made in the first year of the
assessment district program to use a portion of the monies so
collected to enhance police benefits; and,
WHEREAS, after meeting and conferring with the San
Bernardino Police Officers' Association ("SBPOA"), it was agreed
that the SBPOA Retirement Trust ("Trust") would be established by
the SBPOA to provide medical benefits to retired police safety
employees; and,
WHEREAS, the City has set aside in an account known as the
SBPOA Trust Account the sum of $438,126.08 to fund said Trust;
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The Director of Finance is hereby authorized and
directed to pay to the San Bernardino Police Officers' Association
the sum of $438,126.08, plus accrued interest, which has been set
aside in the SBPOA Trust Account, for the purpose of establishing
the SBPOA Retirement Trust.
SECTION 2. The payment authorized herein shall constitute
a one-time payment, and shall satisfy fully any and all
obligations of City funds with regard to the SBPOA Retirement
Trust.
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RES 93-83
1 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE TRANSFER
OF FUNDS CURRENTLY HELD IN THE POLICE OFFICERS' ASSOCIATION TRUST
2 ACCOUNT TO THE SAN BERNARDINO POLICE OFFICERS' ASSOCIATION FOR THE
ESTABLISHMENT OF THE SBPOA RETIREMENT TRUST.
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I HEREBY CERTIFY that the foregoing resolution was duly
5 adopted by the Mayor and Common Council of the City of
6 San Bernardino at a reg"] ar meeting thereof, held on the
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22nd day of
March
, 1993, by the following vote, to wit:
Council Members:
AYES
NAYS
ABSTAIN
ABSENT
ESTRADA
---X-
REILLY
x
HERNANDEZ
x
MAUDSLEY
x
MINOR
x
POPE-LUDLAM
x
MILLER
x
.,~~~
C'~ Clerk
18 The fqregoing resolution is hereby approved
of ~,,\ "'''''.s:.\,- , 1993.
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22 Approved as to
form and legal content:
23 JAMES F. PENMAN,
24 City Attorney
25 By: L 1- V"
I C'1A-'V'-'-..
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