92-7932R84
RESOLUTION N0. 7932
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 salary of 579,638 by 1$ effective September 1,
1992, payable in installments by the same time as other employees
of the employer are paid.
Section 13, Retirement: Employer agrees to increase the
deferred compensation contribution to an approved plan as
selected by the City Manager from 5.48$ to 7.98$ of base salary
effective September 1, 1992, in equal proportionate amounts each
pay period.
Passed by the City Council of the City of Richfield, Minnesota
this 9th day of November, 1992.
ATTEST:
~~ 1Gti~~
Martin J. 'rsch, Mayor
Thomas P. Ferber, City Clerk