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EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ROSEVILLE * * * * * * * **** Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, Minnesota was duly held on the 27th day of April, 1998 at 6:30 p.m. The following members were present: Wi ski, Goedeke, Maschka, Mastel, and Wall, and the following were absent: None. Member Wall introduced the following resolution and moved its adoption: RESOLUTION 9547 Setting Date To Withdraw Retroactivity of Pension Increases Due To Fire Pension Board Inaction In Meeting Fiscal Improvement Measures WHEREAS: The Roseville Fire Relief Association Board requested an increase in the Fire Pensions on November 24, 1997 which consisted of a service pension amount of $23 payable per month for each year of service or a lump sum service pension amount of $2,300 payable for each year of service retroactive to January 1, 1998 and; WHEREAS: The City Council agreed to the request upon the fulfillment of the following fiscal improvement measures: 1. Implementation of an up-to-date Investment Policy. 2. Consolidate all of the Board's investments into the State Board of Investment. WHEREAS: The Fire Relief Association has not implemented these improvements in a timely manner as intended; NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, Minnesota, that the provision stating the pension increase be made retroactive to January 1, 1998 and expire on May 31, 1998 absent the fulfillment of the fiscal improvement measures enumerated above. The motion for the adoption of the foregoing resolution was duly seconded by Council Member Wiski and upon a vote being taken thereon, the following voted in favor thereof: Wiski, Goedeke, Maschka, Mastel, and Wall, and the following voted against the same: None. WHEREUPON, said resolution was declared duly passed and adopted.