Agenda #: 7.1
Meeting Date: November 21, 2023
TO: Honorable Mayor and Members of the City Council
FROM: Daniel Fox, City Manager
TITLE: FOURTH AMENDMENT TO CITY MANAGER EMPLOYMENT
AGREEMENT.
STRATEGIC
GOAL: Open, Engaged & Responsive Government
RECOMMENDATION:
Consider adoption of Fourth Amendment to City Manager Employment Agreement.
FINANCIAL IMPACT:
There are sufficient City funds to cover the $5,000 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 Fourth Amendment would provide for a one-time additional contribution of $5,000 (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 2023-24 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 $5,000 to the City's 457 deferred compensation plan is to be made on behalf of the City Manager on or about January 1, 2024, for the 2023-24 Fiscal Year.
LEGAL REVIEW:
The City Attorney has reviewed and approved the amended agreement as to form.
PREPARED BY:
REVIEWED BY:
Attachments:
1. 7.1.a Fourth Amendment City Manager Contract