RES NO 05-04-2003 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 5 -2003
A RESOLUTION AUTHORIZING THE MAYOR TO PARTICIPATE IN APERS
AND AUTHORIZING THE CITY CLERK TO BUY BACK THE MAYOR'S
SERVICE TIME WITH THE CITY.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN,
ARKANSAS:
SECTION l: THAT the current Mayor of the City of Van Buren, and all
subsequent Mayors, are authorized to participate in the Arkansas
Public Employees Retirement System.
SECTION 2: THAT the City Clerk is hereby authorized to pay 555,730.62 out
of the general fund over a period of four (4) years to buy back the
current Mayor's service time with the City.
SECTION 3: THAT the City Clerk is hereby authorized to enroll the Mayor
with the Arkansas Public Employees Retirement System and report
the Mayor with service credit from the time he took office in
January, 1995.
PASSED AND APPROVED THIS 1 O A DAY OF MAY, 2003.
A \a a
MAYO J 1 N RIG
ATTESTED:
CITY CLERKITREASURER
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