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HomeMy WebLinkAbout1998-10-26 98-425 RESOLVECOUNCIL ACTION -- ItemN90 a-425 Date; 10-26-98 IteauSubjeet: RESOLVE: Appropriating the Balance of the Bangor Fhemen's Relief Fund and Closing Out the I'and Responsible DepmlmenC Finance Commentary: When this Trust Fund was establish, the City wes not able m insure its employees against accidents and injuries. With the advent ofWorkers' Compensmion, the need for this fwd has ceased. The City provides 1001/6 of wages and covers medical and related costs for firefighters who are injured in the waree of their duties. The vansfer of the Trust's balance to the Workers'CornpmsaLion Division complies with the intent of the Trust. The balance ofprincipal and interest acwwtsf the fund approximate S18,7W � I / t •t a i -1 j rll t t i t, j Department Head MnnageeLs.Comments: F7�f.UcdtMMMAr+z.9,cowQ ob.'f� tlmt/� ,lxA.cian.. U t �n�/ G✓i� nQr CityManages Associated Informarion: Budget Approval: FinwceDirector Legal Approval: 2 Aq Solicitor Introdneed for _Passage i Fust Reading Page—of_ i Referral Finance Committee, Nov. 2,1998 at 5:00 pm 98-425 AS ABERDED _ CITY OF BANGOR (TITLE.) �IWIVC . .......... wawiatbg.me�.e.tamw atba mmwu�...._... By 4M Cita Council of W Cary ofBasyar: RESOLVED. WHEREAS, the Bangor Firemen's Relief Fund was esmblished in March of 1885; and WHEREAS, the Fund's purpose was to provide aidto firemen who were injured or disabled in the performance of their duties; and WHEREAS, do City now provides Workers'Compensation benefits to all firefighters thereby rendering the Fond unnecessary; NOW, THEREFORE, BE ff RESOLVED BY THE C= OF BANGOR, THAT: the interest account balance of the Bangor Firemen's Relief Fund be appropriated to the Workers' Compensation Division; and BE rp FURTHER RESOLVED, THAT: the City Solicitor is authorized a bring action in Probate Court to seek approval of similar aeries in regard m the principal aceouat of this Fund. nssigneci to tailor Crowley 0.tnber 26, 1996 CITY OF BANGOR Approprlefiug the Bdanee of the Bangor Firemen's Relief Fund and mTLEJPOVIVee..... ._... _.... _.... _...... _.._.._.._..... _........ .... ...... .............. _...._........_...._. Closing Out the F and By Lis City CWMYI of the City of BMW., RESOLV&D. WHEREAS, the Bangor Firemen's Relief Food was established in Mach of t885;and WHEREAS, the Fmd's purpose ores to provide and to firemen who were injured or disabled in the performance of thein duties; and WHEREAS, the City now provides Workers' Compensation benefits to all f rcfighters thereby rendering the Food unnecessary; NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF BANGOR, THAT: the balance of both the principal and interest armunts of the Bangor Firemen's Relief Fund be appropriated to the Workers' Compensation Division; and BEIT Fl1RTURRRESOLVED,THAT: the Bangor Fireman's Relief Fund is hereby closed. IN CITY COUNCIL October 26, 1998 First Reading Referred to Finance Coamlttee ITV E la'IA IN CITY COUNCIL November 9, 1998 Nation to Amend by Substitution .Made and Seconded Notion to Pass As Am¢nded by Substitution Made and seconded PassedAsAmended by Substitution CITY CI.ERR 98-425 R E S O L V E Appropriating the Balance of the Ban - or P1 a R[e�lief bund and Closing the Fund 4Ypr (/crJ,(ry