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INFORMATIONAL MEMO <br />Page 3 <br />will be bringing a proposal to the Finance Committee in the fourth quarter of this year for <br />@ process exploring this option. Moving to anew compensation system — and even <br />simply updating the existing OBK8one SOthat can function 8Srequested bvResolution <br />1Q51—will require @ budget amendment. <br />RECOMMENDATION <br />Staff is seeking answers to the questions raised above and will return to the next Finance <br />Committee meeting with the full analysis discussed above. <br />ATTACHMENTS <br />F<eSO|UtiOO1351 <br />Resolution 17S0(repealed bvResolution 1951\ <br />Comparable cities with assessed value <br />Z:\Council Agenda 9Non Rep Draft memvuvu <br />63 <br />