HomeMy WebLinkAboutResolution 3357-05-2006A Resolution
NO 3357-05-2006
APPOINTMENT TO THE BOARD OF DIRECTORS OF THE EMPLOYEES'
RETIREMENT FUND OF THE CITY OF FORT WORTH
WHEREAS the City Council of the Caty of Fort Worth has established the Employees
Retirement Fund of the City of Fort Worth by Ordinance and
WHEREAS the City Council has amended the Employees Retirement Fund Ordinance to
increase the number of Board of Directors to ] 3 Directors and
WHEREAS the City s Employees Retirement Ordinance provides that the City Council.
shall appoint a Board Member who ~s a member of the Crty Council or a resident of the City of
Fort Worth with experience in pennon investments or human. resources matters to serve in
Place 12 for a term beg~nnmg May 30 2006 and ending September 30 2007
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS
1 That Council Member Jungus Jordan is hereby appointed to Place 12 on the
Board of Directors of the Employees Retirement Fund of the City of Fort
Worth to serve a term beg~nntng May 30 2006 and ending September 30 2007
Pursuant to the Ordinance creating this position this term will not count toward
the calculations of six (6) consecutwe years for an appointee to Place 12
2 That John Stevenson is hereby appointed to Place 13 on the Board of Directors
of the Employees Retirement Fund of the City of Fort Worth to serve a term
beginning May 30 2006 and ending September 30 2007 Pursuant to the
Ordnance creating this position this term will not count toward the
calculations of six (6) consecutive years for an appointee to Place 13
Adopted t,~~" day of May 2006
CITY COUNCIL ~ ~--~~
MAY 3 0 2006
Cit Secretar of the
APPROVED~i~`~f ~'~D}IZ~~1ND LEGALITY
David Yett City Att ey
ond'rfef Mayo
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Marty Hendri City,Secret ,y
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION Approved on 5/30/2006 Resolution No 3357-05-2006 & Ordinance No
16969-05-2006
DATE Tuesday May 30 2006
LOG NAME 12BOARD13
SUBJECT
Adopt Ordinance to Amend Chapter 2 Article VI Division
2-214 of the City of Fort Worth Code to Increase the
Employees Retirement Fund of the City of Fort Worth
Appointing Directors to Place 12 and Place 13 on the
Retirement Fund
RECOMMENDATION
It is recommended that the City Council
REFERENCE NO G 15220
I Employees Retirement Fund" Section
Number of Board of Directors of the
to 13 Directors and Adopt Resolution
Board of Directors of the Employees
1 Adopt the attached Ordinance amending Chapter 2, Article VI Division 1 'Employees Retirement Find"
to increase the number of directors on the Board of Directors of the Employees' Retirement Fund of the City
of Fort Worth to 13 directors by adding two additional directors to be appointed by City Council and
2. Adopt the attached Resolution appointing a Director to Place 12 and Place 13 on the Board of Directors
of the Employees Retirement Fund
DISCUSSION
The proposed Ordinance amendment addresses City Council's commitment to placing additional financial
management and investment expertise on the Board of the Employee Retirement Fund through the
establishment of two additional Director positions to the Board Place 12 and Place 13 The ordinance
requires that these places be filled by a member of the City Council or a resident of the City of Fort Worth
with experience in pension, investments or Human Resource matters In addition the ordinance provides
that Place 12 and 13 will be appointed by the City Council by a majority vote The term will begin on May
30 2006 and end on September 30 2007 Thereafter the individuals appointed to Place 12 and Place 13
will serve a two year term unless removed sooner by a majority vote of the City Council
The attached Resolution appoints individuals to Place 12 and Place 13
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that ordinance will have no material effect on City funds
TO Fund/Account/Centers
Submitted for City Manager's Office by.
Originating Department Head.
Additional Information Contact:
FROM Fund/AccountlCenters
Richard Zavala (Acting) (6222)
David Yett (7623)
Laetitia Brown (6639)
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