HomeMy WebLinkAbout 13-28 Providing for Appropriate Uses of Old Hire Police Officers's Pension FundWHEREAS, pursuant to C.R.S. §31-30.5-209 a notice was published in a
newspaper having general circulation within the Town of Firestone on March 12, 2013
stating the intent of the Board of Trustees of the Town of Firestone to use old hire police
officers' pension funds according to those uses permitted by Colorado law and requesting
objections from any persons who believed they are or may be entitled to benefit payments
from said fund as to the proposed uses of the fund; and
WHEREAS, on June 10, 2013 the Board of Trustees of the Town of Firestone
published a public notice of its intent to conduct a public hearing in a newspaper having
general circulation within the Town with the public hearing to occur at Town Hall; and
WHEREAS, no objections by any person believing that person is or may be entitled
to benefit payments from the old hire police pension funds has been received by the Board
of Trustees.
1. The Town of Firestone gave public notice, at least sixty (60) days prior to the
consideration and adoption of this resolution, of the Town's intent to use the TOwn's Old
Hire Police Officers' Pension Fund ("Fund") according to the uses allowed under C.R.S.
section 31-30.5-209.
2. In the public notice, the Town requested that any beneficiaries file an objection
to said uses.
3. The Town published public notice of a public hearing on the proposed uses of
said Fund.
4. The Board of Trustees conducted a public hearing on June 12, 2013 on the
proposed uses of said Fund.
5. The Town received no objections from any person who believes that he or she
is entitled to or may be entitled to benefit payments from said Fund.
6. The Board of Trustees now finds that no person or persons is, and no person
can become eligible for payment of a benefit from Town of Firestone police officers' old
hire police officers' pension fund established pursuant to C.R.S. section 31-30.5-201(2).
7. The Board of Trustees hereby authorizes use of the Fund for the following
purpose:
a. To make contributions to the defined benefit system trust ftmd pursuant to
C.R.S. section 31-31-402(2);
8. If, within one year after the adoption of this resolution any person establishes a
claim to a benefit from the fund the Town of Firestone shall repay to the fund any money
expended from the fund and no such additional expenditures shall be made from the fund.
9. Effective ®ate. This resolution shall be effective upon adoption by the Board of
Trustees.
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TOWN OF FIRESTONE, COLORADO
Auer
Rebecca Toberrnan
Town Cierk