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98-8663r 23 RESOLUTION NO. 8663 RESOLUTION AMENDING THE LETTER OF UNDERSTANDING BETWEEN THE CITY OF RICHFIELD AND JAMES D. PROSSER, CITY MANAGER NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota as follows: The following sections of the Letter of Understanding between the City of Richfield, Minnesota and James D. Prosser, City Manager, dated July 14, 1986 is amended as follows: Section 5. Salary. Employer agrees to increase the City Manager's base annual salary of $93,371.20 by 3.5% to $96,636.80 effective September 1, 1998, payable in installments at the time as other employees of the employer are paid. Approved by the City Council of the City of Richfield, Minnesota this 14th day of December, 1998. ATTEST: ,~p~~ Thomas P. Ferber, City Clerk