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HomeMy WebLinkAbout1995-07-10 95-320 ORDERCOUNCIL ACTION Date: 2-10-95 Item No. 95-320 Item/Subject: OMER, Confirming the Appointment of Ronald I. Heller as Finance Director Responsible Departments City Manager We have completed the selection process for a new Finance Director. Approximately 40 applications were received for this position. Based on their resumes, ten individuals were interviewed by telephone. Five finalists were selected from this group. One of the finalists subsequently withdrew after accepting a position with another municipality. The interview panel of the City manager, Acting Finance Director, Director of Administration, and School Business Manager conducted personal interviews with the remaining four candidates. Several Councilors participated in this interview process. The panel was impressed with the knowledge, experience, and background of all four of the final candidates. The attached Order will confirm the selection of Ronald I. Heller as Finance Director. I have attached a copy of the employment agreement which has been negotiated with Mr. Heller as well as a copy of his resume. I believe Mr. Heller will bring numerous strengths to this position including different perspectives associated with his private sector banking experience. I recommend your approval. Department Head Managers li7d City Manager Associated Information: Order, contract, rescue Budget Approval: p� Finance / irector Legal Approval City Solicit Int aced For Passage First Heading Page_of_ Referral 95-320 mWgmd to Cmmegs, SOucy July 10, 1995 CITY OF BANGOR (TITLE.)(Orbery--- .------ ....._Canfirming.. the . Appointment of_eonald_i._ Heuer as Finance Director Be w an CmwmH of Me,rBm -' ORDERED. THAT the City Manager's appointment of Bonuald I. Heller as Finance Director for the City of Bangor is hereby confirmed, and the City Manager is authorised to execute the attached employment agreement with Mr. Heller. IN. CITY CODRCIt 95-320 301y 10. 1995 0 R D £ R Paseed (t} Ran 1 I. Heller, Appointed v Title, Confirming the Appointment of w e Finance Director CI CLBRK _- ............................. ...................................... ............... Councilman e (t} v THIS Agreement made and enterediaw this_ day of ,1995, by and between the CITY OF BANGOR (Penobscot Cowry), State of Maine, a municipal corporation, hereinafter sometimes referred in as "Employer", and Ronald 1. Heller of DemBeld, Scale of 111mon, hereinafter sometimes refected to as "Employee". WHEREAS, the City ofBsngor desires in employ the service of said Ronald I. Heller as Director of Finance of the City of Bangor, and WHEREAS, the parties have reached Agreement as to the benefits, conditions of employment, and working conditions of said Employee; NOW, THEREFORE, in consideration of the mutual coveaax herein contained, the parties agree as follows: Employer hereby agrees in employ said Ronald I. Heller to perform the functions and duties of Director of Finance of the City of Bangor as specified order the Charter and the Ordinances of the City of Bangor and the laws of the Same of Maine, and to perform each other duties and functions as the City Manager shall from time to time assign. Subject to the provisions contained herein, Employee shall serve at the pleasure of the City of Biagio. A. Employee agrees to remain in the exclusive employ of Employer until August 14, 1998, and neither to accept other employment nor to become employed by say other employer so long as this Agreement And be in effort. . B. Nothing in this Agreement shall prevent limit or otherwise interfere with the right of the Employee to resign at any time from his position with Employer, upon sixty (60) days notice in Employer, subject only in the provisions set forth in Section 3 of this Agreement. C. During the original term of &a agreement Employee may be terminated only upon sixty (60) days prior written notice, which notice shall include a statement of the job related misfeasance or other causes for such termination. Employee may also be terminated upon sixty (60) days prior written notice should the position of Finance Director be eliminated by action of the Employers governing body. Following the original three (3) year term of this Agreement, this Agreement may be terminated by the Employer for cause or as provided in Section 2 D below. D. In the evert written notice is not given by either party to this Agreement to the other sixty (60) days prior to August 14, 1998 , this Agreement shall be extended on