ORDINANCE NO. 2013- P & F PENSION PLAN AMENDMENT
CITY OF DANIA BEACH
Agenda Request Item
Type of Request: Adopt Ordinance 1st Reading
(Adopt Resolution, Adopt Ordinance (1st Reading) Adopt Ordinance (2nd Reading)
Award Bid /RFP, Presentation, Public Hearing)
Requested Action (Identify appropriate Action or Motion) |
Motion to adopt Ordinance amending the Police & Fire Pension Plan to allow investment in BBB rated bonds. |
Description of Action |
Increases the Plan’s investment options to include an expanded credit market by allowing the purchase of investment grade bonds with a BBB/Baa rating. |
Purchasing Requests ONLY |
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Fund: (Select from: General, Water, Sewer, Stormwater, Grants, Capital) |
Fiscal Impact/Cost Summary |
Exhibits Attached |
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Ordinance No Impact Letter Amendment Summary |