RES 82161 - Laserfiche WebLink

WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS, WHEREAS , CITY COUNCIL OF TtIE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 82-161 A RESOLUTION AUTHORIZING A PROGRAM OF HOUSING ASSISTANCE AS PART OF COMPENSATION FOR WILLIAM E. EASTMAN, POLICE CHIEF the recruitment and hiring of top quality,high level management employees, including the Police Chief, is essential to the efficient operation of the government of the City of Pleasanton and the provision of services to the community; and current trends in housing costs, especially financing, make it difficult for individuals to relocate, both due to difficulties in buying a residence and in selling an existing home, thereby acting as a dis- incentive to persons relocating to the San Francisco Bay Area, and particularly to the City of Pleasanton; and the City believes that the interests of the City of Pleasanton would best be served by encouraging its Police Chief to live within the corporate limits of the City of Pleasanton to ensure his ready availability and familiarity with the cormr. unity; and after a search for the most qualified candidate, the City of Pleasanton has hired William F. Eastman as its Police Chief; and subsequent to his accepting the position as Police Chief, Chief Eastman has experienced difficulty in permanently relocating himself and his family to Pleasanton due to financial difficulties in selling his former residence in Manhattan Beach, California; and it is in the best interests of the City of Pleasanton if interim financial assistance can be made available to Chief Eastman through a program of housing assist- ance, as part of his compensation, in order to enable him to relocate to the City of Pleasanton; and the City of Pleasanton maintains reserves and other funds which it regularly invests in a variety of financial securities at varying earning rates, some of which are below current residential mortgage rates; and