HomeMy WebLinkAboutResolution 2010-17:1
RESOLUTION NO. 2010-17
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAPE
CANAVERAL, FLORIDA, WAIVING VESTING REQUIREMENTS FOR
CITY MANAGER DAVID GREENE IN THE FLORIDA MUNICIPAL
PENSION TRUST FUND DEFINED CONTRIBUTION AND DEFERRED
COMPENSATION PROGRAMS, PLAN NUMBER 62305; AND
PROVIDING AN EFFECTIVE DATE.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CAPE CANAVERAL, FLORIDA,
THAT:
SECTION ONE. Purpose and Intent. The City Council finds that the City Manager position is the
chief executive officer of the City, which is by its nature a volatile position. In recognition of the volatile
nature of that position, the City Council finds that it is appropriate to allow immediate vesting of the City
Manager.
SECTION TWO. Immediate Vesting of City Manager David Greene. The City Council does
hereby waive vesting for David Greene and authorize the Florida Municipal Pension Trust Fund to
immediately vest David Greene for all payments made to his retirement account this year, and
continuing until he ceases to be City Manager for the City of Cape Canaveral.
SECTION THREE. Effective Date. This resolution is effective immediately upon passage, but its
effect is retroactive to the effective employment date of June 1, 2010.
ADOPTED BY the City Council of the City of Cape Canaveral, Brevard County, Florida, this 7th
day of September, 2010.
Rocky Randels, Mayor
5@1
ATTEST: r
Angela Apperson, C.M.C.; City Clerk
Appro ed Form:
Anthony A. Garganese, City Attorney
Name
For Against
Robert Hoog
X
Buzz Petsos
Se cond
Rocky Randels
X
Shannon Roberts
Motion
Betty Walsh X