Finance director Dean Stelzer has announced his retirement from the city of Delaware, effective Jan. 21.

Stelzer has served more than 29 years as director.

"After long and thoughtful deliberation, I have decided to retire from my position," said Stelzer in a city press release.

"My years with the city have been both challenging and rewarding," he said. "I always took very seriously the responsibilities of my position and tried, as best as I could, to promote good governance and the betterment of Delaware."

Stelzer, 58, joined the city as finance director in August 1990.

"I am very grateful to have had Dean's expertise and friendship for so long," said City Manager Tom Homan. "Our city has a very healthy financial profile and that is because of Dean's prudent fiscal management."

The process of finding Stelzer's replacement is underway.

The city posted the position last week; the application period closes Nov. 24.

"I wish all the best to the staff as they continue moving Delaware forward into the future," Stelzer said. "This is a wonderful city and it has been my honor to serve the community."