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HomeMy WebLinkAboutResolution 3478-04-2007A Resolution NO 3478-04-2007 APPOINTING A VESTED MEMBER OF THE EMPLOYEES' RETIREMENT FUND TO THE BOARD OF DIRECTORS OF THE EMPLOYEES' RETIREMENT FUND OF THE CITY OF FORT WORTH WHEREAS, the City Council of the City of Fort Worth has established the Employees Retirement Fund of the City of Fort Worth, and WHEREAS, the City s Retirement Ordinance provides that the City Council shall appoint a Board Member who is the finance director or a vested member of the fund to serve in Place 11 WHEREAS, the term for the current director of Place 11 expired on September 30 2006 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS that Bridgette Garrett is hereby appointed to Place 11 on the Board of Directors of the Employees Retirement Fund of the City of Fort Worth to serve a term beginning April 18 2007 and ending September 30 2008 Adopted this 17th day of April , 2007 APPROVED AS 'I'O FORM AND LEGALITY APPROVED C~ d CITY COUNCIL gc~~i~5 ~~i,H' APR 1 7 2007 City Attorney G~ e,~ay a ~~ eh.~ - dig ~ ~®~'a'~~Ae, s - -- -- City Secreta City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION Approved on 4/17/2007 Resolution No 3478-04-2007 DATE Tuesday April 17 2007 LOG NAME 12RETBDAPPT SUB.lECT Adopt Resolution Appointing a Director to Place Retirement Fund REFERENCE NO G 15686 11 on the Board of Directors of the Employees RECOMMENDATION It is recommended that the City Council adopt the attached resolution appointing a Director to Place 11 on the Board of Directors of the Employees Retirement Fund of the City of Fort Worth to serve a term beginning April 18 2007 and ending September 30 2008 DISCUSSION Section 2 214(a)(3) provides that: 'The director for Place 11 shall be the finance director of the City of Fort Worth or a vested member of the fund and shall be appointed by the city council to serve a term of two (2) years (unless removed sooner by a majority of the city council) commencing on October 1 of every even numbered year The term for the director of Place 11 expired on September 20 2006 The new Director for Place 11 will serve the remainder of the current term beginning on April 18 2007 and ending on September 30 2008 The attached resolution appoints an individual to serve as the Director for Place 11 of the Employees Retirement Fund FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that this resolution will have no material impact on City funds. TO FundlAccount/Centers FROM Fund/Account/Centers Submitted for Cit~Manager's Office b~ Karen L. Montgomery (6222) Originating Department Head. David Yett (7623) Additional Information Contact: Laetitia Brown (6639) Logname 12RETBDAPPT Page 1 of 1