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)

 

Continued from:      

 

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

Dept:      

Acct #:      

Amt:      

Fund:         (Select from: General, Water, Sewer, Stormwater, Grants, Capital)

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Impact/Cost Summary

     

 

Exhibits Attached

 

Ordinance

No Impact Letter

Amendment Summary