the sametereas endconditomsprovideg form additional unnof one Said Agreement shall continue tmereafter for one (I) year periods unless either party hereto gives surly (60) days written notice to the other party tlmt the party does not wish to extend this Agreement for an additional one {1) you term. In the event Employee is command by the City Manager during or at the expiration of the aforesaid term of employment or during any emersion thereof, and during such time that Employee is willing and able to perform his duties under this Agreement than m tbat event Employer agrees to pay Employee a lump sum cash Payment equal to two (2) months' aggregate salary, provided, however, that in the event Employee is terminated because of his conviction of any illegal act involving personal gain to him, thea in than event Employer shall have no obligation to pay the aggregate severance sum designated in this paragraph. A. Employer agrees to pay Employee for his services rendered parsuant herein an annual base salary of Fifty-four thousand, three hundred twenty-eight dollars ($54,328), payable in installments at the same time as other employees of the Employer are paid B. Employer agrees to handle fubue salary increases in the same fashion as salary increases are handled for other Executive Level Employees. A. On an annual basis, the City Manager and Employee shall define such goals and performance objectives as they deem necessary for the proper operation of the Deparnthent of Finance and shall reduce said goals and objectives to writing. They shall generally be attainable wuhm the time limitatous specified and the annual operating and capital budgets and appropriations provided. B. The City Manager shall review and evaluate the performance of the employee annually on or about the Employee's anniversary date of employment with the City. More frequent reviews may be held nt the discretion of the City Manager. Said review and evaluation shall be in accordance with the goals and performance objectives jointly developed by the City Manager and Employee and the normal standards used to evaluate the pefommnce of other City employees which are applicable to Employee's position. C. In effecting the provisions of this Section, the City Manager and Employee mutually agree to abide by the provisions of applicable law. D. Employee agrees and understands that the terms of his employment as Director of Finance shall be subject to the City's Personnel Rules and regulations as they currently exist and as they may be modified from time to time except where provisions of this Agreement modify or supersede the personnel Rules and Regulations. Employee shall not participate in my nou-Employer connected business or employment without the prior approval of the City Manager. Such approval shall not be unreasonably withheld as long as the employment in question does not conflict with Employee's duties and responsibilities as Director of Finance. Employee shall be reimbursed, our Employer shall pay directly, for all expenses for the relocation of Employee, his family, his household goods and personal property from Deerfield, Illinois to Bangor, Maine. Said relocation expenses shall include reimbursement on Employee for his private anon mileage and incidental expenses fm travel to Bangor with one vehicle. Such expenses shall also include up to ninety (90) days storage fees for household goods. Employer shall also reimburse employee for one additional trip to Danger for purposes of purchasing or otherwise obtaining a family residence, such reimbursement to include expenses associated with employee's family members. Should employee be required to make double payments for his residences in Deerfield, Illinois and Bangor, Maine during the period from August 14, 1995 through November 14, 1995, Employer will reimburse Employee fm up to three (3) months of the Employee's existing mortgage or housing payments in the Bangor area, whichever is lesser, to avoid duplicate housing payments. In the event Employee's home in Deerfield, Illinois is sold in less than three (3) months, payments will be made by the City for the period in which duplicate housing payments are required. On the commencement of this Agreement Employee shall be credited with five (5) days of vacation leave and five (5) days of sick leave. Thereafter, Employee shall have credited to his personal account, sick leave at the same rate as other employees of Employer. Employee shall have credited to his personal account fifteen (15) days of vacation per year for the fast six (6) full years of employment Thereafter, vacation shall accrue at the same rate as other employees of the Employer. Vacation leave may be taken by the Employee M any time so long as his absence does not mressonably interfere with the operations of the City and such leave is approved in advance by the City Manager. Employer agree to provide Employee with all categories of fiinge benefits m the same amounts and coverages as she provided from time to time by Employer to other employees of the qty of Baogor except as voted elsewhere in this Agreement. In addition to the salary bo be paid by Employer to Employee, Employer agrees to pay into the ICMA401-A program an amount equal to 7.5°%of salary and into the ICMA-457 program an additional 2.5% of salary in lieu of Employee mtjoioing the Maine State Retirement System. 52dd:[Sf{}2L1 Employer shag defend, save harmless and indemnify Employee against soy tort, professional liability claim or demand or other legal action, whether groundless or otherwise, arising out of an alleged act or omission occurring in the performance of Employee's duties as Director of Finance. Employer will compromise and settle my such claim or suit and pay the anmmr of any settlement mjudgemeot rendered therein. Employer shall bear the fug cost of my fidelity or other bonds required of the Employee order my law or ordinance. The City Manager, in consultation with the Employee, shall fu: any such other terms and conditions of cmploymmt, as may be determined from time to time, relating to the performance of Employee, provided such terms and conditions are nM memeastent with or in conflict with the provisions of this Agreement, the Charter or my other law. Employee shall establish residence within the corporate limits of the City of Bangor on or before February 14, 1996. FNn1Fif.[r[M Notices Parnassian to this Agreement shall be given by deposit in the custody of the United Stares Postal Service, postage prepaid addressed as follows: (1) Employer: City of Bangor 73 Harlow Street Baagoq ME 04401 Atm: City Manager (2) Employee: Ronald 1. Hcller 1065 Cherry Street Deerfield, Minis 60015 Alternatively, notices required Panamint to this Agreement may be personally served in the same manner as is prescribed for personal services of process under the Maine RWes of Civil Procedure. Notice shall he deemed given as of the data of personal service car as of the data of deposit of such written notice in the coarse of transmission m the United States Postal Service. A The text herein shall constitute the entire Agreement between the parties. B. This Agreement shall be binding upon and inure to the benefit of the heirs at law and executors of Employee. C. This Agreement shall become effective commencing August 14, 1995 or when Employee assumes the position ofDirecior of Finance, whichever shall occur fust D. If my provision, or my portion thereof, contained in this Agreement is held unconstitutional, invalid or unenforceable, the remainder of this Agreement or portion thereof shag be deemed severable, shall not be affected and shall remain in full force and effect IN WITNESS WHEREOF, the City of Bangor has caused this Agreement to be sued and executed m its behalf by its Council Clummu , and duly attested by as City Clerk and the Employee has signed and executed this Agreement, both in duplicate, the day read yew Bret above written. BANGOR CITY COUNCIL WE ATTEST: City Clerk (Seal) APPROVED AS TO FORM: City Solicitor Edward A. Barrett City Manager It's matwl[� Ronald L Heller 95-320 1065 Cherry Street Deerfield, Illinois 60015 Career Summary Skilled in project management, organizational planning and complex financial and market analysis. More than twenty years of professional experience in government, not-for-profit health care, fracture, and capital markers. Graduate degrees in both public and business administration. professional Experience Vice President and C Bead. CONDOMt Seculitial CUSlit Ituearch, First Ciudad Capitol Marked, Chicago, Rlinais, March, 1994 to present. • Conduct applied research in all facets of fixed income securities, including financial and market analysis, pricing and investor behavior. • Planned, created and co -manage a four -person group providing analytical, training and relationship support m the firm's fixed income origination, sales and trading groups. • Work closely with a diverse group of senior managers and financial professionals in planning and orgardvng the firm's overall corporate securities smandly. • Regularly develop computer-based programs for a variety of uses, including yield spread analysis and income reporting. Vice President end Mmas en Municla d Research, First CLicaao Capitol Marken Chicago, Rlimis. 