1991-49RUOUTION NO. 91- 49
A MOCUTION HONORING ROBERT BACK FOR M MVZCE TO THE
VZCCAGE OF BUFFACO GROVE POCICE PEWON FUND
SEW$, Bob Back was first appointeb to serve on the Police Pension
Funh Boarb of trustees of the Village of Buffalo Grove on Oeptember 10, 1973;
anti,
HER£$, Auring Bob's tenure with the Pension Funb, he has serveb
capablg as it's Presibent anb has guibeb the Funb's Airection to a level of
fiscal soundness; anb,
IDREREA,S, Bob's knowlebge of the securitg's markets has alloweA the Funh
to invest in a manner that has enhanceb earnings while at the same time
insuring liAuibitg, keg to the fibuciarg obligations of a Boarb member; anh,
)WERE0, his able leabership has permitteh funk assets to grow to in
excess $6,000,000 at April 30, 1991 to provibe for future benefits while at
the same time stabilizing local propertg taxes to funh future obligations anb
creating an actuarial surplus to the benefit of FunA members.
NOD), THEREFORE, BE It RE$OCVED BU THE PR£ .SZDENT AND BOARD-OF CRUTE£.5 OF
THE VZCCAG£ OF BUFFACO GROVE, COOK AND CAKE COHNTZE$, IMNOU that:
Bob Back he honoreb anb thankeb for his service to the Village of
Buffalo Grove anb specificallg the Village of Buffalo Grove Police Pension
Funb Boarb of trustees from September 10, 1973 to April 30, 1991.
ABU: 5 - Marienthal, Reid, O'Malley, Kahn, Rubin
NAUU : 0 - None
ABSENT = 0 - None
PA$$ED: May 6
APPROVED:
1991.
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