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HomeMy WebLinkAbout02/04/2003 CS minutes VILLAGE CLERK Velma W. Lowe oo@'U' [?@rn d~m j z..-\ 1-1) ~ Village of Mount Prospect 100 South Emerson Street Mount Prospect, Illinois 60056 Phone: (847) 392-6000 Fax: (847) 392-6022 TDD: (847) 392-6064 MAYOR Gerald L. Farley Timothy J. Corcoran Paul Wm. Hoefert Richard M. Lohrstorfer Michaele W. Skowron Irvana K. Wilks Michael A. Zadel VILLAGE MANAGER Michael E. Janonis MINUTES CLOSED SESSION FEBRUARY 4, 2003 W(!1J!1[1" rn3rn!1~@[g [Q)&'i]'~ 3~~lO The Closed Session was called to order at 9:01 p.m. by Mayor Farley, in the Central Community Center Board Room. The purpose of the Closed Session was to discuss Personnel. Present were: Trustees Timothy Corcoran, Paul Hoefert, Richard Lohrstorfer, Michaele Skowron, Irvana Wilks and Michael Zadel. Staff present included Village Manager Michael Janonis and Assistant Village Manager David Strahl. Minutes Approval of Minutes of January 21, 2003. Motion made by Trustee Zadel and Seconded by Trustee Skowron. Minutes approved. Mayor Farley abstained. Personnel Assistant Village Manager Strahl provided an overview of the projected Retiree Health Insurance costs for Public Works employees and overall Village retirees. He highlighted the fact that based on the projected Village contribution of 60% for retirees as demanded by the Public Works Union and the current count of retirees being 73 individuals, the annual cost would amount to approximately $305,000. He stated based on the projected cost increases of health insurance and the addition of more retirees over the next five years, the projected cost could amount to over $1 million annually within five years. There was discussion regarding the details of Village health insurance and the details of cost and the likely future costs. There was no further business and the Closed Session adjourned at 9:30 p.m. ~;;;W DS/rcc DAVID STRAHL Assistant Village Manager