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79 <br />BI <br />UDGETMPLICATIONS <br />80 <br />This proposed study will cost $10,000 to $30,000 that has not yet been budgeted for. Beyond <br />81 <br />the study costs there will be implementation costs dependent on the outcomes of the study that <br />82 <br />will need contingency funding. The anticipated outcomes, if similar to those found in our last <br />83 <br />study conducted in 2002, could be up to $150,000 to achieve both internal and external equity. <br />84 <br />SR <br />TAFF ECOMMENDATION <br />85 <br />Staff recommends immediate approval of up to $30,000 to begin conducting the study now and <br />86 <br />$150,000 to be budgeted in contingency for the study outcomes to be implemented in 2013. In <br />87 <br />addition staff recommends establishing a RFP and RFP review committee to review and <br />88 <br />recommend the best vendor to conduct the compensation study prior to the end of 2012 with <br />89 <br />implementation of the results in early 2013. <br />90 <br />RCA <br />EQUESTEDOUNCILCTION <br />91 <br />Motion to approve the proposed staff recommendations as listed above, directing City staff to <br />92 <br />prepare the necessary bid documents for execution, subject to a compensation committee and <br />93 <br />City Attorney approvals. <br />94 <br />Prepared by: Eldona Bacon, Human Resources Manager <br />Page 3 of 3 <br /> <br />