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HomeMy WebLinkAboutORDINANCE 33-78ORDINANCE NO.33 —78 AN ORDINANCE AMENDING SECTIONS 2.48.070 and 2.48.090 of the MUNICIPAL CODE OF THE TOWN OF ESTES PARK,COLORADO,THE SAME PERTAINING TO THE POLICEMEN’S PENSION FUND. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE TOWN OF ESTES PARK,COLORADO: Section 1.That Section 2.48.070 of the Municipal Code of the Town of Estes Park,Colorado,is amended to read as follows: 2.48.070 Fund established.The policemen’s pension fund is that fund established by Part 3 of Article 30 of Title 31,C.R.S.1973,as amended. Section 2.Section 2.48.090 of the Municipal Code of the Town of Estes Park,Colorado,is amended to read as follows: 2.48.090 Limit of Contribution by Town.The board finds and determines that the town should use the power granted to it under Article 30 of Title 31,C.R.S.1973,and elects to pay from the general fund of the town,into the policemen’s pension fund created in Section 2.48.070,such sum monthly as shall not exceed three and one-half percent (3½%)of the monthly salaries of the total town police department in 1979 and such sum monthly as shall not exceed five percent (5%)of the monthly salaries of the total town police department in 1980 and thereafter. Section 3.The Board of Trustees of the Town of Estes Park,Colorado,herewith finds,determines and designates that this Ordinance is necessary for the immediate preservation of the public peace,health and safety,for the policemen’s pension fund affects the public peace,health and safety;and whereas,in the opinion of the Board of Trustees,an emergency exists,this Ordinance shall take effect and be in force after its final passage,adoption and the approval and signature of the mayor. •0 C PASSED BY THE BOARD OF TRUSTEES AFTER PUBLIC HEARING THIS 12thDAY OF December ,1978. TOWN OF ESTE PARK,COLORADO (SEAL) ATTEST: tc L Town/Clerk —2—