CITY COUNCIL AGENDA REPORT
MEETING DATE: 6/18/2024
DEPARTMENT: City Attorney
SUBJECT:
SIXTH AMENDMENT TO CITY MANAGER EMPLOYMENT AGREEMENT
RECOMMENDED ACTION(S):
Approve the Sixth Amendment to City Manager Employment Agreement and authorize the Mayor to execute and the City Clerk to attest the document.
EXECUTIVE SUMMARY:
The City Council recently completed the annual evaluation process for the City Manager. As a result of a positive evaluation, the Council directed the City Attorney to prepare the attached Sixth Amendment to City Manager Employment Agreement (“Sixth Amendment”) providing for an increase to the City Manager’s base salary, an increase to the City Manager’s annual deferred compensation contribution equal to the IRS annual maximum deferral limit ($23,000 in 2024), and a one-time bonus of $12,000.
Debra D. Rose has served as the City Manager of the City of Lake Forest since 2017. In line with previous years, the City Council and Ms. Rose have reviewed and agreed upon the terms of employment including salary, benefits, procedures for annual performance evaluations, and authorized compensation adjustments and additional benefits as set forth in the proposed Sixth Amendment.
FISCAL IMPACT:
Effective July 1, 2024, the proposed Sixth Amendment provides for an increase of $16,706 to the City Manager’s current base salary of $278,440 for a total base salary of $295,146, a contribution of $23,000 to her 457(b) deferred compensation plan and a one-time lump-sum non-PERSable $12,000 bonus.
The 2023-2025 Operating Budget includes sufficient funding to cover the costs of the recommended action.
ATTACHMENTS:
1. City Manager Employment Agreement
2. First Amendment to City Manager Employment Agreement
3. Second Amendment to City Manager Employment Agreement
4. Third Amendment to City Manager Employment Agreement
5. Fourth Amendment to City Manager Employment Agreement
6. Fifth Amendment to City Manager Employment Agreement
7. Proposed Sixth Amendment to City Manager Employment Agreement Initiated By: Shelly Cisneros, Human Resources Manager
Submitted By: Matthew Richardson, City Attorney
Approved By: Keith Neves, Assistant City Manager