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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION No. 6108 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING SEVERANCE <br />PAYMENT FOR GARY KARDELL <br /> <br />WHEREAS, Gary Kardell has served the City of Mounds View for 29 years; and <br /> <br />WHEREAS, Gary Kardell's last day of employment with the City will be October <br />31,2003; and <br /> <br />WHEREAS, Gary Kardell is entitled to the following benefits per the City of <br />Mounds View Personnel Manual, Section 4.350 Separation Compensation: <br /> <br />. 100% of accrued vacation time-estimated at 66.92 hours <br /> <br />o 66.92* hours of vacation x $19.32 per hour = $1,292.85 <br /> <br />. Option 1: a lump sum payment of fifty percent (50%) of accrued sick leave, or <br /> <br />. Option 2: sixty-five percent of sick leave accrued for use toward the retiree's <br />group health, dental and/or life insurance premiums for as long as the funds <br />are available up to the retiree's 65th birthday. If Option 2 is elected, these <br />funds may be used only for the retiree's health, dental and/or life insurance <br />premiums and at no time may they be taken for cash or for any other purpose. <br /> <br />Gary Kardell has elected Option 1 which is estimated as follows: <br /> <br />o 960* hours of accrued sick leave x 50% = 480 x $19.32 per hour = <br />$9,273.60 <br /> <br />. Total: $1,292.85 + $9,273.60 = $10,566.45 <br /> <br />*Payout amount may change should Mr. Kardell use any vacation or sick hours <br />before October 31, 2003. The hourly rate may change based on the labor agreement <br />contract with the City. The Finance Department will adjust accordingly. <br /> <br />WHEREAS, Gary Kardell is paid from the Pavement Management fund at 50%, <br />Snow and Ice Control fund at 30% and Sign Maintenance fund at 20%. <br />Reso 6108 <br />Page 2 <br />