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RESOLUTION NO. 7465 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION APPROVING SEVERANCE FOR <br />POLICE OFFICER STEVE GERINGER <br />WHEREAS, Officer Steve Geringer has retired from the Mounds View Police <br />Department effective May 22, 2009; and <br />WHEREAS, the balance of accrued and unused sick leave time is 135.50 hours as of <br />May 22, 2009; and <br />and <br />WHEREAS, the balance of accrued and unused vacation is 166.72 as of May 22, 2009; <br />WHEREAS, Officer Geringer's current rate of pay of $34.71 per hour; and <br />WHEREAS, the maximum potential payout of sick time will be 135.50 hours x 50% x <br />$34.71 = $2,351.60; and <br />WHEREAS, the maximum potential payout of vacation time will be 166.72 x $34.71 = <br />$5,786.85; and <br />WHEREAS, $8,138.45 will be contributed to Officer Geringer's Retirement Health <br />Savings Plan. <br />NOW, THEREFORE, BE IT RESOLVED that the Mounds View City Council approves a <br />one-time payout of sick and vacation time not to exceed $8,138.45 into Officer Steve Geringer's <br />Retirement Health Saving Plan. <br />Adopted this 8th day of June, 2009. <br />Jo I~hefty, Mayor <br />ATTEST: /~ <br />~,.~ IJVLI~ <br />Jim Ericson, Clerk-Administrator <br />(seal) <br />