AGENDA MEMORANDUM

 

 

Meeting Date:           May 8, 2006

 

From:                          Ron Stock, City Manager        

 

Subject:                      Resolution authorizing amendment to Ron Stock’s Employment Contract

 

 

Staff Recommendation:

Staff recommends approval of annual increase to Ron Stock, City Manager in the amount of 5% of current salary (from $123,000 to $129,150) effective April 1, 2006.

 

Analysis:

The Mayor and City Commissioners completed the Performance Evaluation and Planning forms were completed by the Mayor and City Commissioners with the following results:

 

Four annual overall ratings of “Exceeds Expectations” and one “Meets Expectations” were received.  These ratings entitle the employee to a 6% increase under guidelines established by the Commission.  It is our recommendation that a 5% increase of ($6,15039) be approved (from $123,000 to $129,150).

 

Also, it is recommend that the same employee retirement benefits set forth in Resolutions 4152,  4846, and 7328 be added to Mr. Stock’s present contract, as described in the attached Resolution.

 

Options:

 

1.  Approve the amended Employment Contract with Ron Stock with a 5% annual increase; or

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact:

The City will incur an additional $3,069310.48 plus which includes the appropriate taxes for the remainder of this fiscal year in the Executive/Administration’s budget.

 

Submission Date and Time:    5/5/2006 12:53 PM5/3/2006 1:02 PM5/3/2006 10:10 AM5/2/2006 11:25 AM5/2/2006 9:39 AM____

 

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager _________RS__________

 

Account No. 0 _01-1221-512-11-10________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget        ______$125,000________________

 

Available ____$ 63,379_________________


 

 RESOLUTION NO._______________

 

 

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO APPROVE AN EMPLOYMENT AGREEMENT BETWEEN RON STOCK AND THE CITY OF LEESBURG; AND PROVIDING AN EFFECTIVE DATE.

 

WHEREAS, the City of Leesburg and Ron Stock have previously entered into a Contract for Services dated July 8, 2002; and

 

WHEREAS, said contract provides for amendment by Resolution; and

 

WHEREAS, the parties desire to amend that contract and extend its term.

 

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

 

THAT the Contract for Services dated July 8, 2002 shall be amended as follows:

 

1.        Base Salary.  Employee’s base salary shall be increased to $129,150 effective April 1, 2006.

2.        Retirement Benefits.  Employee shall be entitled to receive health insurance benefits on retirement in accord with Resolution No. 4152 as amended by Resolutions No. 4846 and 7328 on the same terms and conditions as those benefits are provided to other employees (at age 58, although the employee may cover the costs prior to age 58 in the event that employee retires prior to reaching the age 58 and limited in cost to the City of $400 a month) as though employee had been employed by the City of Leesburg for more than fifteen (15) years.

 

THAT in all further respects, the Contract for Services shall remain unchanged and in full force and effect.

 

            THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg,

 

Florida, at a regular meeting held the __8th___ day of __May_______ 2006.

 

 

                                                                            __________________________

                                                                             Mayor

ATTEST:

 

__________________________

City Clerk