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None <br />FISCAL IMPACT: <br />The 5% stipend reduction will result in a savings of $140 for the Honorable Mayor and Council per <br />month, or approximately $1,400 for the duration of the 2009-2010 fiscal year. In addition, the 5% <br />reduction for the City Treasurer will result in a monthly savings of $100 or approximately $1,000 for <br />the 2009-10 fiscal year. <br />RECOMMENDATION: <br />It is recommended that the Honorable Mayor and Council waive the first reading and introduce by <br />title only Ordinance 0-05-09 regarding the 5% stipend reduction for the Honorable Mayor and <br />Council for the 2009-10 fiscal year; and adopt Resolution -5(.'01 to amend Resolution R-163-06 <br />to reduce the supplemental salary of the City Treasurer for the remainder of the 2009-10 fiscal <br />year. <br />Attachments: Ordinance <br />Resolution <br />City Attorney: 1) V r L Finance Director: <br />OTHER: <br />