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Res. No. 022-05-12001RESOLUTION NO.22-05-12001 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA RELATING TO FORMER CITY MANAGER CHARLES SCURR'S PENSION;AUTHORIZING THE CITY MANAGER TO PAY AN AMOUNT NOT TO EXCEED $89,716.80 TO METLIFE INVESTORS INSURANCE COMPANY ON HIS BEHALF AS SATISFACTION OF THE RETIREMENT CLAUSE IN HIS EMPLOYMENT CONTRACT;PROVIDING FOR THE DISBURSEMENT FROM SETTLEMENT ACCOUNT 001-2100-519-9924;AND PROVIDING AN EFFECTIVE DATE. WHEREAS,theCity Commission approvedan employment contract forformer City Manager Charles D.Scurr on October 5,1999;and WHEREAS,section 2.5 of thecontract provides forhimto receive "credit inthe Cityretirementsystemfortimeemployedinothergovernmentalentitiesandannual contributions tothe system";and WHEREAS,this provision contradictsthecurrent buyback clause of theCity pension plan which limitstheeligibletimeforbuybacktofiveyearsforservicesrendered tothe City of South Miamionly,making it impossible forhimto receive credit forany time worked for other governments;and WHEREAS,theCityhasreceivedseverallegalopinionsexpressingthe advisability of settling this matter out of court;and WHEREAS,theCityManagerhasnegotiateda settlement withMr.Scurr which statesthattheCitywillpurchaseanannuitywithMetlifeInvestorsInsuranceCompany thatwillprovidehimasatisfactoryamount of benefitclosertowhathewouldhave receivedundertheregularCitypensionplanatacostnottoexceed$89,716.80,tobe paidfromthesettlementaccount 001-2100-519-9924 whichpresentlyhasabalance of $107,000. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA THAT: Section 1.Theabovewhereasclausesareincorporatedbyreference. Res.No.22-05-12001 Section 3.TheCity Manager is authorized topayan amount upto $89,716.80 to Metlife Investors Insurance Company on behalf of Charles D.Scurr to purchase an annuity plan for him asfull satisfaction forthe provisions of his employment agreement. Section 4.This resolution shalltake effect immediately upon approval. PASSED AND ADOPTED this J^day of February,2005. ATTEST:APPROVED: READ AND APPROVED AS TO FORM: J:\CBIazckon "MeGruff'\Resolutions\Rcso Scurr Pension.doc Page 2 of2 COMMISSION VOTE: Mayor Russell: Vice Mayor Palmer: Commissioner Wiscombe: Commissioner Birts-Cooper: Commissioner Sherar: 3-2 Yea Yea Nay Yea Nay South Miami AlWmerfcaCtty CITY OF SOUTH MIAMI H\\V OFFICE OF THE CITY MANAGER HIP* INTER-OFFICE MEMORANDUM " To:Honorable Mayor,Vice Mayor Date:February 15,2005 and City Commission From:Maria V.Davis /Jflf^i//ill <"Subject:Agenda Item ##Q City Manager §A**-*J/Q^Lj Commission Meeting ^2/01/05 Re:Settlement with Charles Scurr REQUEST A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI,FLORIDA RELATING TO FORMER CITY MANAGER CHARLES SCURR'S PENSION;AUTHORIZING THE CITY MANAGER TO PAY AN AMOUNT NOT TO EXCEED $89,716.80 TO METLIFE INVESTORS INSURANCE COMPANY ON HIS BEHALF AS SATISFACTION OF THE RETIREMENT CLAUSE IN HIS EMPLOYMENT CONTRACT;PROVIDING FOR THE DISBURSEMENT FROM SETTLEMENT ACCOUNT 001-2100-519-9924; AND PROVIDING AN EFFECTIVE DATE BACKGROUND AND ANALYSIS AfterreceivinginstructionsfromtheCityCommissiontorenegotiatetheproposedsettlementwith formerCityManagerCharlesScurrontheretirementclause of hisemploymentcontract,wewere abletocometoagreementonasum of $89,716.80.Thefullpaymentunderthecontractcould amountto $186,772.53,andwehadoriginallyreachedanagreementfortheamount of $107,000,so thisrepresentsaconsiderablesavingoverourpotentialliability.Mr.Scurrhasprovidedusan annuityplanthatissatisfactorytohimfortheproposedamount.If theattachedresolutionis approvedbytheCommission,acheckwillbeissuedtoMetlifeInvestorsInsuranceCompanyfor credittoMr.Scurr's annuityplanforthenegotiatedamountandwillreleasetheCity of anyfuture commitments to his