RES 1995-68 - 00002928102
' RESOLUTION NO. 68 - 1995
RESOLUTION AUTHORIZING THE EXPENDITURE OF FUNDS FOR
SEVERANCE BENEFITS
WHEREAS, due to budget restraints it will be necessary to lay off certain
employees of the City of Fridley; and
WHEREAS, in order to assist these employees in their transition to new
employment certain severance benefits are appropriate.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fridley that
expenditures from the emergency reserve of up to $40,000.00 be authorized to
provide severance benefits to employees laid off because of budget constraints.
BE IT FURTHER RESOLVED that the City Manager be authorized to enter into
severance agreements with the above mentioned employees.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 23RD DAY OF
OCTOBER, 1995.
' WILLIAM J. MAYOR
ATTEST:
WILLIAM A. CHAMPA - CITY CLERK