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HomeMy WebLinkAboutRes 1994-05RESOLUTION NO.1994-05 A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE TOWN FOUNTAIN HILLS,ARIZONA,AUTHORIZING THE PRELIMINARY STEPS TO BE TAKEN TO BECOMEA PARTICIPATING EMPLOYER IN THE PUBLIC SAFETY PERSONNEL RETIREMENT SYSTEM ON BEHALFOFTHE FULL-TIME, PAID MUNICIPAL POLICE OFFICERS OF THE TOWN OF FOUNTAIN HILLS. WHEREAS,the Public Safety Personnel Retirement System has been created by the State of Arizona in order to provide a uniform,consistent and equitable state-wide program for public safety personnel who are regularly assigned to hazardous duty;and WHEREAS,pursuant to the terms of said Public Safety Personnel Retirement System, it is optional for a political subdivision to include within said system its full-time,paid municipal police officers;and WHEREAS,it is deemed in the best interestof the Town of Fountain Hillsto include all full-time,paid municipal police officers who are regularly assigned hazardous duty under the Public Safety Personnel Retirement System Act as set forth in Title 38,Chapter 5,Article 4, Arizona Revised Statutes; NOW,THEREFORE,BE IT RESOLVED as follows: Section I.It is hereby authorized and requested that a preliminary actuarial survey be made to determine the estimated cost of participation,the benefits tobe derived,and such other information as may be deemed appropriate,the cost of said survey to be paid by the Town of Fountain Hills. Section II. The Town Clerkis hereby authorized to provide andturnover such records as are necessary to make the actuarial survey. Section III.The Mayor and Town Clerk are authorized to take whatever steps that are necessary to carry out the intent of this Resolution. Section IV. The Town Clerk shall file a certified copy of this resolution with the Fund Manager of the Public Safety Personnel Retirement System. PASSED AND ADOPTED this 17thday of March,1994. ATTEST: _.,_____„_______.ijUlA^^jJ.jd^yv^L^^ JofirrM.Cutillo,Mayor Cassie B.Hansen,Town Clerk APPROVED AS TO FORM:REVIEWED BY: William E. Farrell,Attorney Paul L. Nordin,Manager .