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Item No. 07K <br />Type of Business: CB <br />Meeting Date: June 8, 2009 <br />City Administrator Review: _____ <br /> <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Desaree Crane, Assistant City Administrator <br />Item Title/Subject: Resolution 7465 Authorizing Severance for Police Officer Steve <br />Geringer <br /> <br />Background <br /> <br />Officer Steve Geringer has retired as a Mounds View Police Officer effective May 22, 2009. <br />Attached is Resolution 7465, which authorizes severance payment to Officer Steve Geringer in <br />accordance with the LELS Union Contract. <br /> <br />Resolution 7465 provides for a payout of Officer Geringer’s sick time into his Retirement Health <br />Savings Plan. In accordance with the LELS Union Contract, Officer Geringer is authorized a sick <br />time payout totaling $2,351.60 to his Retirement Health Savings Plan. This is calculated as <br />135.50 accrued/banked sick hours times 50% times his hourly rate of $34.71. <br /> <br />Resolution 7465 also provides for a payout of Officer Geringer’s vacation time into his Retirement <br />Health Savings Plan. In accordance with the LELS Union Contract, Officer Geringer is authorized <br />a vacation time payout totaling $5,786.65 to his Retirement Health Savings Plan. This is <br />calculated as 166.72 times his hourly rate of $34.71. <br /> <br /> <br /> <br />Recommendation <br />Staff recommends severance payment for Officer Steve Geringer into his Retirement Health <br />Savings Plan. <br /> <br />Respectfully submitted, <br />Desaree Crane <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />