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HomeMy WebLinkAboutResolution_18-11_08/11/2011 RESOLUTION NO. 18 -11 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, APPROVING A ONE TIME PERFORMANCE BASED RECOGNITION COMPENSATION IN THE AMOUNT OF $2500.00 FOR THE VILLAGE MANAGER FOR FISCAL YEAR 10111 IN ACCORDANCE WITH SECTION 4. OF THE SECOND EMPLOYMENT AGREEMENT BETWEEN THE VILLAGE MANAGER AND THE VILLAGE OF TEQUESTA DATED AUGUST 5, 2010; PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES. WHEREAS, the Village of Tequesta has entered into an Employment Agreement with its Village Manager, Michael R. Couzzo, Jr. which has been amended from time to time with the latest Agreement being approved dated August 5, 2010 (the "Agreement "); and WHEREAS, said Agreement provides for additional compensation for the Village Manager based on the past year's performance and is known as "Performance Recognition Compensation" ( "PRC ") according to Section 4 of the Agreement; and WHEREAS, the PRC is solely at the option of the Village Council to be based on performance; and WHEREAS, the Village Council of the Village of Tequesta has carefully reviewed the Village Manager's performance for the past year and hereby finds the PRC is in order due; WHEREAS, the Village Council of the Village of Tequesta believes that along with a myriad of examples of resourceful cost saving measures warrant the award of the PRC and that such an award is in the best interests of the citizens of the Village of Tequesta in order to maintain quality management and ensure stability in the Village. NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS: Section 1 The PRC as provided for Section 4 of the Village Manager's contract is hereby authorized in the amount of $2500.00 gross (Manager to pay taxes). Section 2 This Resolution shall become effective immediately upon passage. 1 The foregoing Resolution was offered by Council Member Humpage who moved its adoption. The motion was seconded by Council Member Brennan and upon being put to a vote, the vote was as follows For Adoption Against Adoption Mayor Tom Paterno X Vice -Mayor Vince Arena X Council Member Abby Brennan X Council Member Jim Humpage X Council Member Calvin Turnquest Absent The Mayor thereupon declared the Resolution duly passed and adopted this 11 day of August, 2011. MAYOR OF TEQUESTA Tom Paterno ATTEST: Lori McWilliams, MMC C= Village Clerk .� x 957 �� /pin