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THIRD AMENDMENT TO THE EMPLOYMENT AGREEMENT BETWEEN THE CITY
OF FOSTER CITY AND STEFAN CHATWIN
This document constitutes the Third Amendment to the Employment Agreement entered into as of the 21st day of June, 2022 by and between the City of Foster City/Estero Municipal Improvement District hereinafter called “City/District” and Stefan Chatwin, hereinafter called “Employee”.
The Third Amendment is entered into with reference to the following facts and circumstances:
A. Paragraph 7 of the Employment Agreement shall be amended to read as follows:
7. Effective July 1, 2025, City/District agrees to pay Employee $337,910 in base salary per year during the remaining term of this Agreement for his services. All salary payments to Employee shall be payable in installments at the same time as the other employees of the City/District are paid and subject to the customary withholding. Increases in salary will be determined by the City Council/District Board as part of Employee’s performance evaluations, and in no case shall Employee’s annual salary increase exceed that of other across the board increases for Management Employees.
B. Paragraph 10(a) of the Employment Agreement shall be amended to read as follows:
10 (a) Housing Allowance: Upon providing proof of residency, effective July 1, 2025, City/District will pay to Employee $3,500 per month for housing assistance for a residential unit located within the City (“Housing Allowance”). This Housing Allowance is applicable to either a purchased or rental primary residence within the City. If Employee elects to obtain the Housing Allowance, the Employee shall not be entitled to obtain a City Loan, as outlined below. The Housing Allowance shall automatically increase by the San Francisco-Oakland-Hayward, CA, Rent of Primary Residence Index which is a subset of the Consumer Price Index on July 1st of each year during the remaining term of this Agreement for his services.
C. All other terms and conditions of the Employment Agreement shall remain in force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed on the date first above written by their respective officers duly authorized in that behalf.
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DATED: DATED:
CITY OF FOSTER CITY/
ESTERO CITY MUNICIPAL
IMPROVEMENT DISTRICT
By: STACY JIMENEZ, MAYOR/PRESIDENT STEFAN CHATWIN
ATTEST
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Priscilla Schaus, City Clerk/District Secretary
Approved as to Form
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Benjamin Stock, City Attorney/District Legal Counsel