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HomeMy WebLinkAbout2011-12-7894ORDINANCE NO. 2011-12-7894 AN ORDINANCE AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE AN ADDENDUM TO THE AGREEMENT TO EMPLOY JEFFREY A. PEDERSON AS PADUCAH CITY MANAGER WHEREAS, by Ordinance No. 2010-10-7750 the City of Paducah approved the execution of an agreement with Jeffrey A. Pederson for employment as City Manager; and WHEREAS, following a successful performance appraisal, the City Commission wishes to renew the agreement and amend it to reflect a salary increase effective July 2, 2011; amend terms of payment into the City Manager's deferred compensation ; and extend the residency requirement from twelve to fourteen months; and WHEREAS, it is now necessary for the City to adopt an ordinance to clarify and confirm the amended agreement. BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: Section 1. The City Commission does hereby approve an addendum to the employment agreement with Jeffrey Pederson as attached hereto and authorizes the Mayor to execute said addendum. Section 2. This ordinance shall be read on two separate days and will be published by summary pursuant to KRS Chapter 424. ATTEST: Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, December 13, 2011 Adopted by the Board of Commissioners, December 20, 2011 Recorded by Tammara S. Brock, City Clerk, December 20, 2011 Published by The Paducah Sun, December 28, 2011 \ord\addendum-city manager 2011 C) 0//-/a - My ADDENDUM TO AGREEMENT TO EMPLOY JEFFREY A. PEDERSON AS PADUCAH CITY MANAGER WHEREAS, the City of Paducah, Kentucky, a Municipal Corporation, hereinafter referred to as "Employer" and Jeffrey A. Pederson, hereinafter called `Employee" entered into an employment agreement on December 7, 2010, and was adopted by Ordinance No. 2010-10-7750; and WHEREAS, the parties are now desirous of amending certain sections of said agreement; NOW, THEREFORE, the parties agree as follows: 1. Section 4 shall be amended as follows: C. This Section is amended to recognize the action of the City Commission through Municipal Order No. 1614 adopted on June 21, 2011, that adjusted Employee's salary to $136,344 effective July 1, 2011. 2. Section 8 shall be amended as follows: The Employer agrees to contribute to a deferred compensation plan of the Employee's choice an amount of money not less than Employer's obligation to the Employee under the Kentucky Public Employee's Retirement System. Employer further agrees that any monies from such annual contribution that exceed the allowable contribution under annual IRS limits for deferred compensation shall be paid to Employee through payroll, or Employee may elect to defer such contribution into an Employer-sponsored Health Savings Account. 3. Section 15A shall be amended to extend the time allowed for Employee to establish residence within the corporate boundaries of the City of Paducah from twelve (12) months to fourteen (14) months. 4. Section 15C shall be amended to extend the time that the Employee may reside in Employer's real estate from twelve (12) months to fourteen (14) months. All remaining terms and conditions of the original employment contract dated December 7, 2010, shall remain in full force and effect. IN WITNESS WHEREOF, the Board of Commissioners of the City of Paducah has caused this Addendum to the nt greement to be executed on its behalf y the Ci 's Mayor, and Jeffrey A. Pederson, execut this Agre eft as City 1jolagager on this the,9ZAdAay of , 2011. W'ELLLIAM F. PAXTON, City of Paducah, Kentucky TAMMIARA BROCK City Clerk