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City Council Minutes <br /> October 4, 2016 <br /> Page 7 of 8 <br /> INCREASING THE COMPENSATORY TIME ACCUMULATION LIMT TO <br /> 100 HOURS WITH A MAXIMUM COMPENSATORY TIME PAY OUT OF <br /> 100 HOURS PER CALENDAR YEAR, ADDING THE DAY AFTER <br /> THANKSGIVING AS A PAID HOLIDAY, AND INCREASING THE YEAR- <br /> END CARRYOVER LIMIT TO 140 HOURS FOR FULL-TIME <br /> EMPLOYEES AND PRO-RATED FOR ELIGIBLE PART-TIME <br /> EMPLOYEES. COUNCIL MEMBER AKERSON SECONDED THE <br /> MOTION. MOTION CARRIED 5-0. <br /> 10.5. Municipal Advisor Services Agreement <br /> Nancy Malecha informed the Council that she was recently made aware <br /> that financial consulting services with Springsted Inc. are now required to <br /> establish terms and condition, by contract, of their client engagements and <br /> the City does not currently have this agreement in place. Ms. Malecha <br /> further noted that the Agreement for Municipal Advisor Services has been <br /> reviewed by the City Attorney. <br /> MAYOR SJOBLAD MOVED TO APPROVE THE AGREEMENT FOR <br /> MUNICIPAL ADVISOR SERVICES WITH SPRINGSTED INC. COUNCIL <br /> MEMBER PEDERSON SECONDED THE MOTION. MOTION CARRIED <br /> 5-0. <br /> 11. Other Business <br /> There was no other business. <br /> 12. Closed Session in Accordance with M.S. 13D.05, Subd. 3(a) for the <br /> Performance of Nancy Malecha, City Administrator/Clerk <br /> Mayor Sjoblad announced that this agenda item is for evaluation of the <br /> performance of Nancy Malecha, City Administrator, pursuant to Minnesota <br /> Statutes, section 13D.05, subdivision 3(a). This portion of the meeting will <br /> be closed because the City Council will be evaluating the performance of <br /> an individual subject to the City's authority — Nancy Malecha, City <br /> Administrator. Ms. Malecha has received notice of this meeting. <br /> Minnesota Statutes, section 13D.05, subdivision 3(a) provides that any <br /> portion of a meeting may be closed for this reason, unless the individual <br /> who is the subject of the meeting request that it be open. In this case, Ms. <br /> Malecha did not make such a request that the meeting be open. <br /> Mayor Sjoblad further noted that only the officials and consultants of the <br /> City who reasonably require access to this data may be in attendance at <br /> any portion of the closed meeting for this agenda item. <br />