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HomeMy WebLinkAboutCC RESO 2010-166RESOLUTION NO. 2010 — 166 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY AUTHORIZING ADDITIONAL FUNDS OF UP TO $500,000 FROM THE GENERAL FUND CONTINGENCY RESERVES TO FUND THE CITY'S EMPLOYEE VOLUNTARY SEPARATION PROGRAM WHEREAS, on June 8, 2010, the City Council adopted Resolution No. 2010-121, authorizing the City Manager to execute an Employee Voluntary Separation Program; and WHEREAS, due to a higher than expected level of applications submitted for consideration, staff recommends an additional allocation not -to -exceed $500,000, for a total not - to -exceed amount of $1,500,000 for the execution of the Employee Voluntary Separation Program which will fund the twenty-year repayment period. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of National City hereby authorizes additional funds of up to $500,000 from the General Fund Contingency Reserves to fund the City's Employee Voluntary Separation Program PASSED and ADOPTED this 20th day of July, 2�1,Q. on Morrison, Mayor ATTEST: Michael R. Dalla, City Clerk APROVED AS TO FORM: dia G. Si City Attorney Passed and adopted by the Council of the City of National City, California, on July 20, 2010 by the following vote, to -wit: Ayes: Councilmembers Morrison, Sotelo-Solis, Van Deventer, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California City Cl rk of the City of ational City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2010-166 of the City of National City, California, passed and adopted by the Council of said City on July 20, 2010. City Clerk of the City of National City, California By: Deputy