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AMENDMENT NO. 3 TO CITY MANAGER’S
EMPLOYMENT AGREEMENT
This Amendment No. 3 ("Amendment 3") to that certain Employment Agreement dated February 21, 2018 by and between the City of Manhattan Beach, a municipal corporation ("City") and Bruce Moe ("Employee") is entered into on March 22, 2023.
RECITALS
A. City and Employee entered into an employment agreement on February 21, 2018, setting forth Employee's duties and responsibilities as City Manager for the City.
B. On April 2, 2019, City and Employee entered into Amendment No. 1 providing for a three percent merit increase to Employee's base salary and a cell phone allowance in lieu of providing a smart phone.
C. On November 5, 2020, City and Employee entered into Amendment No. 2:
providing a three year extension of the term of the Agreement to February 5, 2024; and modifying certain benefits. Hereinafter, the agreement, as amended by Amendments No. 1 and No. 2, is referred to as "the Agreement."
D. The parties want to provide a three year extension of the term of the Agreement and increase Employee's annual base salary to $308,165.04.
NOW, THEREFORE, the Parties hereby amend the Agreement as follows:
Section 1. Section 1 (Term) of the Agreement is hereby revised to read
"1. TERM. Employee commenced his service as City Manager on February 6, 2018, which shall also be deemed the effective date of this Agreement ("Effective Date"). Unless sooner terminated as provided in this Agreement, the term of this Agreement shall expire on February 5, 2027, unless extended. However, nothing in the Agreement is intended to prevent employee from resigning with at least 60 days' written notice."
Section 2. Section 4(A) (Base Salary) of the Agreement is hereby revised to read:
"A. Base Salary.
(1) Monthly Base Salary and Increases.
a. For the period of February 6, 2018 through April 5, 2019, City shall pay Employee a monthly base salary of $21,250.
b. Effective April 6, 2019, City shall pay Employee a monthly base salary of $21,887.50.