DISCLAIMER

07-0136R


RESOLUTION TRANSFERRING $2,000,000 FROM COMMUNITY INVESTMENT TRUST FUND TO OTHER POST EMPLOYMENT BENEFITS FUND.

BY COUNCILOR STAUBER:

     RESOLVED, that the proper city officials shall transfer the amount of $2,000,000 from the Community Investment Trust Fund 256, created by Section 54(E) of the Charter, to the Other Post Employment Benefits Fund 280, transfer to take place within 30 days of passage of this resolution.


STATEMENT OF PURPOSE:  This resolution transfers funds into the other post employment benefits fund. This transfer will help fund the retiree health care benefit and is consistent with the post employment health care benefits task force recommendations. This resolution requires seven affirmative votes for passage.