The City of Columbus and the Fraternal Order of police have reached a new contract agreement.Officers have ratified the three-year contract, giving up some retirement benefits and paying more for health care. But the deal gives officers a seven-percent raise over the life of the contract. Mayor Michael Coleman has accepted the agreement, meaning City Council will not have to take any formal action. City officials say the deal, which was reached through a fact-finder, will save 12-million dollars.