HomeMy WebLinkAboutAgenda Packet - July 12, 2004 - CC • Vy pF,g2�
-•: * +
IIIII■� uroar"
i
AGENDA
SPECIAL MEETING
OF THE CITY COUNCIL
AZUSA LIGHT AND WATER MONDAY, JULY 12, 2004
729 NORTH AZUSA AVENUE 6:30 P.M.
1. PRELIMINARY BUSINESS
• Call to Order
• Pledge to the Flag
• Roll Call
H. CLOSED SESSION
A. CONFERENCE WITH LABOR NEGOTIATOR (Gov. Code Sec. 54957.6).
Agency Negotiators: City Manager J. Gutierrez and Assistant City Manager R. Person
Organizations/Employee: ACEA, APOA, APMA, AMMA, CAPP, IBEW, LABORERS, EXECUTIVE
111. PUBLIC PARTICIPATION - Please note that public comments are welcomed by recognition of
the Mayor.
f
i
IV. AGENDA ITEMS
i
A. Presentation of FY 2005 Capital Improvement Prosect Budget.
I
B. Discussion Regarding City Manager's Six Month Work Plan.
C. Discussion Regarding CNersight Committee for Monrovia Nursery.
i
D. Discussion Regarding Paperless Processes and Products. j
i
V. ADIOURNMENT j
A. Adjourn.
Wite' 6
} Cyt
AZUSA,�:
CONSENT CALENDAR
TO: THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: CATHY A. HANSON, HUMAN RESOURCES DIRECTOR
VIA: JULIE A. GUTIERREZ, CITY MANAGER ,
DATE: JULY 12, 2004
SUBJECT: RANDY NORIEGA LUMP SUM OPTION FOR HEALTH INSURANCE DURING
RETIREMENT
RECOMMENDATION
It is recommended that City Council approve a request by Mr. Noriaga to receive his
lump sum option for health insurance during retirement over a four (4) year/ forty-
eight (48 ) month payment period.
BACKGROUND
The current Executive MOU section 17.3 states, "As an irrevocable option, not later
than 30 days after separation from employment with the City of Azusa, an employee
may choose to receive in a lump sum the present value of his or her health insurance
during retirement, to the extent that he or she is so entitled (amount to be
determined by actuarial tables and will vary with age, years of service and other
factors). The present value calculation shall be based upon the monthly premium for
PERSCare insurance or for the plan in which the employee is actually enrolled,
whichever is higher."
The present value calculation for this benefit for Mr. Noriega is $233,975.91, as
determined by an actuarial. Mr. Noriega is requesting that the City pay this benefit to
him monthly over a four (4) year period for a total of forty-eight (48) months. This
equates to a monthly payment of $4,874.50. This payment will not increase over the
four (4) year period.
FISCAL IMPACT
The fiscal impact to the FY 2005 budget is $53,619.48. For fiscal years 2006, 2007,
2008 the impact will be $58,494 for each year and in fiscal year 2008 the impact will
be $4874.50.