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1981-167-Approving Amendments To The Town Manager Employment Agreement, To Be Effective July 1, 1981RESOLUTION NO. 1981 -167 A RESOLUTION APPROVING AMENDMENTS TO THE TOWN MANAGER EMPLOYMENT AGREEMENT, TO BE EFFECTIVE JULY 1, 1981 RESOLVED, that the current Town Manager Employment Agreement signed by the Town of Los Gatos and Town Manager David R. Mora on January 6, 1981, is hereby approved for amendment as indicated in the attached Exhibit "A "; and BE IT FURTHER RESOLVED that the Mayor is hereby authorized and directed to execute said amendments to agreement on behalf of the Town of Los Gatos. PASSED AND ADOPTED by the Town Council of the Town of Los Gatos, California, at a continued meeting, held this 27th day of July , 1981, by the following vote: AYES: COUNCIL MEMBERS Ruth Cannon, Thomas J. Ferrite, MarLyn J. Rasmussen, Brent N. Ventura and Peter W. Siemens NOES: COUNCIL MEMBERS None ABSENT: COUNCIL MEMBERS None ABSTAIN: COUNCIL MEMBERS None I Qrt SIGNED: %, M YOR, TO N LOS GATOS ATTEST: DEPUTY CLERK OF THE TOWN OF LOS GATOS TOWN MANAGER EMPLOYMENT AGREEMENT AMENDMENTS (Effective July 1, 1981) Section C.1 is amended to read that: "The base salary shall be $51,000. Town shall review said salary annually at the time of adoption of the budget." Section C.4 is retitled as follows: "ICMA Deferred Compensation Program ". Section C.4 is amended to read that: "Town will execute the standard agreement with the International City Management Association (ICMA) for Mora to participate in its Deferred Compensation Program, provided that Town contributions shall be limited to discretionary fringe benefit allocation funds available to Mora under the Town's Management Compensation Plan." EXHIBIT "A" AMENDMENT TO TOWN MANAGER EMPLOYMENT AGREEMENT This AGREEMENT is entered into this 14_6- day of ; 1981, and is effective as of the 1st day of July, 1981, by and between the TOWN OF LOS GATOS, a municipal corporation ( "TOWN "), and DAVID R. MORA ( "MORA "). RECITALS: 1. TOWN and MORA executed a Town Manager Employment Agreement on January 6, 1981. 2. The Town Council of TOWN has completed a performance evaluation of MORA. 3. MORA has requested that TOWN amend Section C.4. of the Agreement. AGREEMENT: In consideration of the foregoing recitals, and of their respective promises herein, the parties agree as follows: 1. Section C.I. of the Agreement is amended to read that: "The base salary shall be $51,000. TOWN will review said salary annually at the time of adoption of the budget." 2. Section C.4. of the Agreement is retitled as follows: "ICMA Deferred Compensation Program ". 3. Section C.4. of the Agreement is amended to read that: "TOWN" will execute the standard agreement with the Inter- national City Management Association (ICMA) for MORA to participate in its Deferred Compensation Program, provided that TOWN contributions shall be limited to discretionary fringe benefit allocation funds available to MORA under the TOWN's Management Compensation Plan." IN WITNESS WHEREOF, the parties have executed this Agreement on the date written above. ATTEST: ROSE E: ALDAG Clerk of the Town of Los Gato TOWN OF LOS GATOS /n By: 'r 'Mr r iemens, Mayor -2- David R. Mor