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, . , ~ .. Arden Hills Council August 30, 1993 9 Person reported that the average interest request currently is $32.00. She added that if the City reimbursed one-half of the interest to current employees only, that would total approximately $l70. Councilmember Hicks commented that $l70 is a small price to pay to deliver a good will message to current employees that the Council cares about this situation and realizes that it was not created by the employees. Councilmember Probst concurred adding that he would support the reimbursement suggested by the Administrator with the understanding that the entire matter would then be "put behind us" and no further reimbursement of any kind would be considered. Councilmember Malone commented that the Council has attempted to display good will to the employees with each past actions relative to the section l25 Plan, including paying FICA and other reimbursements. He emphasized that although it is true that the employees did not create the situation, neither did the City intend for the situation to occur. Malone asked why the recommendation is to reimburse only current employees. Administrator Person replied that no requests have been received from former employees and they may be difficult to locate, and the City's primary responsibility is to current employees. MOTION: Malone moved, seconded by Aplikowski, to reimburse current employees who are charged by the IRS an additional interest based on the Arden Hills 1991 - 1993 section l25 Plan up to one-half of the interest per year. This reimbursement is to be based on employee's interest as a result of income from the City (not household income). Motion carried unanimously (5-0). ADJOURN MOTION: Malone moved, seconded by Aplikowski, to adjourn the meeting at 8:22 p.m. Motion carried unanimously (5-0). Thomas R. Sather, Mayor Dorothy A. Person, Clerk Administrator NOTICE OF MEETINGS: The next regular Council meeting will be held September l3, 1993 at 7:30 p.m.