retirement benefit. RECOMMENDATION: Approval is recommended. TO: FROM: Maria Menendez-Oy Clerk JeanetteEnrizoJH DATE:March 17,2005 Re:Settlement -Charles Scurr Pleasebeadvised that tKeresolution for Mr.Scurfs moniestobereimbursedintoan annuity account reflects a different Company than what he currently has requested. Initially,the Resolution no.22-05-12001 shows Metlife Investors Insurance Company. Today,hesentusa request to send the funds directly tothe following account: First Clearing Corp./Wachovia Securities Attention:Wilbur Forbes 2800 Ponce de Leon Suite 1200 Coral Gables,Fl 33134 Ifyouhaveany questions,pleaseadvise. Cc:MariaDavis,City Manager Hakeem Oshikoya,FinanceDirector Eve Boutsis,P.A MftR-15-2005 16:49 FROM:'VILLAGE OF PftLMETTO 3052591290 TO:3056683877 P.2 RELEASE BY CHARLES D.SCURR OF THE CITY OF SOUTH MIAMI THIS RELEASE isexecutedthis /fi day of March,2005,by CharlesD.Scurr, individually ("Scurr"). NOW THEREFORE,forandin consideration of the execution of Resolution No.,whichauthorizedthepayment of $89,716.80 toMr.Scurr,theexchange of releases,andothergoodandvaluable consideration,thereceiptand sufficiency of whichis herebyacknowledged,itisagreedthat Scurr,for himself andforanysuccessors,assigns, principals,beneficiaries and representatives,herebyremises,releases,and forever discharges theCity of SouthMiami(includingitssuccessorsininterest,assigns)of and fromallmanner of action,causes of action,claims,demands,judgments,executions, damagesand expenses of anykind,inlaworinequity,which Scurreverhad,now has,or mayhave,whetherknownorunknown,arising against theCity of SouthMiami,for,upon orby reason of anymatter,cause,orthingwhatsoever,fromthe beginning of theworldto theday of thesepresents,relatedtoany known or unknown claimsthat have been orcould havebeen raised ormaybe raised concerningorduringScurr'stenureasSouthMiami's City Manger or regarding Scurr'semployment agreement,pension(includingclaims of discrimination,retaliation,whistlebloweroranyother employment relatedactivities). ThisReleaseshallbeconstruedandinterpretedinaccordance with thelaws of the State of Florida. Page1 of2 MQR-15-2005 16:50 FROM:VILLAGE OF PALMETTO 3052591290 TO:3056683877 P.3 WITNESS my hand and seal,this 10 'day of March,2005. STATE OF FLORIDA COUNTY OF MIAMI-DADE CHARLES D.SCURR By:.£6*"? Charles D.Scurr ) ,MTheforegoinginstrumentwasacknowledgedbeforemethis10"day of March, 2005,byCharlesD.Scurr,individually. re ofNotary Public - ofFlorida) (Print,Type orStamp Commissioned Name ofNotary Public) Personally Known X OR Produced Identification *v JV Type of Identification Produced ^<J»Dr Expkai June 28.2007 Page2 Of 2 MftR-15-2005 16:49 FROM:VILLAGE OF PALMETTO 3052591290 FAX:3pages February 15,2005 Charles D.Scurr 11035 Killian Park Road Miami,Florida 33156 Residence (305)662-2774 Office (305)259-1234 CDSMIA(a)aoLcom TO:3056683877 Jeanette - Attachedisa copy of my signedrelease.The investment people recommend thatthebest way towritethe check to purchase theannuityisto make the check payableto: FirstClearingCorpasCustodianfor Charles Scurr IRA underagreement dated (date of the check or Commission Resolution) Thanks for your help.Hopefullywecan wrap thisupinthenextdayorso. P.l MAR-16-2005 16:14 FROM:VILLAGE OF PALMETTO 3052591290 Charles D.Scurr 11035 KiUlan Park Road Miami,Florida 33156 Residence (305)662-2774 Office(305)259*1234 CDSMlAfihaoLcom TO:30566838rl FAX:lpage February 16,2005 Jeanette - Attached are the updated instructions for the Check: First Clearing Corp as Custodian for Charles Scurr TRA Account 7527-6 Themailing address is: First Clearing Corp/Wachovia Securities Attention:Wilbur Forbes 2800Poncede Leon Suite 1200 Coral Gables,FL 33134 TTianks for your help.Hopefully we can wrap this up in the next day or so. L^nac? P.l 81