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LJTo Village Councilmembers
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From Michael R.Couzzo,Jr.,Village Mana 4'4_
Date/Time February I,2001 ��
0 Subject Payout of Accruals and Consideration of Severance Payment
O Upon the Resignation of Scott D.Ladd as Director of
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Community Development
As you are aware, Mr. Ladd's resignation date is February 23, 2001.
He will receive his final paycheck on February 30, 2001. Pursuant to
Village Sick Leave and Vacation Leave Policies, Mr. Ladd's projected
accruals payout will be as follows:
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VACATION HOURS: 320 @$33.20= $10,624.00
SICK HOURS: 178 @ $33.20= $ 5,909.60
TOTAL ACCRUALS PAYOUT $16,533.60
. In light of Mr. Ladd's length of service, I have offered him, contingent
upon Village Council approval, an option of either 6 months of
health/dental insurance premiums paid by the Village of Tequesta or
an equivalent cash payment. Mr.Ladd has opted for the cash payment
in the amount of$6,094.74($1,015.79 per month x 6 months). '' {�r sr
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It is my recommendation that the Village Council approve payment of ¢.-f
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this payout to Mr. Ladd upon 21 years of service to the Village of
Tequesta. Thank you for your consideration. i ''
/krb
250 Tequesta Drive
Suite 300
Tequesta,Florida 33469
561-575-6209
561-575-6203 Fax
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