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HomeMy WebLinkAboutResolution 5433 . . e - Resolution 5433 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING SEVERANCE PACKAGES FOR WALLACE MORTENSON AND DAVID BRICK WHEREAS, Dave Brick has completed 27 years of service to the City of Mounds View and Wally Mortenson has completed 28 years of service to the City of Mounds View; and WHEREAS, Dave Brick has elected to retire April 28, 2000 and Wally Mortenson has elected to retire April 30, 2000; and WHEREAS, Dave and Wally are entitled to the following benefits: Dave Brick · 100% of accrued vacation time-estimated at 349 hours (Personnel Manual, Section 4.35 Separation Compensation) ~-, 349 hours of vacation x $30.10 per hour=$1 0,504.90 · A lump sum payment of fifty percent of sick leave accrual or sixty-five percent of sick leave accrued as a patrol officer plus fifty percent of sick leave accrued as Lieutenant for use toward the retiree's group health insurance premium for as long as the funds are available up to the retiree's 65th birthday. These funds may be used only for the retiree's health, dental and/or life insurance and at no time may they be taken for cash or for any other purpose. Dave Brick has elected the health insurance option which is estimated as follows: ~J 1153 hours of accrued sick leave x 65% x $30.10 per hour=$22,558.45 " 1034.5 hours of accrued sick leave x 50% x $30.10 per hour=$15,569.23 ,', Total: $38,127.68 W.~Jly Mortenson . 100% of accrued vacation time--147 .23 hours (Personnel Code, Sect. 4.35D) ;:, 147.23 hours of vacation x $18.04 per hour=$2,656.03 . . . · A lump sum payment of fifty percent of sick leave accrual or sixty-five percent of sick leave accrued as a Maintenance Worker for use toward the retiree's group health, dental and/or life insurance premium for as long as the funds are available up to the retiree's 65th birthday. These funds may be used only for the retiree's health insurance and at no time may they be taken for cash or for any other purpose. Wallace Mortenson has elected the health insurance option which is estimated as follows: :) 1370.03 hours of accrued sick leave x 65% x $18.04 per hour . Total: $16,064.98; and WHEREAS, David Brick is paid from the General Fund and Wallace Mortenson is paid from the Wastewater Fund, both of which have reserved amounts for vacation and sick leave payouts, NOW, THEREFORE BE IT RESOLVED that the Mounds View City Council does hereby approve the aforementioned provisions for David Brick and Wallace Mortenson and directs staff to move these funds from their respective reserve accounts to the general fund for monthly payout as insurance premiums and a lump sum payment for vacation pay for the abovementioned retirees. ATTEST Adopted this 24th day of April, 2000 / ... -') I- /- ,. ILKA- .' ,:.{-^--.. '\ ( ( Dan ~~u~~.~,-Mq. r _ -'._ . 4;(~/( - / / L.-~A'Vi .." f I - .- Michel Ulrich, Interim City Clerk Administrator SEAL