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HomeMy WebLinkAboutReso 2001-038 - Compensation Package RESOLUTION NO. Z©0/- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING PROVIDING A COMPENSATION PACKAGE TO THE ELECTRIC UTILITY DIRECTOR WHEREAS,the City of Redding recognizes the success of the Electric Utility; and WHEREAS, the Electric Utility Director position has been a key component of the recent success of the Electric Utility Department; and WHEREAS,it is the intent of the Redding City Council and City Manager to retain excellent employees. NOW,THEREFORE,IT IS HEREBY RESOLVED that the City Council of the City of Redding does hereby provide a 5%salary increase to the Electric Utility Director in July of the years 2001 through 2004. BE IT FURTHER RESOLVED that the Electric Utility Director shall also receive an amount equal to 20% of the Electric Utility Director's salary to be provided in the form of supplemental retirement,such as retirement plans under IRS Code 457,IRS Code 401(a),whole life insurance, etc. These monies shall be provided at the beginning of each of the calendar years 2001 through 2004. I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 6th day of March, 2001, and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: Cibula, Kight, Stegall and McGeorge NOES: COUNCIL MEMBERS: None ABSENT: COUNCIL MEMBERS: Pohlmeyer ABSTAIN: COUNCIL MEMBERS: None A,' " ,;( 0411, DAVID .. EO'>e / Mayor A EST: CONNIE STR'OHMAYER ity Jerk F R . W. LEONARD WINE, City Attorney f1 D:K%'RF.PORIE'OOIEI.F.<:fRIG LST W TY DIR[CTORwpd ^KV-