BY COUNCILOR STEWART:
BE IT RESOLVED, that the city of Duluth, acting through its governing body, approves and accepts the act of the state government, a special law affecting Duluth, Laws of Minnesota 2007, Chapter 14, on file in the office of the city clerk as Public Document No. ____________, as required by MSA Section 645.021, subd. 2.
BE IT FURTHER RESOLVED, that the clerk shall promptly file with the secretary of state the certification required by MSA Section 645.021, subd. 3.
STATEMENT OF PURPOSE: This resolution gives the required approval to the state law that authorizes an irrevocable trust for funding retiree health insurance and investment through the state board of investment of both the health insurance trust and the community investment trust.