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HomeMy WebLinkAbout87-160 - Mayor StipendRESOLUTION NO. 87 -160 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING AN ALLOWANCE OF THREE HUNDRED ELEVEN DOLLARS AND TWENTY -THREE CENTS ($311.23) PER MONTH, ADJUSTED IN ACCORDANCE WITH THE CONSUMER PRICE INDEX, TO THE MAYOR IN ACCORDANCE WITH SECTION 404 OF THE CHARTER • WHEREAS, Section 404 of the City Charter and City Council Policy F -17 provide that the City Council may, by resolution, provide for the payment to the Mayor of an allowance to reimburse the Mayor for additional expenses incurred in so serving; and • WHEREAS, pursuant to City Council Policy F -17, the allowance is to be adjusted to reflect changes in the Consumer Price Index using May, 1974 as the base month and year; and WHEREAS, changes in the Consumer Price Index, for the month of May, are received by the City on July 1st of each year; and WHEREAS, it is appropriate to adjust the allowance, paid to the Mayor, effective July 1, 1988, to reflect increases in the CPI; and WHEREAS, prior to July 1, 1988, the Mayor was allowed the sum of $287.79 and it is proposed to increase that sum by 4.8 %, an amount less than the 5% maximum increase authorized by the Charter. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the Mayor be allowed the sum of Three Hundred Eleven Dollars and Twenty -Three Cents ($311.23) per month effective July 1, 1988 as reimbursement for additional demands and expenses incurred in serving as Mayor and in accordance with Section 404 of the Newport Beach City Charter. ADOPTED this 23rd day of ATTEST: City Clerk