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92-7831R86 RESOLUTION NO. 7831 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, dated July 14, 1986, is amended as follows: Section 5, Salary:. Employer agrees to increase the City Manager's annual base salary of 575,801 by 2.5$ retroactive to September 1, 1990, and to increase the revised base salary by 2.5$ effective September 1, 1991, payable in installments by the same time as other employees of the employer are paid. Passed by the City Council of the City of Richfield, Minnesota, this 13th day of January, 1992. ~~~~ Martin J. 'rsch, Mayor ATTEST: ~~ ~ ~~ Thomas P. Ferber, City Clerk