Title
ADD-3: ADDENDUM ITEM: DISCUSSION AND POSSIBLE ACTION TO APPOINT ONE (1) MEMBER TO THE POLICE AND FIRE PENSION BOARD, FOR A TWO-YEAR TERM, EXPIRING IN 2024.
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. The City Commission has three (3) appointed voting members who sit on the Police and Fire Pension Board, each for a two-year term.
2. The terms are staggered; one of the appointments expires in 2022 and the others in 2023.
3. The current appointments are Gary Arenson whose appointment expires 2022. The second and third appointments, Vicky Minnaugh and Jack McCluskey, expire in 2023.
4. Request Commission appoint one (1) regular member to the Police and Fire Pension Board for 2022 to expire 2024 by nominating one of two applicants whose applications are attached hereto as exhibits.
5. A Notice of Vacancy was posted for a 30-day period.
Financial Impact
FINANCIAL IMPACT DETAIL:
There is no financial impact associated with this item.