DRAFT 1/10/2024 ____
T-HRD-160168.001/71495 1
RESOLUTION NO. ______
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SUNNYVALE APPROVING AN EXCEPTION TO THE
SIX MONTH HOME LOAN PROGRAM REPAYMENT
REQUIREMENT TO ALLOW AN EXTENDED
REPAYMENT TERM FOR THE CITY MANAGER BASED
ON HIS YEARS OF SERVICE TO THE CITY
WHEREAS, the City of Sunnyvale City has a long-standing Executive Mortgage Assistance Program (most recently updated and restated in Resolution No. 933-19; the “Program”) available to Council appointed officers, department directors, and Assistant and Deputy City Managers. The Program was enacted to enhance the City’s ability to hire and retain top quality executives, as well as encourage executives to live within Sunnyvale corporate limits; and
WHEREAS, the current City Manager, Kent Steffens, was hired as the City’s Public Works Director on August 1, 2011, later promoted to Assistant City Manager, and appointed by the City Council as City Manager in January 2018; and WHEREAS, in 2012 Steffens exercised his rights under the Program and purchased a residence within Sunnyvale City limits with a loan from the City which remains in good standing; and
WHEREAS, pursuant to the terms of the existing Executive Mortgage Assistance Program and his Housing Assistance Agreement, Steffens will be required to repay the loan to the City within 6 months of separation from employment or when the residence ceases to be used as his primary residence, or within 1 year of the date of his death or retirement for disability; and
WHEREAS, in discussing compensation with the Council, Steffens requested an extension to the repayment term on his separation of employment based on his years of service with the City; and
WHEREAS, the City Council is amenable to such an extension in the interest of retention, as an incentive for Steffens to continue serving as City Manager
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SUNNYVALE THAT:
1. Notwithstanding any other provision of the City of Sunnyvale Executive Mortgage Assistance Program, the time for the current City Manager, Kent Steffens, to repay the Loan following his separation from employment shall be extended from six months to the number months equal to the number of Steffens’ full years of service with the City, based on his Attachment 2
T-HRD-160168.001/71495 2
original hire date of August 1, 2011. Staff is directed to work with the Mayor to amend Steffens’ Housing Assistance Agreement to reflect this change.
2. Except as documented in this resolution and the amendment to Steffens’ housing assistance agreement, the Executive Mortgage Assistance Program (Resolution No. 933-19) shall remain unchanged.
Adopted by the City Council at a regular meeting held on February 6, 2024, by the following
vote:
AYES:
NOES:
ABSTAIN:
AB
SENT:
RECUSAL:
ATTEST: APPROVED:
__________________________________ _________________________________
DAVID CARNAHAN
City Clerk
LARRY KLEIN
Mayor
(SEAL)
APPROVED AS TO FORM:
___________________________________
REBECCA L. MOON
Interim City Attorney
Attachment 2