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HomeMy WebLinkAboutR-97-0934J-97-927 12/30/97 RESOLUTION NO. 9 7- 934 A RESOLUTION INSTRUCTING THE CITY MANAGER TO DIRECT THE CITY'S EXTERNAL AUDITORS, KPMG PEAT MARWICK, TO CONDUCT A STUDY OF TIERED EXECUTIVE COMPENSATION AND BENEFITS PACKAGES, INCLUDING COMPARISONS OF COMPARABLE MUNICIPAL ENTITIES. WHEREAS, the Mayor of the City of Miami has expressed the desire to have a City- wide salary cap of $96,000 for executives within the administration of the City; and WHEREAS, the City of Miami is desirous of being able to attract and retain qualified executives; and WHEREAS, it is necessary to conduct a study of compensation and benefit packages of comparable municipal entities in order to ascertain the competitive state of the market; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are hereby adopted by reference thereto and incorporated herein as if fully set forth in this Section. Section 2. The City Manager is hereby instructed to direct Miami's external auditors, KPMG Peat Marwick, to conduct a study of tiered executive compensation and benefits packages, including comparisons of comparable municipal entities. CITY COMOSSION MEETING OF DEC 3 ® 1997 Resolution No. 97- 934 Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 30th day of December , 1997 APPROVED AS TO FORM AND CORRECTNESS: ell 1010Z 0 N J S, III CITY ATT NEY W2152:csk:AO.J 25; F--, XAVIER L. UAREZ, MAYOR 2- 97- 934