Agenda Packets - 2004/02/23 - Laserfiche WebLink

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Item No: 9E Meeting Date: February 23, 2004 Type of Business: Council Business Administrator Review: _____ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Charles Hansen, Finance Director Item Title/Subject: Resolution 6195 Authorizing Severance Payment for Reed Krogh January 31, 2004 was Sergeant Reed Krogh’s last day of employment with the City of Mounds View. Reed Krogh has served in the Mounds View Police Department in several positions over a period of twenty-seven years. Attached is Resolution 6195, which authorizes severance payments to retiree Reed Krogh. These payments are calculated in accordance with the 2003 contract with Law Enforcement Labor Services, Local 232 (Sergeants). Provisions of the last existing contract are honored until superceded by a new contract. The requested payout is based upon Mr. Krogh’s wage at the time of his retirement. This is a 2003 rate and the payout will eventually need to be increased when 2004 rates are known. Resolution 6195 provides for a cash payout of Mr. Krogh’s vacation time of $7,040.68. This is calculated as 220.09 accrued vacation hours times his hourly rate of $31.99. Resolution 6195 provides for the payment of Mr. Krogh’s sick time to be banked with the City to pay for his retiree group health, dental, and/or life insurance premiums for as long as the funds are available, up to his 65th birthday. This is calculated as 1,763.50 accrued sick hours times 65%, which equals 1,146.28 payable sick hours, times his hourly rate of $31.99, equals $36,669.50. These two payments will be recorded as a current expense of the Police Department. It will be covered from a budget perspective by several months of vacant positions in the Department and by the hiring of a replacement officer at the lowest point on the pay scale. Respectfully submitted, ________________________