1985 to 1994 • Regularly researched the political, economic and social issues underlying the financial condition of state and local government and health care organizations • Provided specialized financial advisory and other services to a variety of public debt issuers. • Participated in the structuring and placement of new issues originated by the firm's public finance group in virtually all market sectors. • Monitored the credit quality of a $1 billion pork'alio, and analyzed the risks ofboth new issue and secondary market securities underwritten and/or traded by the firm. • Introduced duration, interest rate risk management and porrmho immunization concepts to the municipal bond department, and provided ongoing training in these and other topics. • Edited, published and wrote Munil um, a municipal market newsletter for retail investors. Ronald L Heller 1665 Cherry Street Deerfield, Illinois 66615 95-330 Co is and Investment BankingOR r/F' 'a AnaAnovont Health, Education, and Muaapaites Division, Public Finance Division, and Tramution Suppmt Team, Ent Natural Bank of Chicago, Chicago, Illinois. 1982-85. Structured and analyzed financings for a wide range of both tax-exempt and taxable organiza- tions. Developed and executed a marketing plan that successfully introduced First Chicago to the south central United States. Designed and managed. a Lotm-based cash flow model used by the state legislature, governor and mayor in evaluating a proposed Chicago world's fair. Completed the bank's management and corporme finance training programs. Pn'ect Mamaeen glar1¢6ng Research end Development Group, Blue Canis and Blue Shield Assoclatom, Chicago, Dlirois. 197&82. Managed a demonstration of alcohol and drug abuse treatment benefits. Directed the development and execution of new marketing strategies, provider relations, rambursenent and utilization review mechanisms. Coordinated the work of more than a dozes executives and professionals m three major Blue Cross plans and the Associations. Maintained and expanded funding relationships with three federal agencies. Raaioml Coo sursom Mane Heath Systems Agency, Prwg Isle, Mane. 197&79. Represented the agency within a large, rural county. Worked closely with hospital adminis- trators, providers and consumers with respect in planning and certificate of need processes Special Assistant In - We Sumerinfeedent Bangor Mental Heath Imtib,se, Bangor, Maine. 1977-78. Conducted several management and service delivery studies for the superintendent of the state's principal inpatient mental health facility. Worked closely with she superintendent in refining staff organization and personnel policies to improve service delivery. Prior Eknerience. Primarily alcohol and drug abuse counseling, supervision and administration. Education Universityof Chicago Graduate School of Busing; Chicago, Illinois. 1984. Mercer ofPubl' Ad ' 'stied n University of Maine, Comm, Maine. 1978. Bachelor of Arts. Maine University, Hempstead, Nese York. 1971. "' Rondd L Heller 1065 CTerry Street Deerfield, Dlinois 60015 Research Studies end Publications Survey of Health Cme Investors. March, 1995, September, 1992 and June, 1990, CotumbiarHCA Comomtion November, 1994, The Cldc o Board of Education May, 1993, 95-320 Snores of Part Investors. December, 1992. Survey of State Cenerd Foods, with C. Diondlevi, February, 1992, no Pte tial Worts of the 1990 Census on the 20 l.west U.S. ❑lies. with C. Dimallevi, J. Faume, T. Tan, October, 1991. Chicm Area Revenue Rood Issuers. November, 1990, Mw Northeastern Efirmis Redbsmal'lYms Aulh with C. Diotallevi, December, 1989. ]he Psi 'od Uses of Duration in a Commertial Bmkne. Environment with J Gislason, Blinois Banker October, 1988, Professional Membershim mod Licenses Natiand Feeleration of M' it d And Governor (1993 to 1995); Chairman, 1994 Conference Committee; Fund Rdsing Chairman, 1995 Conference Committee; Former Member, Committee on Industry Standards and Practices. aieftoMunbripalAwdystsSodettv President (1992-93), vice President (1991-92), Secretary (1990-91), Treasurer (1989-90), Director (1987-88). Public Securities Association: Member, Mmicipal Credit Research Committee and its Subcommittee on Municipal Derivatives. Nm moil Association of Securities D¢ders (NASD) Ucenses: Series 24 (General Secure ies Principal), Series 53 (Municipal Securities Principal) and Series 63 (Stam Securities).