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Minutes of the Regular Meeting of Council <br />Monday, January 23, 2017 - <br />Page 29 <br />Mr. Wynne continued, the Health Reimbursement Arrangement will cover. the full deductible of <br />$2,000 or $4,000 if the employee needs it. If they don't need it, the inoney not used coines back <br />to the Village at the end of the year. It is anticipated that that alnount will be about 40% of thaf <br />$166,000 number based upon what past experience shows us in the Plan. The goal is that at the <br />end of this year, this will be the last year for the MERP and we will be fully on the HRA which <br />will result in savings for the Village going forward: <br />Mr. Jerome asked, what has the MERP generally cost us each year on ayerage? <br />Mr. Wyrine replied, about $210,000. <br />Mr. Jerome asked, even if the HRA paid everything, $160,000. would be the top we would pay. <br />Council President Saponaro stated, $166,000. <br />Mr. Wynne replied, correct. If we did all MERP this year the way we have done in the past, you <br />can take the $30,000 and double it because we are only covering 50% of the deductible with the <br />MERP so it would be $166;000 plus the $60,000, so the MERP would have been $226,000 so we <br />have already saved $30,000 the way we are offering it and hope to save an additional amount on <br />the HRA as the experience shows throughout the year. <br />Council President Saponaro asked, does that make sense to everybody? The high end of the <br />HRA is the $166,000 but that does not mean that is what is going to be utilized. Gerierally in the <br />past it has been 60-70%. <br />Mr. Wynne replied, yes. $166,000 is worse case. <br />ROLL CALL: AYES: All <br />NAYS: None <br />Motion Carried <br />Expenditure Approved <br />Motion to authorize expenditure in the amount of $9,020.98 to Cleveland Water <br />Department for Annual I3ydrant Fee for 8017. (Fire Department) <br />Mrs. .Mills, seconded by Dr. Parker, made a motion to authorize expenditure in the amount of <br />$9,020.98 to Cleveland Water Department for Annual Hydrant Fee for 2017. (Fire Department) <br />Council President Saponaro asked, discussion? <br />There was none. <br />ROLL CALL: AYES: All Motion Carried <br />NAYS: None Expenditure Approved