Attachment 1SECOND AMENDMENT TO THE TOWN MANAGER EMPLOYMENT
AGREEMENT
This Amendment to Town Agreement AGR 15-172 is entered into this 16th day of January, 2018,
by and between the Town of Los Gatos, a municipal corporation (“TOWN”), and Laurel Prevetti
(“EMPLOYEE”).
RECITALS
WHEREAS, Town and Laurel Prevetti executed an Agreement effective September 2,
2015 to provide Town Manager services to the Town;
WHEREAS, a First Amendment to the Agreement was executed on April 4, 2017 to
amend the employment agreement to award a 4.43% wage increase to the annual base salary,
effective on April 4, 2017 and a lump sum performance bonus of $3,000; and
WHEREAS, on the basis of the annual evaluation, the Town Council desires to amend
the employment agreement to award a $8,000 wage increase to the annual base salary, effective
on January 16, 2018; and
IT IS THEREFORE AGREED by the parties as follows:
Section 2 of the Agreement is amended to read as follows:
A. Salary.
The Town Manager is awarded a $8,000 wage increase for a total annual
base salary of $220,000.00, effective January 16, 2018.
IN WITNESS WHEREOF, the parties have executed this Amendment to the Town
Manager Agreement on the date written above.
TOWN OF LOS GATOS
________________________________
Robert Rennie, Mayor
____________________________
Laurel Prevetti , Town Manager
ATTEST:
_______________________________
Shelley Neis, Town Clerk Administor
APPROVED AS TO FORM:
______________________________
Robert W. Schultz, Town Attorney