Minutes - 2005/01/24 - Laserfiche WebLink

Home Browse Search

Mounds View City Council January 24, 2005 Regular Meeting Page 13 • in Item J are fairly inexpensive advertising and reaches a broad range of people. She stated that this item is a brochure given to residents in Blaine, telling them about the businesses in the area. She stated that Item J is for church bulletin advertising, and amounts to $6.33 per week. Mayor Marty asked if this was covered in their advertising or marketing budget. Mary stated that their advertising budget is $6,000 per year. Council Member Stigney asked when the Blaine publication would come out. Mary stated that it comes out in the spring. MOTION/SECOND. Gurui/Flaherty To approve Resolution 6444, Purchase of Advertising and Design in the Blaine Community Resource & Residents Guide, and to waive the reading. Ayes-3 Nays-1 (Stigney) Motion carried. J. Resolution 6417, Authorizing the Bridges of Mounds View to advertising with Paluch. MOTION/SECOND. Gunn/Flaherty. To adopt Resolution 6417, Authorizing the Bridges of • Mounds View to advertising with Paluch, and to waive the reading. Ayes-4 Nays-0 Motion carved. Mary stated that Ken Manthis, their golf pro, and won a national award, and she would be putting a copy in all the Council Member's mailboxes, and she would also be doing a press release. K. Discussion of Request from Past Employees to Join the Retirement Health Savings Plan. Finance Director Hanson stated that in years past, the City has had a couple of options for employees who separate from the City and have balances of unused sick time on their accounts. The first option they had was that they could receive a cash payment for 50 percent of the time up to 960 hours. He stated that during 1990 the second option was added where they could leave the money on deposit with the City, and the money would then be used to pay the employee's continued participation in the Group Health Insurance Plan provided by the City. In that instance, the employee is allowed to put 65 percent of the balance of their sick time into deposit, but without the 960 hour limit. He stated that during 2004 the City instituted a third option known as the Retirement Health Savings Account, and that plan was approved by the IRS. The money is transmitted to a third party, and they had selected ICM, a retirement corporation, to hold the money, and it goes into the account tax free, earns income tax free, • and can be spent on qualified medical expenses tax free. He stated that these specific provisions have been added to labor contracts as they've come up for renewal.