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Board Corrects VMERS Enrollment Date and Authorizes Clerk to Sign Reimbursement Declaration for Geurgetti Refrigeration Project
Summary
A prior motion on the city's VMERS Part D enrollment date was reconsidered and corrected to a September 30 deadline; the board also approved a declaration of intent authorizing the clerk to sign a reimbursement declaration for the Geurgetti refrigeration CIP project.
At the June 2 meeting the Rutland City Board of Aldermen reconsidered and corrected an earlier motion concerning municipal employee enrollment in VMERS Part D and approved clerical and bond-administration paperwork for a refrigeration project tied to the capital-improvement plan.
VMERS correction: City Attorney LaChance said the original motion misstated a deadline and that the correct date is September 30. The board voted to strike the prior motion, adopt corrected language and then approved a motion finding that sworn officers not covered by a collective-bargaining agreement who do not elect VMERS at first offering may enroll by notifying VMERS by Sept. 30 to join the following July 1. The board also resolved that new eligible hires after the vote shall enroll in VMERS D as of July 1, 2025.
Declaration of intent for CIP reimbursement: City Treasurer Markowski asked the board to approve a declaration of intent for the Geurgetti refrigeration project to allow the city to spend money upfront and seek reimbursement under the CIP bond. The board authorized the city clerk to sign the declaration and approved moving forward with the paperwork for bond compliance.
Why it matters: Correcting the VMERS date ensures the city’s enrollment schedule aligns with the statutory or administrative timeline required by the retirement system. Authorizing the declaration of intent is a routine step allowing the city to begin eligible project work and later seek bond reimbursement under capital financing procedures.
Ending: The board approved the corrected VMERS language and the declaration of intent authorizing the clerk’s signature; staff said the financing and loan documents for a separate JCI project remain under review and will be presented at a future meeting when finalized.
