90-7609RRESOLUTION NO. 7609
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 pay employee for his
services rendered pursuant here to an annual base salary of
$75,800, effective September 1, 1989, payable in installments at
the same time as other employees of the employer are paid.
Employee shall also receive a 1$ increase in deferred
compensation.
Each January 1, the City will annually adjust the City
Manager's salary by adding an amount equal to the difference
between the maximum annual amount contributed by the City for
Management employees toward the family cost of health and dental
insurance coverages, and the total annual family premium costs of
these insurance coverages.
In addition, employer agrees to increase said base salary
and/or other benefits of employee in such amounts and to such
extent as the Council may determine that it is desirable to do so
on the basis of an annual salary review of said employee on or
about August 31 of each year.
Passed by the City Council of the City of Richfield,
Minnesota, this 26th day of February, 1990.
~~
Stev n J . Q rit Mayor
ATTEST:
Thomas P. Ferber City Clerk