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HomeMy WebLinkAboutCC RESO 2004 - 133RESOLUTION NO. 2004 — 133 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY APPROVING A CONTRACT PROVISION REGARDING A PAYMENT TO THE CHIEF OF POLICE DESIGNEE FOR THE PURCHASE OF RETIREMENT SERVICE WITH THE SAN DIEGO CITY RETIREMENT SYSTEM WHEREAS, a provision in the employment agreement between the City and Police Chief designee Adolfo Gonzales allows for the payment of $175,000 to be paid to Chief Gonzales, as partial consideration for his five-year commitment to the City of National City and in order to facilitate the purchase of retirement service credit with the San Diego City Employee Retirement System (SD CERS); and WHEREAS, to insure the City's return on investment, Chief Gonzales is contractually obligated by a provision in the Agreement that states that if the employee terminates the Agreement before completion of its term, the employee shall reimburse the City at the rate of $35,000 per year for each year remaining under the Agreement, pro -rated to the closest month. NOW, THEREFORE, BE IT RESOLVED that the City Council hereby approves the payment of $175,000 to Chief Gonzales as provided for in the five-year Agreement between the City of National City and Chief Gonzales. PASSED and ADOPTED this 20th day of July, 2004. Nic nz , ayor ATTEST: Michel Dalla, C APPROVED AS TO FORM: /D4. George H. Eiser, III City Attorney