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Page 4 <br /> Regular meeting of the Elk River Municipal Utilities Commission <br /> December 13,2005 <br /> 6.2 Review Alternative Deferred Compensation Options <br /> Currently there is only one 457 plan offered to the employees. It was asked if there could <br /> be another plan offered that would allow the employee to have a financial advisor oversee <br /> their investment. Wenzel and Associates is a private sector business and is affiliated with <br /> 1NG. This could be an option for employees,however,they would pay a slightly higher cost <br /> for this service. John Dietz verified that this would not cost the utilities,Theresa Slominski <br /> responded that the employee would pay. <br /> Motion by James Tralle to approve the 457 option with Wenzel and Associates. John Dietz <br /> seconded the motion. <br /> 6.3 Consider Performance Evaluation of GM <br /> John Dietz would like a performance evaluation of the General Manager. Discussion <br /> followed as to the procedure and employees who would be filling out the performance <br /> evaluation. It was also suggested that this be done for all employees yearly. <br /> Motion by John Dietz to approve a performance evaluation of the General Manager. James <br /> Tralle seconded the motion. Motion carried 3-0. <br /> Other Business <br /> There was no other business. <br /> The next regularly scheduled meeting of the Elk River Municipal Utilities Commission <br /> will be Tuesday,January 10,2006. <br /> President Jerry Takle adjourned the regular meeting of the Elk River Municipal Utilities <br /> Commission at 5:15 p.m. <br /> Respectfully su.mi •, <br /> 111111k <br /> Judy McS a den` <br /> Recording Clerk <br />