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RESOLUTION NO. 9805 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />AUTHORIZING SEPARATION COMPENSATION FOR <br />FINANCE DIRECTOR MARK BEER <br />WHEREAS, Finance Director Mark Beer submitted his retirement notice effective <br />September 14, 2023; and <br />WHEREAS, in accordance with Section 2.11 Retirement Health Savings Plan (RHSP) of <br />the City of Mounds View Personnel Manual, exempt employees who have two (2) or more years <br />of service and leave City employment in good standing shall contribute 100% of accrued <br />vacation compensation to the RHSP; and <br />WHEREAS, in accordance with the City of Mounds View Personnel Manual, employees <br />who have completed two (2) or more years of service and leave the City in good standing shall <br />contribute their eligible sick leave hours, converted at the rate of 50%, to their RHSP; and <br />WHEREAS, Finance Director Mark Beer has a current leave balance of 466.00 hours <br />vacation and 681.40 hours sick time (50% = 340.70 hours); and <br />WHEREAS, the rate of pay for Finance Director Mark Beer upon retirement is $73.28 per <br />hour. <br />NOW, THEREFORE, BE IT RESOLVED that the Mounds View City Council approves <br />separation compensation to Finance Director Mark Beer consistent with Section 2.11 of the City <br />of Mounds View Personnel Manual as follows: <br />Hours <br />Hourly rate <br />Payout <br />Vacation Hours <br />466.00 <br />$73.28 <br />$34,148.48 Into RHSP <br />50% Sick Leave <br />340.70 <br />$73.28 <br />$24,966.50 Into RHSP <br />Estimated Total Separation Compensation: <br />$59,114.98 <br />Adopted this 11t" day of September, 2023. <br />Gary Meehlhause, Acting Mayor <br />ATTEST: <br />Nyle Zikmund, City Administrator <br />(seal) <br />