021606 - Laserfiche WebLink

Browse Search

February 16, 2006 Page 4 It was moved by Lange, seconded by Holt, and carried 5-0 to accept the financial statements and management letter for the year ending June 30, 2005 as prepared by the accounting firm of Moss, Levy and Hartzheim. C. Adoption Of Resolution Number 021606-A, For Adoption Of VantageCare Retirement Health Savings (RHS) Program Lewanda highlighted the issue and stated that the existing Memorandum of Understanding (MOU) with the Service Employees Intemational Union (SEIU) requires the District to implement a Retirement Health Savings Plan to assist employees in saving for specified health expenses upon retirement; the proposed plan design provides flexibility within the Internal Revenue Service (IRS) requirements; employees can elect whether or not to participate and at what levels; for most employees, the withdrawals can be made for all IRS allowed medical expenses; and there will be no out of pocket cost to the District except for staff time required to administer the plan. In response to Berger's inquiry, Lewanda said that Board members are not eligible for the plan. It was moved by Berger, seconded by Holt, and carried 5-0 to adopt Resolution Number 021606-A, allowing provision of the VantageCare Retirement Health Savings (RHS) Plan to District employees; that it be read in title only and all further readings be waived. It was moved by Berger, seconded by Holt, and carried 5-0 to authorize the General Manager to sign the Retiree Medical and Dental Expense Reimbursement Plan, the Declaration of Trust, the Plan Adoption Agreements and the Administrative Services Agreements for the VantageCare RHS Plan. D. Authorization To Award Contract For Purchase And Installation Of Play Equipment At Russell Neighborhood Play Park Area Friedl reviewed the bid process. He said that, of three contractors receiving plans and specs, one bid of $52,070, which was less than budgeted, was received from M.D. Structural Contractors, who have completed several recent installations for the District.