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Minutes for the Finance Committee meeting on July 17, 2003.
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Finance & Administration Committee Minutes
Thursday, July 17, 2003
5:15PM
Members Present: Alec Farmer, Darrel Dover, Jim Hargis, and Ann Williams. Councilman Harold Perrin, Mayor Brodell, and Mr. Larry Johnson were unable to attend.
Others present were: Mr. Larry Flowers, Finance Director, Mrs. Suzanne Hackney, Human Resources Director, Jim McKinnon, Grants Coordinator, Rusty Grigsby, Assistant Police Chief, Alan Young, Information Systems, Steve Kent, Purchasing Agent, Becky Sharp, City Collector, Rick Elliott, Jason Willis, Doug Crews, Chris Mackey, Doug Little, Judy Furr, Bill Ebbert and Donna Jackson, City Clerk.
Councilman Hargis moved, seconded by Councilman Dover to approve the Finance Committee minutes from June 24, 2003 as submitted. All voted aye.
457 PLAN
Ms. Hackney, Human Resources Director reported there had been a change with regard to representation by CitiStreet. Originally there were to be 2 representatives for the region, but now there would be only one representative for the City of Jonesboro and St. Bernards. It was explained that the one representative had not been hired as of yet and no timeline had been established for the employment. Ms. Hackney stated Mayor Brodell had no problems with the change especially with the Municipal League preparing the addendum. She explained the contract had been reviewed by the City Attorney and the amendments would have to accompany the ordinance and contract. Councilman Dover moved, seconded by Councilman Hargis to reaffirm negotiations with CitiStreet on the 457 Plan. All voted aye.
Councilman Dover moved, seconded by Councilman Hargis to approve the addendum with the following changes:
· Employees must wait six months prior to being eligible to join the 457 Plan.
· If employment is terminated before the age of 59½ years, for reasons other than retirement, the employee shall receive compensation sixty (60) days afte...
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