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RESOLUTION NO. 8356
FIDUCIARY PUBLIC ENTITY LIABILITY COVERAGE
STILLWATER FIRE RELIEF ASSOCIATION
WHEREAS, recent changes in state statutes concerning fiduciary duty for Fire
Relief Associations have been made wnich extends personally to all trustees of
the Fire Relief Association, namely the Mayor, Fire Chief and Finance
Director; and
WHEREAS, the Stillwater Fire Relief Association has recently placed their
assets with an investment manager and authorized up to fifty per cent of the
assets to be placed in the stock market.
NOW, THEREFORE, BE IT RESOLVED, that fiduciary liability protection be
purchased by the City from the Chubb Group to provide coverage for the above
names trustees; and
BE IT FURTHER RESOLVED, that the Fire Relief Association be notified that it
is thetr responsibility to pay for this insurance or the City Council will not
give approval for future financial plans of the Fire Relief Association.
Adopted by Council this 4th day of September, 1990.
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RESOLUTION NO. 8357
PROMOTION OF FIREFIGHTERS
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BE IT RESOLVED, by the City Council of the City of Stillwater, Minnesota that
the promotion of the following Firefighters from and after September 4, 1990,
is hereby approved:
Ronald L. Axdahl, Lieutenant
William L. Peltier, Lieutenant
Jon A. Bell, Engineer
Robert F. Zoller, Engineer
and that as compensation for services the said Firefighters shall receive the
sum of $8.00 per hour.
Adopted by Council this 4th day of September, 1990.
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