HomeMy WebLinkAboutR-85-0157J-85-73
Resolution No.
85�157
t
k" A RESOLUTION INCREASING THE CITY'S CONTRIBUTION TO -
RETIREES FROM ONE PERCENT (1%) TO ONE AND A HALF
yam: PERCENT (1.5%), AT A COST OF $250,000 TO THE CITY
' FOR THE REMAINING NINE (9) MONTHS OF' FY'859
FUNDING IN A LIKE AMOUNT IS AVAILABLE FROM THE
FY'85 SPECIAL PROGRAMS AND ACCOUNTS CONTINGENT
z'. FUND BUDGET.
.'_ NOW; THEREFORE BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI,
.r
FLORIDA:
s.
Section 1. The City Manager is hereby authorized to increase the City's _
contribution to retirees from one percent (1%) to one and a half percent (1.5%), at a cost of $250,000 to the City for the remaining nine (9) months of FY'85. —
Section 2. The sum of $250,000 is hereby allocated from the FY'85 Special
Programs and Accounts Contingent Fund Budget to fund said allocation. —
Passed and Adopted this 14th day of Februarja985.
Maurice A. Ferre t
Attest:
Ralph G. Ongie, city Cie Gl
Prepared and Approved by:
` =rR o b ert ar
Deputy City Attorney
w.
Approv o Form and Correctness:
Lucia A. Doughe
City Attorney
CITY COD4MISSION
j NlEFTINC OF
FEB 14 1985
g� RESOLUT IUI� Ho,35-15 d,
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CITY OF MIAMI. FLORIOA
39
INTER -OFFICE MEMORANDUM
To. Randolph B. Rosencrantz
City Manager
t4anohar S. 4rani ector
FgOM1'Departmentnt & Budget
°ATE: January 14, 1985 FILE, b/DM853
SUSPECT: Allocation of $250,000 to City Retirees
REFERENCES:
ENCLOSURES: `
It is recommended that the City Commission approve
the attached resolution allocating a sum of
$250,000 from the FY'85 Special Programs and
Accounts Contingent Fund Budget to City retirees.
This money will increase the City contribution to
retirees from one percent (1%) to one and a half
percent (1.5%), for the remaining nine (9) months
of FY'85.
The City Commission passed a motion (M-84-1367) on December 13, 1984 authorizing
and directing the City Manager as per a recommendation made on November 14, 1984
by the City administration to increase the City's contribution to City retirees
from one percent (1%) to one and a half percent (1.5%) at a cost of $250,000 for
the remaining 9 months of FY'85. The attached resolution formalizes M-84-1367
and is recommended for approval.
This resolution is prepared for the January 24, 1985 City Commission meeting.
85-15 0