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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 /> <br /> <br />Resolution 5433 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING SEVERANCE PACKAGES FOR WALLACE <br />MORTENSON AND DAVID BRICK <br /> <br /> <br />WHEREAS, Dave Brick has completed 27 years of service to the City of Mounds <br />View and Wally Mortenson has completed 28 years of service to the City of Mounds <br />View; and <br /> <br />WHEREAS, Dave Brick has elected to retire April 28, 2000 and Wally Mortenson <br />has elected to retire April 30, 2000; and <br /> <br />WHEREAS, Dave and Wally are entitled to the following benefits: <br /> <br />Dave Brick <br />• 100% of accrued vacation time-estimated at 349 hours (Personnel Manual, <br />Section 4.35 Separation Compensation) <br /> <br />o 349 hours of vacation x $30.10 per hour=$10,504.90 <br /> <br />• A lump sum payment of fifty percent of sick leave accrual or sixty-five percent of <br />sick leave accrued as a patrol officer plus fifty percent of sick leave accrued as <br />Lieutenant for use toward the retiree’s group health insurance premium for as <br />long as the funds are available up to the retiree’s 65th birthday. These funds may <br />be used only for the retiree’s health insurance and at no time may they be taken <br />for cash or for any other purpose. Dave Brick has elected the health insurance <br />option which is estimated as follows: <br />o 1153 hours of accrued sick leave x 65% x $30.10 per hour=$22,558.45 <br />o 1034.5 hours of accrued sick leave x 50% x $30.10 per <br />hour=$15,569.23 <br /> <br />o Total: $38,127.68 <br /> <br />Wally Mortenson <br /> <br />• 100% of accrued vacation time--147.23 hours (Personnel Code, Sect. 4.35D) <br />o 147.23 hours of vacation x $18.04 per hour=$2,656.03 <br />