Laserfiche WebLink
RESOLUTION No. 5925 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING SEVERANCE PACKAGES FOR WILLIAM <br />HANSON <br /> <br />WHEREAS, William Hanson has served the City of Mounds View for 30 years; <br />and <br /> <br />WHEREAS, William Hanson’s last day of employment with the City was on <br />December 31, 2002; and <br /> <br />WHEREAS, William Hanson is entitled to the following benefits per the City of <br />Mounds View Personnel Manual, Section 4.35D Separation Compensation: <br /> <br />• 100% of accrued vacation time calculated at 214.85 hours <br /> <br />o 214.85 hours of vacation x $19.32 per hour=$4,150.90 <br /> <br />• Option 1: a lump sum payment of fifty percent of accrued sick leave, or <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 />William Hanson has elected Option 2 which is as follows: <br />o 1258 hours of accrued sick leave x 65% x $19.32 per hour= <br />$15,797.96 <br />• Total: $19,948.86 <br />WHEREAS, William Hanson is paid from the Water Fund. <br /> <br />NOW, THEREFORE, BE IT RESOLVED that the Mounds View City Council <br />does hereby approve the aforementioned provisions for William Hanson and <br />directs Staff to move these funds from their respective reserve account to the <br />General Fund for monthly payout as insurance premiums and a lump sum <br />payment for vacation pay for Mr. Hanson. <br /> <br /> <br /> <br /> <br /> <br /> <br />