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Home My WebLink AboutResolutions - 1992.05.21 - 20879May 21, 1992 ' MISCELLANEOUS RESOLUTION #92102 BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON IN RE: DEPARTMENT OF MANAGEMENT AND BUDGET - PARTICIPATION IN WATERFORD SCHOOL DISTRICT/CHILDREN'S VILLAGE SCHOOL EARLY RETIREMENT PROGRAM TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS Mr. Chairperson, Ladies and Gentlemen: WHEREAS the County contracts with the Waterford School District to provide staffing to Children's Village School; and WHEREAS the District, due to financial concerns, has offered teachers and administrators a stipend to retire so that their positions can be eliminated or filled by lower salaried personnel; and WHEREAS on March 11, 1992 the District approached the County with an offer to participate in the program to the extent that the County would pay the retirement stipend for Children's Village personnel who take advantage of the offer, the District would then fill the position with a lower salaried, but qualified, individual; and WHEREAS the District further offered that should the County not receive, within four(4) years, contract savings equalling the amount of the stipend, the District would reimburse the County for the entire amount of the stipend; and WHEREAS the County Executive recommends this proposal which allows the County an opportunity to receive long-term contract savings without financial risk nor harm to the educational program at Children's Village School. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners approves, in concept, participation in the early retirement program as proposed by Waterford School District for District staff employed at Children's Village School and that future contracts between the District and the County reflect this program. Mr. Chairperson, on behalf of the Finance Committee, I move adoption of the foregoing resolution. FINANCE COMMITTEE #92102 May 21, 1992 The Chairperson referred the resolution to the Finance Committee and the Public Services Committee. There were no objections.