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HomeMy WebLinkAboutResolution_36-17_08/10/2017 RESOLUTION NO. 36-17 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 16/17 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 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, 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, among other things, to the Manager's efforts in maintaining budgetary desires of the Village Council, and saving the Village a significant amount of money in the renewals of numerous contracts; and WHEREAS, the Village Council of the Village of Tequesta believes that the above-stated accomplishments along with a myriad of other 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: 1 Section 1 The PRC as provided for Section 4 of the Village Manager's contract is hereby authorized in the amount of $0 (zero dollars), which amount is pre- tax. Taxes and other applicable payroll deductions shall be deducted from this amount, prior to payment. Section 2 This Resolution shall become effective immediately upon adoption. 2 RESOLUTION 3b-17 MOTION SECOND Council Member Tom Paten�o Council Mcmber Vince Arcna VOTF< F�I2 AGAINST ABSENT ADOPTION ADOPTIOIVT Ma��or- Abi�ail Bi-en�lan � � Vice-Mayor Frank D'Ambra � � ❑ Council Member Vince Arena � � � Council Member Steve Okun � � ❑ Council Member Tom Paterno � � � The Mayor thereupon declared the Resolution duly passed and adopted on 8/10/2017 MAYOR OF TEQUESTA . , gail renn a or ATTEST: �,,,,,,,,,,,,F����T„E,,,,,,,,,,,,, ��Q... ..Q�-. �' � �C?••'Q.P�R,�Ij,� �`''',. 0�1���1G1L� ;o�VO c���:cS'�; Lori McWilliams, MMC =�= CAL �'��' Village Clerk >: SG ` = = �•.INCORPORATE�� ; ,3 , g�..�a` ,,y �4,�0���� �y "`"`�``�� �"'���,,,,TE OF�F�- ///!/llllll f I I I I I I I\1\IU\\\1