C6A-Report- Special Finance And Citywide Projects Committee Meeting Of April 16E MIAMIBEACH
Cify of Miomi Beqch, lZ00 Convenlion Center Drive, Miomi Beoch, Florido 33139, www, miomibeochfl.gov
COMMITTEE MEMORANDUM
To: Mayor Philip Levine and Members
FRoM: Jimmy L. Morales, City Manager
DArE: May 21,2014
f the City Qommission
SUBJECT:REPORT OF THE SPECIAL I FINANCE AND CITYWIDE
PROJECTS COMMITTEE MEETING ON APRIL 16,2O14
The agenda is as follows:
NEW BUSINESS
1. Discussion of Ordinance No. 2013-3826 adopted and referred to the
Finance and Citywide Projects Committee to discuss the 60
employees that are capped out
ACTION
The Gommittee recommended that the Unclassified Salary Ordinance be
revised to allow for the recognition of such employees through a one-time,
non-recurring, non-pensionable adjustment of up to two percent of their
respective salaries based on whether they met, exceeded or significantly
exceeded expectations, as indicated by the ratings on their individual
performance evaluations.
z. Discussion of Replacement Line of Credit
ACTION
The Committee recommended that the Administration bring the proposed
replacement line of credit in the amount of $60 million to the April 23, 2014
Commission meeting to authorize negotiations with Wells Fargo.
Agenda ttem lGA
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