Fort Walton Beach Council agenda — 11-10-2009 - regular — reading text

firefighter may succeed himself or herself in office. 1547 63-  Ch. 175 f b) The membership of boards of trustees for local 3 board of trustees shall meet at le law plans shall be as follows: to each year. 1. If a municipality or special fire control district 4) Each board of trustees shall be a le si e' t has a pension plan for firefighters only, the provisions with, in addition to other ppowers and res ponsi6ililh e of paragraph ( a) shall apply. 2. if a municipality has a pension plan for contained herein, the power to bring and defend 1. suits of every kind, nature, and description. firefighters and police officers, the provisions of para- 5) graph ( a) shall apply, except that one member of the in any judicial proceeding or administrative prt board shall be a firefighter as defined in s. 175. 032 and ceeding under chapter to the provisions of this120 broughttheunder or pursua, chapter, j one member of the board shall be a police officer as prevailing. pan defined in s. 185.02, respectively elected by a majority shall be entitled to with reasonable recovers fees. attorney' the costs thereof, togetht of the active firefighters or police officers who are mem- 6) bers of the plan. The provisions of this section may not b 3. Any board of trustees operating a local law plan altered by a participating municipality or special fit on July 1, 1999, which is combined with a plan for gen- control district operating a chapter plan or local law pla under this chapter. eral employees shall hold an election of the firefighters, 7) 3 or firefighters and police officers, if included, to deter- The board of trustees may, upon written reque mine whether a plan is to be established for firefighters by the retiree of the plan, or by ,a dependent, whe only, or for firefighters and police officers where authorized by the retiree or the retiree's beneficiar• included. Based on the election results, a new board authorize the plan administrator to withhold from th shall be established as provided in subparagraph 1. or monthly retirement payment those funds that are nee subparagraph 2., as appropriate. The municipality or essary to pay for the benefits being received throng fire control district shall enact an ordinance or resolu- the governmental entity from which the employe tion to implement the new board by October 1, 1999. retired, to pay the certified bargaining agent of the go, The newly estabiished board shall take whatever action ernmental entity, and to make any payments for chi support or alimony. is necessary to determine the amount of assets which History. --s. 1, ch. 63.249; s. 2, ch. 81 -168; s. 3, ch. 86-41; s. is. dL 93.1, is attributable to firefighters, or firefighters and police s. 919, ch. 95 -147; s. 5, ch. 99 -1; s. 3, ch. 2002 -66; s. 7, ch. 2004 -21. officers where included. Such assets shall include all employer, employee, and state contributions made by 1 s.071 Genera( powers and duties of board or on behalf of firefighters, or firefighters and police offi- tru ees.— For any municipality, special fire control d cers where included, and any investment income trict chapter plan, local law municipality, local law q derived from such contributions. All such moneys shall cial fire control district, or local law plan under tl be transferred into the newly established retirement cha ter. r plan, as directed by the board. 1 The board of trustees may: a) invest and reinvest the assets of the firefighte With respect to any board of trustees operating a local pensi n trust fund in annuity and life insurance c1 law plan on June 30, 1986, nothing in this paragraph tracts f life insurance companies in amounts sufficis shall permit the reduction of the membership percent - to pro ' de, in whole, Qr in part, the benefits to which age of firefighters, or of firefighters and police officers of the rticipants in the firefighters' pension trust ft where a joint or mixed fund exists. shall b entitled under the provisions of this chat t c) Whenever the active firefighter membership of and pa the initial and subsequent premiums there a closed chapter plan or closed local law plan as pro- I vest and reinvest the assets of the firelight. b) vided in s. 175.371 falls below 10, an active firefighter pension st fund in: member seat may be held by either a retired member 1. Ti a or savings accounts of a national ban or an active firefighter member of the plan who is elected by the active and retired members of the plan. state ban insured by the Bank Insurance Fund, i If there are no active or retired firefighters remaining in savings, Ming, and loan association insured by Savings A ociation Insurance Fund which is adm i. the plan or capable of serving, the remaining board members may elect an individual to serve in the active tered by th Federal Deposit Insurance Corporatio firefighter seat. Upon receipt of such person's name, a state or f eral chartered credit union whose sl the legislative body of the municipality or special fire accounts a insured by the National Credit U Share lnsu nee Fund. control district shall, as a ministerial duty, appoint such Z` person to the board of trustees. This paragraph applies 2. Oblig tions of the United States or obliigaf only to those plans that are closed to new members guaranteed a to principal and interest by the goy under s. 175.371( 2), and does not apply to any other ment of the U ited States. municipality or fire control district having a chapter or 3. ued by the State of Israel. Bonds C. , local law plan. 4. tocks, or other evidences of indel Bonds, r 2) The trustees shall by a majority vote elect from ness issued or uaranteed by a corporation orgai their number a chair and a secretary: The secretary of under the laws f the United States, any state or the board shall keep a complete minute book of the nized territory o the United States, or the Distr actions, proceedings, or hearings of the board. The Columbia, provid d: if trustees shall not receive any compensation as such, but may receive expenses and per diem as provided by a. The corpo ation is listed on any one or me the recognized n tional stock exchanges or o Florida law. National Market S stem of the NASDAQ Stock N 1548 64-  CITY COUNCIL MEETING November 10, 2009 Discussion - Direction - Action Action: Request from the NWF Fairgrounds, to reconsider rent amount. Synopsis: C.H. "Bull" Rigdon and other Fair Board Members will be in attendance Agenda Item Number: 901  CITY OF FORT WALTON BEACH, FLORIDA MEMORANDUM Office of the City Manager DATE: November 4, 2009 TO: Honorable Mayor and Council Members FROM: Robert T. Mearns, City Manager y/ SUBJECT: Fairgrounds Request For Rent eduction 1. Backgo 1. 1. C.H. `Bull" Rigdon has requested that the City Council reconsider the amount paid to the city in rent. Currently, the Fairgrounds pays the city a base rent of five percent 5 %) of gross revenues per quarter, but not less than $6,250 per quarter, and the gross revenue does not include the annual Fair. 1. 2 City staff has provided a report ( attached) that reflects the information given to the city to verify the Fair' s gross revenues for rent assessment. To reach the minimum payment of $6, 250 the Fair would have to generate at least $ 125, 000 per quarter in gross revenue or $ 500, 000 per year. However, as the Fairgrounds has never reached or exceeded that amount, they have consistently paid the City $ 6,250 each quarter. For 2007, the Fair grossed $ 77,281. 75. In 2008 the Fair grossed $ 108, 246.45. For 2009 thus far the Fair has grossed $ 60,322. 51. 1. 3