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agenda-report THIRD AMENDMENT TO CITY MANAGER EMPLOYMENT AGREEMENT.

Diamond Bar City Council
October 18, 2022

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agenda-report THIRD AMENDMENT TO CITY MANAGER EMPLOYMENT AGREEMENT.
Meeting
October 18, 2022
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Diamond Bar City Council
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Text extracted from the city's file for reading and search. Open the original on diamondbarca.iqm2.com. That file is the official record.

Agenda #: 6.1
Meeting Date: October 18, 2022
TO: Honorable Mayor and Members of the City Council
FROM: David A. DeBerry, City Attorney
TITLE: THIRD AMENDMENT TO CITY MANAGER EMPLOYMENT
AGREEMENT.

STRATEGIC
GOAL: Open, Engaged & Responsive Government
RECOMMENDATION:

Consider adoption of Third Amendment to City Manager Employment Agreement.

FINANCIAL IMPACT:

There are sufficient City funds to cover the $4,734 one-time additional contribution.

BACKGROUND:

Daniel Fox was hired as City Manager effective July 10, 2017. The City Council recently completed his performance evaluation. The proposed Third Amendment would provide for a one-time additional contribution of $4,734 (equivalent to one week’s salary) to the City’s 457 Deferred Compensation Plan on behalf of the City Manager.

The one-time contribution would be made during the City’s 2022-23 Fiscal Year. All other terms and conditions of the current Employment Agreement would remain the same.

Pursuant to Government Code § 54953, an oral report summarizing the recommended change in compensation in the form of fringe benefits to the City Manager’s Employment Agreement is required. The summary is as follows:
• A one-time contribution in the amount of $4,734 to the City’s 457 deferred compensation plan is to be made on behalf of the City Manager on or about January 1, 2023, for the 2022-23 Fiscal Year.

LEGAL REVIEW:

The City Attorney has reviewed and approved the amended agreement as to form.

PREPARED BY:

REVIEWED BY:

Attachments:

1. 6.1.a 2022 Third Amendment City Manager Contract

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