Motion made and approved by the City Council to direct staff to prepare necessary documents to implement an $11.50 living wage for city workers and return for approval as soon as possible; as to contract employees, direct staff to prepare the necessary documents and return for approval of implementation no later than January, 2005; funds are to come out of the $300,000 set aside for employee benefits, wage not applicable to apprenticeship or internship positions that are normally excluded in labor negotiations by mutual consent; applicable to contracts that have a $50,000 floor for services, not goods; non-profits and governmental agencies to be exempt from the wage; and living wage to be subject to cost of living adjustments in years that the City provides a cost of living adjustment to its employees.