04151958 Special Meeting - Laserfiche WebLink

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-~ 1,< 022 Municipal Contribution Rate cannot exceed five and one-half percent (5~~) and if the established rate would be 5% of earnings, the Citys' Municipal Contribution Rate cannot exceed 7~. Upon effective date of participation in TMRS, credit is given for all previous service rendered by each member .and monetary credit would be dependent upon the employee's prior service in years and months and upon his Average Prior Service Salary, computation of the amount in dollars-and-cents, being identified as Prior Service Credit. The member city - not the employee member - pays for all Prior Service Credit. o o e..; ~ t:~ It was the unanimous decision of the Council that they too felt that it would be an advantageous thing for the City to participate in such a program and asked that Mr. Gorham meet with the Department Heads and answer any questions they might have. A survey would be made to determine how many of the employees would be interested in such a retirement plan - at which time a final decision would be given to Mr. Gorham. I At this time the Mayor and City Manager requested that the City Secretary and Mr. Gorham to meet with the Department Heads for a discussion of this matter. At 2:30 P.M. the following Department Heads met with Mr. Gorham and the City Secretary: Mr. Hoy Lane, Sanitation Department Mr. James Burwell, Health Department Mr. Jack Major, City Inspector Chief Wm. Allbright, Chief of Police Mr. Asa Dees, Street Department Mr. Willie Posey, Water Department Mr. Carl Wilson, Sewer Department Mrs. Judy Brackett, utilities Office It was later reported to the Council that the employees favored partici- pating in the System and that they requested the Council to consider a deposit rate of FIVE PERCENT (5%) based on an annual salary of FOUR THOUSAND TWO HU~0RED DOLLARS ($4,200.00). Mr. Ross Terry and Mr. Jack McCreary, Delinquent Tax Attornies, were introduced to the City Council by the City Manager to discuss the collection I of tax receivables, now delinquent and owing the City. Mr. Terry went into the type of service which he and his associate were able to give the City in the matter of the collection of delinquent real and personal property taxes due the City. The provisions of a contract were explained in a general way. After a full discussion, it was the decision of the Council that Mr. Terry prepare a contract along the general lines discussed and to present it to the City Manager for review and presentation to the Council. There being no further business, the Mayor at 4.30 P.M. declared the meeting adjourned. (> Alderman :2 ,/..'.... ~,,)/;~) /f t~ ~~,- ~i- V~_? Alderman W. M. Davis /<~..~.f . /.;~WA. ,..t:;6/7'C)d.'l./' ../ Alderman B. D. Hillburn (-,'-J /'-: Ald~~m~n H~~man'yiff- I Alderman H. W. Steakley ATTEST: ;:1:1 d ca.t. m.';:; . Carl. n M. Tatch City Secretary