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95-8301r 74 RESOLUTION NO. 8301 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 section 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: 1. Section 5. Salary: Employer agrees to increase the City Manager's base salary of $85,007 by 2.5% to $87,131: effective September 1,1995 and .5% to $87,568 effective March 1, 1996, payable in installments at the time as other employees of the employer are paid. 2. Longevity Pay: Longevity pay shall be granted to the City Manager in accordance with the benefit plan in effect at the time of employment. Passed by the City Council of the City of Richfield, Minnesota this 11th day of December, 1995. ATTEST: -/io"r=J P I:2k1.> Thomas P. Ferber, City Clerk