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M:\MasterFiles\1999 thru 2010\2000\City Council\Council Packets\04-24-00\Regular Meeting\Item No. 10G--Res 5433 Approving Severance Pay--Givonna Reed.doc <br />Item No 10G <br />Type of Business: CB <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report <br />To: Mayor and City Council <br />From: Givonna Reed <br />Item Title/Subject: Consideration of Resolution 5433 Authorizing <br />Severance Packages for Wallace Mortenson and <br />David Brick <br />Date of Report: April 24, 2000 <br /> <br /> <br />Attached is Resolution 5433 which requests authorization to make severance <br />payments to retirees Wallace Mortenson and David Brick. Dave Brick is paid from <br />the General Fund and Wally Mortenson is paid from the Wastewater Fund, both of <br />which have reserved amounts for vacation and sick leave payouts. <br /> <br />Staff requests direction to move severance funds from their respective reserve <br />accounts to the general fund for monthly payout as insurance premiums and a lump <br />sum payment for vacation pay for the abovementioned retirees. <br /> <br />All requested payouts are based on salary at the time of retirement. <br /> <br />RECOMMENDATION <br /> <br />Approve Resolution 5433. <br /> <br />Respectfully Submitted, <br /> <br />___________________________ <br />Givonna Reed <br />Assistant to the City Administrator <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />