HomeMy WebLinkAboutResolution 5594
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Resolution 5594
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION AUTHORIZING SEVERANCE
PAYMENT FOR MICHAEL ULRICH
WHEREAS, Mike Ulrich has served the City of Mounds View for 14 years; and
WHEREAS, Mike Ulrich's last day of employment with the City will be August 3,
2001; and
WHEREAS, Mike Ulrich is entitled to the following benefits per the City of
Mounds View Personnel Manual, Section 4.350 Separation Compensation:
. 100% of accrued vacation time-estimated at 398.49 hours
o 398.49 hours of vacation x $36.03 per hour=$14,357.59
. Option 1: a lump sum payment of fifty percent of accrued sick leave, or
Option 2: sixty-five percent of sick leave accrued for use toward the retiree's
group health, dental and/or life insurance premiums for as long as the funds
are available up to the retiree's 65th birthday. If Option 2 is elected, these
funds may be used only for the retiree's health, dental and/or life insurance
premiums and at no time may they be taken for cash or for any other purpose.
Mike Ulrich has elected Option 1 which is estimated as follows:
o 960 hours of accrued sick leave x 50% = 480 x $36.03 per hour=
$17,294.40
· Total: $31,651.99; and
WHEREAS, Mike Ulrich is paid from the Pavement Management fund at 34%,
Water Management fund at 33% and Wastewater fund at 33%.
NOW, THEREFORE, BE IT RESOLVED that the Mounds View City Council does
hereby approve the aforementioned provisions for Michael Ulrich and directs staff
to move these funds from their respective reserve accounts to the General Fund
for payout.
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ATTEST
SEAL
Motion:
Seconded:
Sonterre:
Stigney:
Quick:
Marty:
Thomas:
Adopted this 23rd day of July, 2001
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Richard Sonterre, Mayor
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Kathleen rt1iller, City Administrator
Quick
Marty
Aye
Aye
Aye
Aye
Aye