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HomeMy WebLinkAboutREAM, DAVID N. 1C -2008 c: toriS- fbr-Rb p,eomJf)qve AnQnce fJ;opy) fers.o tt" el A-2008-036 THIRD AMENDMENT TO AGREEMENT FOR EMPLOYMENT OF THE CITY MANAGER THIS THIRD AMENDMENT to the Agreement for the Employment of the City Manager is made this 19th day of February, 2008 by and between the City of Santa Ana, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California (the "City") and David N. Ream (the "Official"). RECIT ALS A. The City and the Official are parties to that certain Agreement for Employment of the City Manager dated March 20, 1989, as amended by that certain First Amendment dated April 15, 1991 (the "First Amendment") and as further amended by that certain Second Amendment dated February 18, 2003 (the "Second Amendment") (collectively, "the Agreement"). B. The City and the Official seek to further amend the Agreement to adjust the Official's base salary and additional compensation. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions hereinafter set forth, the parties agree as follows: 1. Section 3 of the Agreement is hereby amended to read as follows: "(a) Effective March 1,2008, the salary ofthe Official is hereby fixed and established at Nineteen Thousand Six Hundred Ninety-Three Dollars ($19,693.00) per month which shall be paid in the same manner and at the same time as other monthly salaries in the city are paid. (b) As additional compensation deducted from his salary pursuant to Government Code Section 53214, the Officer shall receive deferred compensation in the maximum annual amount permitted pursuant to Section 457 of the Internal Revenue Code, excluding any permitted catch up contribution, commencing with calendar year 2008." 2. Section 6(a) of the Agreement is hereby deleted. 3. Except as necessary to implement the intent of this Third Amendment, the Agreement shall remain unchanged and in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Agreement the date and year first above written. [Signatures provided on next page] "CITY" ATTEST: Patricia Healy Clerk of the Council "OFFICIAL" By: afh~ David N. Re 2