HomeMy WebLinkAboutCC Res 4333 1994-09-12
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RESOLUTION NO. 4~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL
BEACH, CALIFORNIA, INCREASING COMPENSATION FOR THE
POSITION OF CITY MANAGER, APPROPRIATING FUNDS THEREFOR,
AND APPROVING AN AMENDMENT TO THE EMPLOYMENT AGREEMENT
WITH THE CITY MANAGER
WHEREAS, the city Council hired Jerry Bankston to perform the
duties of City Manager and Executive Director of the Seal
Beach Redevelopment Agency effective June 4, 1991; and
WHEREAS, the City Council authorized periodic performance
evaluations; and
WHEREAS, based upon Mr. Bankston's performance, the city Council
desires to increase Mr. Bankston's salary and deferred
compensation.
NOW, THEREFORE BE IT RESOLVED that the City Council take the
following action:
1. The City shall pay to the City Manager the monthly salary
rate of $7,081.25, effective July 1, 1994.
2. 'The city shall contribute $147.60 per pay period to the
city's Deferred Compensation Plan on behalf of the city
Manager, effective July 1, 1994.
3. That certain amendment number one dated September 12,
1994 and attached hereto as Exhibit A, amending the
agreement between the City and the City Manager is hereby
approved.
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4.
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ATTEST.:
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
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I, Joanne M. Yeo, City Clerk of the City of Seal Beach, California,
do hereby certify th~the foregoing resolution is the original copy
of Resolution Number 3~ on file in the office of th City C rk,
passed, approved and adopted by the City Council of t e City S 1
Beach at a meeting thereof held on the ~ day 0
1994.
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Resolution Number ~3:3
AMENDMENT NUMBER ONE TO THE
CITY MANAGER EMPLOYMENT AGREEMENT
This Amendment Number One ("Amendment") is entered
into this Twelfth day of September, 1994, by and between the City
of Seal Beach, California, a Charter city ("city"), and Jerry
Bankston ("Employee").
RECITALS
A. Employee is and has been employed by City,
commencing June 5, 1991, as its City Manager.
B. On November 8, 1992, Employee and City entered
into an employment contract (the "Agreement"), formalizing the
employment relationship.
C. The parties desire to amend the Agreement to
increase the compensation of Employee.
NOW, THEREPORE, in consideration of the above recitals
and of the mutual promises set forth below, the parties hereby
agree:
1. Subsection B of Section 4 (SALARY) of the Agreement is
hereby amended to read as follows:
B. Adiustments.
i. Commencina Anril 1. 1992. Effective April 1, 1992,
city increased Employee's monthly salary to SIX THOUSAND
EIGHT HUNDRED SEVENTY-FIVE DOLLARS ($6,875).
ii. Commencina Julv 1. 1994. Effective July 1, 1994, City
shall pay Employee a monthly salary of SEVEN THOUSAND
EIGHTY ONE DOLLARS AND TWENTY PIVE CENTS ($7081.25).
2. Subsection H (Deferred Comnensation Plan) of Section 5
(Emnlovment Benefits) shall be amended to read as follows:
i. Employee shall be entitled to participate in city's
Deferred Compensation Plan in accordance with the
provisions of that Plan as it now exists or as it may be
changed from time-to-time in the future. city contributed
ONE HUNDRED DOLLARS ($100) per pay period to the Plan on
behalf of Employee for the period from June 1991-June 1994.
ii. Adiustments. Effective July 1, 1994, City shall
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Resolution Number ~~~
contribute ONE HUNDRED FORTY SEVEN DOLLARS AND SIXTY CENTS
($147.60) per pay period to the Plan on behalf of Employee.
Executed by the parties as of the date first
above written at Seal Beach, California.
EMPLOYEE
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CITY OP SEAL BEACH
A Charter city
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G e own
Mayor
Joanne Yeo, City Clerk
Approved as to form:
g2~f1~
Quinn M. Barrow
City Attorney