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HomeMy WebLinkAbout1991-08-14 - Board of Trustees Meeting Minutes Ili MINUTES OF A SPECIAL MEETING BOARD OF TRUSTEES VILLAGE OFFICES 90 SOUTH RIDGE STREET RYE BROOK, NEW YORK AUGUST 14, 1991 CONVENE MEETING The Meeting of the Board of Trustees was called to order by Mayor Cresenzi at 8:30 P.M. in the Meeting Room and the Pledge of Allegiance followed. Present were the following members of the Board: Mayor Salvatore M. Cresenzi Trustee Joseph Pellino Trustee Randy Solomon Trustee Robert J. Ravich and Trustee Michele Daly were not in attendance at this meeting. Also present were: Christopher J. Russo, Village Administrator Edward F. Beane, Village Attorney - 1 - l 00197 August 14, 1991 1. LOCAL LAW #1-1991 A LOCAL LAW ENTITLED RETIREMENT INCENTIVE PROGRAM On Motion made by Trustee Solomon, seconded by Trustee Pellino, the following Resolution was adopted by vote indicated: A LOCAL LAW electing a retirement incentive program as authorized by Chapter 178, Laws of 1991 for the eligible employees of the Village of Rye Brook. BE IT ENACTED by the Board of Trustees of the Village of Rye Brook, as follows: 1. The Village of Rye Brook hereby elects to provide all its eligible employees with a retirement incentive program authorized by Chapter 178, Laws of 1991. 2. The commencement date of the retirement incentive program shall be December 2, 1991. 3. The open period during which eligible employees may retire and receive the additional retirement benefit, shall be Thirty (30) days in length. 4. The actuarial present value of the additional retirement benefits payable pursuant to the provisions of this local law shall be funded over a five year period. The amount of the annual payment in each of the five years shall be determined by the Actuary of the New York State and Local Employees' Retirement System, and it shall be paid by the Village of Rye Brook for each employee who receives the retirement benefits payable under this local law. S. This act shall take effect immediately. MAYOR CRESENZI VOTING AYE TRUSTEE PELLINO VOTING AYE TRUSTEE SOLOMON VOTING AYE TRUSTEE DALY ABSENT TRUSTEE RAVICH ABSENT RESOLUTION On Motion made by Trustee Solomon, seconded by Trustee Pellino the following Resolution was approved: RESOLVED, that the letter of retirement from Stella Rathgeb, dated August 5, 1991 and effective December 31, 1991 is hereby accepted by the Village Board of Trustees; and be it 2 - V 01 iA R d August 14, 1991 FURTHER RESOLVED, that the Board wishes Stella good health and happiness in the years to come. MAYOR CRESENZI VOTING AYE TRUSTEE PELLINO VOTING AYE TRUSTEE SOLOMON VOTING AYE TRUSTEE DALY ABSENT TRUSTEE RAVICH ABSENT ADJOURNMENT On Motion made by Trustee Solomon, seconded by Trustee Pellino, the meeting was adjourned into Executive Session at 9:10 P.M. Respectfully submitted, Christopher Russo Village Clerk 3 -