Title
Approval of Amendment to the City Manager's Employment Contract
Recommended Action
City Manager Recommendation:
Move to approve and authorize the Mayor to sign an amendment to the City Manager's Employment Contract granting a Cost of Living Adjustment Increase in the amount of 3%, effective January 1, 2015.
Report
Issue:
Consider granting a 3% Cost of Living Adjustment to the City Manager.
Staff Contact:
Steven R. Hall, City Manager, 753-8447
Presenter(s): N/A
Background and Analysis:
The City employs the City Manager pursuant to an employment agreement executed originally in 2003. The agreement provides that the City Manager may request adjustments to his annual compensation and a performance bonus.
For 2015, the City Manager is requesting a Cost of Living Adjustment of 3%. This is the same percentage budgeted for other non-represented employees of the City. On December 19, 2014, the City Council approved, on first reading, a budget ordinance which included funding for a 3% Cost of Living Adjustment for independent employees. The City Manager is not requesting a performance bonus.
The City Council held an Executive Session on December 9, 2014 for the purpose of reviewing the performance of the City Manager.
Options:
1. Approve the Cost of Living Adjustment request of 3%.
2. Modify the amount.
3. Deny the request.
Financial Impact:
$4,597.81