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HomeMy WebLinkAboutReso 17-2002RESOLUTION NO. 17-2002 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING AMENDMENT NO. 8 TO THE EMPLOYMENT AGREEMENT BETV~EEN THE CITY OF SOUTH SAN FRANCISCO AND MICHAEL A. WILSON WHEREAS, on December 14, 1994, the City of South San Francisco and Michael A. Wilson entered into an Employment Agreement related to the positions of City Manager and Redevelopment Agency Executive Director; and, WHEREAS, said Employment Agreement was revised by Amendment No. 1 approved by the City Council on December 13, 1995; and, WHEREAS, said Employment Agreement was further revised by Amendment No. 2, approved by the City Council on May 22, 1996; and, WHEREAS, said Employment Agreement was further revised by Amendment No. 3, approved by the City Council on November 27, 1996; and, WHEREAS, said Employment Agreement was further revised by Amendment No. 4, approved by the City Council on March 11, 1998; and, WHEREAS, said Employment Agreement was further revised by Amendment No. 5, approved by the City Council on March, 1999; and, WHEREAS, said Employment Agreement was further revised by Amendment No. 6, approved by the City Council on April 12, 2000; and, WHEREAS, said Employment Agreement was further revised by Amendment No. 7, approved by the City Council on March 28,2001, and, WHEREAS, the parties hereto desire to further amend the Employment Agreement. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that Amendment No. 8 to the Employment Agreement, attached hereto as Exhibit A and dated March 27, 2002, is hereby approved. BE IT FURTHER RESOLVED that the Mayor is hereby authorized to execute Amendment No. 8 on behalf of the City of South San Francisco. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a regular meeting held on the 27th day of March 2002 by the following vote: AYES: Councilmembers Joseph A. Femekes, Raymond L. Green and Karyl Matsumoto Mayor Pro Tem Pedro Gonzalez and Mayor Eugene R. Mullin NOES: None. ABSTAIN: None. ABSENT: None. ATTEST: ty Clerk 2 EXHIBIT A AMENDMENT NO. 8 TO THE EMPLOYMENT AGREEMENT BETV~EEN MICHAEL A. WILSON AND THE CITY OF SOUTH SAN FRANCISCO DATED DECEMBER 14, 1994 RECITALS WHEREAS, on December 14, 1994, the City of South San Francisco and Michael A. Wilson entered into an Employment Agreement related to the positions of City Manager and Redevelopment Agency Executive Director; and WHEREAS, said Employment Agreement was revised by Amendment No. 1 dated December 13, 1995; Amendment No. 2 dated May 22, 1996; Amendment No. 3 dated November 27, 1996; Amendment No. 4 dated March 11, 1998; Amendment No. 5, dated March 1999; Amendment No. 6 dated April 12, 2000; and Amendment No. 7, dated March 28, 2001. WHEREAS, the parties desire to further amend the Agreement to extend the term of the Agreement and to increase the base salary amount. NOW, THEREFORE, the parties hereto agree as follows: 1. Section 2(A) is hereby amended to read as follows: The term of this Agreement shall be from January 23, 2002 through January 22, 2004. WILSON agrees to remain in the exclusive employ of the CITY until the termination date set forth herein, and neither to accept other employment nor to become employed by any other employer until said termination date. 2. Section 3(A), subdivision 1 is hereby amended to read as follows: A(1) CITY agrees to pay WILSON for his services rendered pursuant hereto, an annual salary of One Hundred Seventy Eight Thousand Eight Hundred Ninety Six Dollars ($178,896) payable in installments at the same time other employees of the City are paid. ° Said increase in salary, as set forth in Section 2 above, shall be effective as of January 23, 2002. ° CITY shall also implement and provide to WILSON a retirement benefit consistent with the following criteria: a. The program shall be a PARS "0.5% at age 55 Stackable Supplement for Total City and Prior CALPERS Service" benefit as shown in Attachment A hereto. bo The vesting period for the benefit amount shall be between six and eight years of City of South San Francisco service as an employee, with credit for service calculated in the following manner: For every three years of employment prior to January 23, 2002 with the City, WILSON shall receive one year of service credit towards vesting up to a maximum of five years of vested service. These five years of vested service shall result in a retirement benefit of 0.25 percent for Total City and Prior CALPERS Service. For prospective service, beginning as of January 24, 2002, WILSON shall receive one year of vesting service credit for each full year of employment with the City of South San Francisco. For each full year of vesting service credit earned pursuant to this subparagraph (2) WILSON shall receive an additional 0.0833 percent for Total City and Prior CALPERS Service. For any portion of a full year in years 2 and 3 of the prospective vesting period, WILSON shall receive proportionate credits for each full month of employment during the 12 month time periods between January 24, 2003 and January 23, 2004 and between January 24, 2004 and January 23, 2005. (Under this formula, WILSON shall be fully vested at the 0.5 percent retirement benefit as of January 23, 2005. o To receive the benefit of this program, WILSON must be employed by the CITY through at least January 23, 2003. In the event WILSON's employment with the CITY terminates prior to January 23, 2003, WILSON shall be entitled to receive the amount of funds he paid between January 24, 2002 through January 23, 2003 for the benefit as taxable income. WILSON shall only be entitled to receive the retirement benefit provided herein if he elects to enroll in the PARS Supplement Program set forth herein within thirty (30) after it is established by the City and if he agrees to pay from his compensation set forth in Section 3A of the Employment Agreement the annual cost to the City to fund the benefit for WILSON as determined by PARS during the term of WILSON's employment with the CITY. The parties agree that the estimated costs, as established by PARS, for the time period January 2 24, 2002 through January 23, 2003 is $24,866. This amount may be modified if the City elects to expand the program to include other participants. o All other terms of the December 14, 1994 Employment Agreement, as amended by Amendments No. 1, 2, 3, 4, 5, 6, and 7 shall remain in full force and effect. Mayor and Chairperson City of South San Francisco/Redevelopment Agency of South San Francisco Michael A. Wilson ATTEST: City Clerk APPROVED AS TO FORM: City Attorney F:\wpd\Mnrsw\405\001\AGREE\2002LMarch\wilson agt 3-21-02.doc 3