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Resolution No. 6912 319 RESOLUTION NO. 6912 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, AND ACTING AS EX-OFFICIO BOARD OF DIRECTORS OF THE CYPRESS RECREATION AND PARK DISTRICT, APPROVING A ONE-TIME RETENTION STIMULUS FOR ELIGIBLE EMPLOYEES IN THE CYPRESS EMPLOYEES' ASSOCIATION, MAINTENANCE EMPLOYEES' ASSOCIATION, AND POLICE MANAGEMENT ASSOCIATION WHEREAS, the City Council appreciates employees' continued service to the City and their willingness to partner with the City in periods of financial uncertainty to ensure high quality and high value services continue to be provided to the community; and WHEREAS, the Cypress Employees' Association (CEA), Maintenance Employees' Association (MEA) and Police Management Association (PMA) entered into multi-year agreements in 2021 which included FY 2022-23 cost-of-living adjustments (COLA) between two and one-half percent and three percent which were in line with the recent and anticipated Consumer Price Index (CPI) increases at that time; and WHEREAS, in recent months, the inflation rate is the highest it has been in over four decades with CPI averaging seven and one-half percent; and WHEREAS, the City Council desires a $1,000 one-time retention stimulus payment be made to eligible employees in the CEA, MEA, and PMA to help alleviate the impacts of inflation; and WHEREAS, the three-quarter (3/4) time employee in the CEA will receive a prorated retention stimulus in the amount of$750; and WHEREAS, to be eligible for the payment, individuals must have been employed prior to July 1, 2022 and remain employed through October 28, 2022; and WHEREAS, the payment is not performance based and is not considered pensionable compensation; and WHEREAS, the retention stimulus will be paid with the regular payroll on November 4, 2022. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cypress, and acting as the ex-officio Board of Directors of the Cypress Recreation and Park District, does hereby approve a one-time retention stimulus in the amount of$1,000 for eligible employees in the CEA, MEA, and PMA. PASSED AND ADOPTED by the City Council of the City of Cypress, and acting as ex- officio Board of Directors of the Cypress Recreation and Park Distric a a regular meeting held on the 24th day of October, 2022. •L/Z • la-A1-1-64) MAYOR OF THE CITY OF CYPRESS ATTEST: W.A,L CITY CLERK OF THE CI Y OF CYPRESS STATE OF CALIFORNIA } COUNTY OF ORANGE } ss I, ALISHA FARNELL, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 24th day of October, 2022, by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Marquez, Minikus, Peat, Hertz-Mallari and Morales NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None CITY CLERK OF THE CITY 0 CYPRESS