HomeMy WebLinkAbout1988-678-12.19.1988 RESOLUTION NO. 1988-678
RESOLUTION CONCERNING POLICY FOR CITY OF WATERLOO
EMPLOYEES WHO RETIRE UNDER "RULE 92" AS AUTHORIZED BY
THE IOWA LEGISLATURE UNDER HF 2405 .
WHEREAS, the Iowa Legislature has approved HF 2405 and Iowa
Governor Terry Branstad has signed into law said legislation, and
WHEREAS, said legislation allows employees hired under the
Iowa Public Employees Retirement System to retire with full IPERS
pension if the employee has completed a minimum of 30 years of
IPERS employment and is at least 55 years old, and if their years
of IPERS employment and age equal 92 , and
WHEREAS, the current city policy concerning insurance
benefits for retirees states that a retiree must be age 62 for the
City to provide no cost insurance for the employee and dependents ,
and
WHEREAS, a question has been raised as to whether employees
retiring under said legislative rules below the age of 62 would be
responsible for the payment of health, dental and prescription
insurance for the retiree and their dependents, and
WHEREAS, the Waterloo City Council has carefully reviewed
said legislation and the cost of health, dental and prescription
insurance for its retirees and employees .
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the City will adhere to the following
policy for those employees retiring under said Iowa legislation:
1. The City of Waterloo will pay the costs of a single
policy for the retiring employee from the time of his or
her early retirement under the IPERS Rule of 92 until
said employee reaches the age of 65 as long as the
entire years of IPERS employment were as a City of
Waterloo employee.
2 . The employee will be allowed to purchase insurance for
his or her dependents at said employee ' s cost at the
rate established by the City and subject to change from
time to time for a period of 36 months as established
under the COBRA regulations or as they may be amended
from time to time.
PASSED AND ADOPTED this lath day of December, 1988.
Be nard L. McKinley, Mayor
ATTEST:
Larry rer7 Clerk/Auditor
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EXHIBIT PARCEL 11
CLEVELAND STREET RIGHT-OF-WAY PERMANENT
UNIVERSITY AVENUE TO ROCK ISLAND AVENUE RIGHT-OF-WAY
PROJECT N0. IX-6627(1)--79-07 EEAApSEMEENNTORARY
OWNER: LAWRENCE R. MEISNER
MAIL TO: RURAL ROUTE 3, NEWTON, IOWA
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374 375/
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j/380 s.s:.�• Q NEw R-o-W
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�,`O '.• / / ' -I SCALE: 1"a 100'
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DESCRIPTION:
ALL THAT PART OF LOT NO. THREE HUNDRED SEVENTY-SEVEN (377) IN GALLOWAY IN THE CITY OF WA I uiL0c
IOWA DESCRIBED AS FOLLOWS:
BEGINNING AT THE NORTHEAST CORNER OF SAID LOT NO. 377; THENCE SOUTH ALONG THE EAST LINE OF SAI
LOT NO. 377, A DISTANCE OF 134 FEET, TO THE SOUTHEAST CORNER THEREOF; THENCE NORTH 69 DEGREES
WEST ALONG THE SOUTH LINE OF SAID LOT NO. 377, A DISTANCE OF 35.35 FEET; THENCE NORTH 4 DEGREE;
EAST 130.86 FEET TO THE NORTH LINE OF SAID LOT NO. 377; THENCE SOUTHEASTERLY ALONG SAID NORTH
UNE, A DISTANCE OF 25.7 FEET TO THE POINT OF BEGINNING.
CONTAINING APPROXIMATELY 3,819 S.F.
TEMORARYI::EASEMENT:
ALL THAT PART OF LOT NO. THREE HUNDRED SEVENTY-SEVEN (377) AND THREE HUNDRED SEVENTY-'SIX (37(
IN GALLOWAY IN THE CITY OF WATERLOO, IOWA, BEING A STRIP OF LAND 10 FEET IN WIDTH AND DESCRIBED
AS FOLLOWS:
BEGINNING AT A POINT ON THE NORTH LINE OF SAID LOT NO. 377 BEING 25.7 FEET NORTHWESTERLY OF THE
NORTHEAST CORNER THEREOF; THENCE SOUTH 4 DEGREES WEST 130.86 FEET TO THE SOUTH UNE OF SAID Lc
NO. 377; THENCE NORTH 69 DEGREES WEST ALONG THE SAID SOUTH UNE, A DISTANCE OF 10.7 FEET; THENC
NORTH 4 DEGREES EAST 130.86 FEET TO THE NORTH UNE OF SAID LOT NO. 376; THENCE SOUTHEASTERLY
ALONG SAID NORTH LINE, A DISTANCE OF 10.7 FEE.' TO THE POINT OF BEGINNING.
CONTAINING APPROXIMATELY 1,309 S.F.
PREPARED BY:
MARTELL & ASSOCIATES MAY 15, 1987
1314 N. 38TH STREET
KANSAS CITY, KANSAS 66102
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