2012-060 - Town of LG and the TM with no net change to the total received compensation, and authorizing the Mayor signatureRESOLUTION 2012 -060
RESOLUTION OF THE TOWN OF LOS GATOS APPROVING AN
UPDATED AGREEMENT BETWEEN THE TOWN OF LOS GATOS AND
THE TOWN MANAGER WITH NO NET CHANGE TO THE TOTAL
RECEIVED COMPENSATION, AND AUTHORIZING THE MAYOR TO
SIGN THE UPDATED AGREEMENT
WHEREAS, Town and Greg Larson executed an Agreement effective January 7, 2008 to
establish the terms and conditions of employment as Town Manager of the Town of Los Gatos;
WHEREAS, the Town Manager's performance is reviewed by the Town Council and a
thorough review of the Agreement is conducted on an annual basis;
WHEREAS, a First Amendment to the Agreement was adopted in January 2009 to
provide a lump -sum bonus of 3% of salary and no further bonuses or salary increases have been
made due to ongoing economic and fiscal conditions;
WHEREAS, it is necessary to update the Employment Agreement to incorporate new
contract language as established in State law and to reflect the desire to provide increased
compensation flexibility with no net change to the total received compensation;
RESOLVED, by the Town Council of the Town of Los Gatos, County of Santa Clara,
State of California, that the Town Council approves the Amendment to Agreement between the
Town of Los Gatos and Greg Larson and that the Mayor is hereby authorized to sign the
agreement on behalf of the Town Council.
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PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 5th day of November, 2012 by the following vote:
COUNCIL MEMBERS:
AYES: Steven Leonardis, Diane McNutt, Joe Pirzynski, Barbara Spector, and Mayor Steve Rice
NAYS:
ABSENT:
ABSTAIN: '
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST: „ Q •
CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
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