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CITY COUNCIL MEETING, JANUARY 18, 1983 -2- 13. ADMINISTRATOR'S REPORT: B. Lega1'NeWsp'ap'er - The Council reviewed the Administrator's recommendation n (Memo of January 13, 1983) to designate Lillie Publications as the Legal Newspaper for the City. After evaluating the other publications, as listed, the Council concurred with the recommendation. Lillie publishes the Washington County Review., M/S/P Fraser/Mazzara to designate the Washington County Review the legal newspaper for the City of Lake Elmo, per the recommendation of the City Administrator. Carried 5-0. C. PERA Employ'ee'P'ay Cut - -- Mayor Eder very di ficult question - unfair that the State enacted this legislation; but, cannot favor salary compensation unless there are strong arguments presented to do otherwise. This has nothing to do with employee cababilities or job performance - this is an unfortunate situation with the City caught in the middle. -- Councillor Dunn -Hot only looking at a proposed pay increase but also have to consider the disposition of the Administrator and the possibility of hiring an assistant Administrator. Want to look at total budget items in conjunction with the pay increase. This is all part of the financial package. Should not make a decision tonight. -- Councillor Morgan - basically agree with the Mayor. Even if consideration was given to compensating this 2% it would require cutting out somewhere else. in the budget.to cover it. -- Councillor Fraser - not at the point of making a decision. Alternatives to be considered: 1. meet the request and add 2% to the employees pay. 2. reduce the work time by 2%. 3. wait and see what present legal action brings about. 4, do nothing - leave it as it is - employees pay the '2%.' 5. wait and review it in terms of the broader budget Prefer to hold off on a decision. -- Councillor Mazzara - reitterated the Mayor's position - Sees this as a State problem - the entire State is suffering not sure we should be the exception by making up this 2% - would be inclined to oppose the 2% increase as this goes along with how Washington County and most of the State is reacting. M/S/P Fraser/Dunn to defer any decision until pending legal action has been completed and until the over-all budget impact can be reviewed. Carried 5-0. 5. INVESTMENT POLICIES - MARILYN BANISTER: Mrs. Banister explained the city's current investment policy, and itemized the financial institutions and'the type of invest- ments that the City has. The average interest rate in 1982 was 12%, with the Building Fund Reserve at 14.25%. -The Council and Mrs. Banister discussed interest plus checking, , short-term low -investment CD's, bond payments and equipment purchases as they relate to the investment policy. 3. ADDITIONAL CLAIM: M/S/P Morgan/Mazzara to approve Claim 83413 to to Lake Elmo Repair in the amount of $313.90, for repair to the International Dump Truck. Carried 5-0.