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<br />Memo <br /> <br />Date: December 13, 2004 <br />To: Mayor, City Council & Staff <br />Rom: John W. Meyer Finance Director <br /> <br />2005 COLA and Insurance Adjustments (Consent Agenda) <br /> <br />As per the 2005 budget summarized in the Truth-and-Taxation hearing handout, <br />the 2005 budget includes a 3% COLA salary increase and a $70 monthly health <br />insurance increase. The consent agenda requests that the city council formally <br />approve these changes. <br />