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6.2 Section - Resolutions <br />B. Resolution opposing Assembly Bill 2702 (Steinberg) - Housing: Second units (214) <br />Recommendation <br />Adopt a resolution opposing Assembly Bill 2702, authored by Assemblyman <br />Darrell Steinberg <br />ADOPT RESOLUTION 14576 OPPOSING ASSEMBLY BILL 2702 <br />6.3 Section — Claims and Warrants <br />A. Approve warrants dated through April 12, 2004 and usual and necessary <br />payments through April 26, 2004; (301) MINUTE ORDER 04 -58 <br />6.4 Section — Ordinances (2 Reading and Adoption) <br />A. Ordinance approving and authorizing execution of the amendment to the contract <br />with the Public Employees Retirement System to provide Government Code <br />21362.2, "3% @ 50 Full formula" for Redwood City's Police Officers Association <br />and Redwood City Police Sergeants Association members effective on June 28, <br />2004 (First Reading on March 8, 2004) <br />ORDINANCE 2260 AMENDING CONTRACT BETWEEN THE BOARD OF <br />ADMINISTRATION OF CALIFORNIA PUBLIC EMPLOYEES' RETIREMENT SYSTEM <br />AND THE CITY COUNCIL OF THE CITY OF REDWOOD CITY <br />6.2 Section — Resolutions (continued) <br />A. 401 (a) (Defined Benefit) Separation Incentive Plan (SIP) (904) <br />Vice Mayor Pierce stated her appreciation in seeing the stated plan and the <br />recommendation, but was concerned with the cost of the SIP costing an additional <br />$20,000. per participating employee. She stated that while the SIP is designed to <br />help avoid layoffs, her concern is that the cost adds up to another employee and <br />questioned the decrease of skill level impacts. City Manager Everett stated that the <br />monies to be paid out would come from current department budgets through <br />existing vacancy savings which allows ten employees to not be laid off next fiscal <br />year. The program was designed following the PERS model and creates a net <br />savings. <br />REGULAR CITY COUNCIL MEETING APRIL 12, 2004 <br />MINUTES PAGE 5 <br />MINUTES Book No. 60 <br />Page No. 180 <br />