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Approval of Physician Recruitment and Retention Agreement Between City of Valdez and Dr. Samuel Shirk
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SUBMITTED BY: Sheri Pierce, MMC, City Clerk
FISCAL NOTES:
Expenditure Required: $300,000 Total Expenditure; $60,000 2018 Funds.
Unencumbered Balance: $350,000
Funding Source: 350-0200-55000
RECOMMENDATION:
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SUMMARY STATEMENT:
The city council has determined that an insufficient number of physicians presently serve the community, and the high turnover rate of physicians practicing within the City of Valdez is detrimental to the health and wellbeing of Valdez citizens and that recruiting and retaining highly capable physicians to practice in the City of Valdez requires competitive pay and benefits. Therefore it has been determined that offering a financial incentive in addition to regular pay and benefits is necessary to compete in the marketplace for the purpose of retaining skilled physicians to practice medicine in Valdez.
Dr. Samuel Shirk has accepted employment to practice medicine full time in the City of Valdez and intends to continue practice within the city in accord with this Physician's employment contract.
Within sixty (60) days of execution of this Agreement the City will provide Physician with a Sixty Thousand Dollars ($60,000) recruitment and transition payment. The $60,000 recruitment and transition payment is compensation for Physician working as a full time employee practicing medicine in Valdez for a (12) month period after execution of this Agreement. If Physician voluntarily or as the result of termination for cause fails to work as a full time employee practicing medicine in Valdez for a period of twelve (12) months after execution of this Agreement, the $60,000 recruitment and transition payment shall be repaid to City on a prorated basis at a daily rate of $164.38.
The City shall pay Physician up to sixteen (16) quarterly retention payments in the amount of Fifteen Thous...
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