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Agenda Item 29.

City Council Meeting

Meeting Date:	11/15/2022
FROM:	Terence Boga

Subject:

City Manager Employment Agreement Amendment No.2 - Adoption of Resolution No. 2022-073

RECOMMENDATION

Adopt Resolution No. 2022-073 approving amendment No.2 to the City Manager's Employment Agreement.

BACKGROUND/DISCUSSION

On July 21, 2015, the City Council promoted William Gallardo to the position of City Manager and approved a three-year employment agreement. On February 20, 2018, the City Council extended his contract for an additional term of five years to June 30, 2023. The City Council recently reviewed the current agreement's terms on November 1, 2022. Following the meeting, the City Attorney prepared an amendment to the City Manager employment agreement as follows:

Five-Year Term Extension. The contract is currently set to expire on June 30, 2023. The proposed amendment will change the expiration date to June 30, 2028.

Monthly base salary adjustment of 3% effective November 26, 2022

Monthly base salary adjustment shall further be increased by 3% on November 18, 2023

City will make a contribution match into employee's 401 plan or 457. A match up to 8% of employee's base salary, up from the current City contribution match of 5%, effective November 26, 2022.

FISCAL IMPACT/SUMMARY

The proposed contract amendment will adjust the City Manager's base salary by 3% this year and 3% a year from now. In addition, an increase to the employee's 401 Plan match from 5% to 8%. The fiscal impact in FY 2022-23 is $19,676, and the fiscal impact in FY 2023-24 is $12,114. The current budget projected a base salary increase of 3%; therefore these costs have been included and will be factored into the current and future City Budgets.

RESPECTFULLY SUBMITTED:

William Gallardo, City Manager
Prepared by: Terence Boga, City Attorney
:

Attachments
Resolution