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HomeMy WebLinkAboutTC Res 2019-06-05 (2) RESOLUTION NO. 19-2019 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON PROVIDING A LUMP-SUM RETENTION INCENTIVE TO THE TOWN MANAGER AND APPROVING THE THIRD AMENDMENT TO TOWN MANAGER'S EMPLOYMENT AGREEMENT WHEREAS, on December 22. 2016. the Town Council approved a contract for the employment of Gregory Chanis to the position of Town Manager ("Manager's Agreement"); and WHEREAS, on February 1. 2017. the Town Council entered into a First Amendment to the Town Manager's Employment Agreement (``First Amendment"); and WHEREAS, on March 21. 2018. the Town Council entered into a Second Amendment to the Town Manager's Employment Agreement ("Second Amendment"); and WHEREAS, the Town Council conducted the Town Manager's performance evaluation onMay 1, 2019; and WHEREAS, the Town's policy is to offer compensation packages that are competitive with similar employers for similar positions so as to maintain the highest quality staff to serve the public. After completing the Town Manager's annual review, the Council has decided to modify the Manager's Agreement and compensation as set forth in the Third Amendment to Town Manager's Employment Agreement attached hereto and incorporated herein. NOW, THEREFORE. BE 1T RESOLVED by the Council of the Town of Tiburon as follows: Section 1. Payable on the first regular payroll following adoption of this Resolution, the Town Manager shall receive a lump-sum retention incentive of$2,625 (subject to applicable payroll taxes). Section 2. Payable follow in(,, adoption of this Resolution, the Town Manager shall receive a one time lump-sum employer contribution of$5.000 to a Town-sponsored tax-deferred retirement plan, . and hereby authorizes the Mayor to sign the attached Third Amendment to Town Manager's Employment A�grecment. PASSED AND ADOPTED at a regular meeting., of the Town Council on Tune 5, 2019. by the following vote: AYES: COUNCILMEMBIRS: Fraser. Fredericks, Kulik, Thier NAYS: COUNCILMEMBERS: None ABSENT: COUNCILNIEMBERS: Weller Page 1 of 2 Town Council Resolution No. 19- 2019 06/05/''019 DAVID KULIK. MAYOR TOWN OF TIBURON ATTEST: LEA STEVANI.JOWN CLERK Page 2 of 2 Town Council Resolution No. 19- 2019 06/05/2019