HomeMy WebLinkAboutCC RESO 2015-126PROVED AS TO FORM:
RESOLUTION NO. 2015 — 126
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY
AUTHORIZING A ONE-TIME COMPENSATION STIPEND FOR MEMBERS OF
THE EXECUTIVE AND MANAGEMENT OCCUPATION GROUPS IN THE FORM OF
A $2,400 DEPOSIT TO THE INDIVIDUAL CITY OF NATIONAL CITY -ADMINISTERED
DEFERRED COMPENSATION PLAN ACCOUNTS OF EACH INCUMBENT
OF SAID GROUPS; AND ESTABLISHING APPROPRIATIONS FOR DEFERRED
COMPENSATION TOTALING $86,400 TO ACCOUNT FOR THIS EXPENSE
WHEREAS, staff seeks authority to grant a stipend members of the Executive
and Management groups in the form of a one-time $2,400 deposit to the City of National City
administered Deferred Compensation Plan accounts of each incumbent within those groups;
and
WHEREAS, this one-time adjustment, to be provided in Fiscal Year 2016, does
not increase or in any other way effect the City's unfunded pension liability (this form of
compensation is non-PERSable), nor does it have any other long term fiscal implications.
NOW, THEREFORE, BE IT RESOLVED that the City council hereby authorizes
a one-time compensation stipend for members of the executive and management occupation
groups in the form of a $2,400 deposit to the individual city of national city -administered
deferred compensation plan accounts of each incumbent of said groups.
BE IT FURTHER RESOLVED that the City Council hereby authorizes the
establishment of fund appropriations for Deferred Compensation in the amount of $86,400 for
this expense.
PASSED and ADOPTED this 1s1 day of September2015.
ATTEST:
11114 Al,.
Fr dia e.aci ua Silva
ity Attorney
on Morrison, Mayor
Passed and adopted by the Council of the City of National City, California, on
September 1, 2015 by the following vote, to -wit:
Ayes: Councilmembers Cano, Mendivil, Morrison, Rios.
Nays: None.
Absent: Councilmember Sotelo-Solis.
Abstain: None.
AUTHENTICATED BY:
RON MORRISON
Mayor of the City of National City, California
,, ,,e
CI rk of
the
e City of National City, California
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2015-126 of the City of National City, California, passed and
adopted by the Council of said City on September 1, 2015.
City Clerk of the City of National City, California
By:
Deputy