02/12/2013 Resolutions 2013-45 RESOLUTION 2013-45
WHEREAS, Article 10 of Chapter 16 of the Nebraska Revised Statutes sets forth
the laws governing the pensions of police officers of First Class Cities; and
WHEREAS, the Police Pension Committee met on Friday, February 8, 2013 to
review annuity quotes submitted by the Police Pension Committee, the City and Mr. Janulewicz
on behalf of pre-84 retiree Pete Kortum; and
WHEREAS, said recommendation is for the Grand Island City Council to accept
the amount of Six Hundred, Ninety-Two Thousand, Eight Hundred, Eight Dollars and Thirty-
Nine Cents ($692,808.39) as the average of three(3) quotes obtained for annuities for Captain
Kortum; and
WHEREAS, the financial obligation of the City of Grand Island in meeting the
above stated recommendation is One Hundred, Seventy-Two Thousand, Two Hundred, Sixty-
Three Dollars and Four Cents ($172,263.04),
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA,
That the City Council accepts and adopts the recommendation of the Police Pension Committee
and directs the City disburse the amount stated above as its financial obligation to meet that
recommendation.
Adopted by the City Council of the City of Grand Island, Nebraska, Febru.ry 12, 2013.
A AL
Ja,- Va,ricek, Mayor
Attest:
RaNae Edwards, City Clerk
t
Approved as to Form 0 ii -"
February 11,2013 a City 1.mey