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HomeMy WebLinkAboutResolution_17-16_08/11/2016 RESOLUTION NO. 17-16 A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF TEQUESTA, FLORIDA, APPROVING A ONE TIME PERFORMANCE BASED RECOGNITION COMPENSATION AMOUNT FOR THE VILLAGE MANAGER FOR FISCAL YEAR 2015/2016 AND INCREASING THE FISCAL YEAR 2015/2016 BUDGET BY APPROPRIATING FUND BALANCE IN SAID AMOUNT; 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 amended Agreement being 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; and WHEREAS, the Village Council of the Village of Tequesta believes that resourceful cost saving measures along with a myriad of other achievements 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; and WHEREAS, 50% of the funding for the performance based recognition compensation awarded to the Village Manager will be appropriated in the FY 2015/2016 General Fund #001 Budget and 50% will be appropriated in the FY 2015/2016 Water Utility Fund #401 Budget. 1 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 gross amount of $15,000. Section 2 This Resolution shall become effective immediately upon passage. 2 RESOLUTION 17-16 MOTION SECOND Council Member Frank D'Ambra Vice-Mayor Vince Arena VOTE FOR AGAINST ABSENT ADOPTION ADOPTION Mayor Abby Brennan � � � Vice-Mayor Vince Arena � � Council Member Steve Okun � � � Council Member Tom Paterno � � � Council Member Frank D'Ambra � � � The Mayor thereupon declared the Resolution duly passed and adopted on 11-Aug-2016 MAYOR OF TEQUESTA ., ATTEST: `� "��„11\N�hMINIfMM� �'" GE � F T"'"�, , GpFtPp' F4j%�,, � �: R 9j;•.,G =, `� rL�. �`l c��.e.�- SFq `����," Lori McWilliams, MMC `°'�or� � :a___-° Village Clerk =-.,,.� �'` � '-.,,��`'��'�. 4, 19�: •� . • `,,� �°"'�Fr„�,�,R��P`,