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
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
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Department: ______________________ Prepared by:
______________________ Attachments: Yes____ No ______ Advertised: ____Not Required ______ Dates: __________________________ Attorney Review
: Yes___ No ____
_________________________________ Revised
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Reviewed by: Dept. Head ________ Finance Dept. __________________ Deputy C.M. ___________________ Submitted by: City Manager _________RS__________
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Account No. 0 Project No.
___________________ WF No.
______________________ Budget _ Available __ |
RESOLUTION NO._______________
A
RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
WHEREAS, the City of
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
THAT the Contract for Services dated
1.
Base Salary. Employee’s base salary shall
be increased to $129,150 effective
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
__________________________
Mayor
ATTEST:
__________________________