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I 8.J.a I <br /> EMPLOYMENT CONTRACT OF CITY MANAGER <br /> CITY CONTRACT NO. 2018-004 <br /> THIS EMPLOYMENT CONTRACT No 2018-004 by and between the <br /> City of Prescott, a municipal corporation of the State of Arizona, acting through <br /> its City Council, hereinafter referred to as "City", and Michael W. Lamar, <br /> hereinafter referred to as "City Manager". <br /> WHEREAS, the Charter of the City of Prescott empowers the Council of Ss <br /> the City of Prescott to appoint and remove the City Manager of the City of o <br /> Prescott; and E <br /> w <br /> WHEREAS, the City and the City Manager entered into that certain ci <br /> Employment Contract of City Manager on October 10, 2016 (City Contract o <br /> Number 2017-095) ("City Manager Contract"), which has been subsequently c0 <br /> extended by agreement between the City and the City Manager; and 2 <br /> d <br /> co <br /> WHEREAS, Michael W. Lamar desires to serve as City Manager of the d <br /> City of Prescott upon the terms set forth herein. c <br /> w <br /> 0 <br /> NOW, THEREFORE, in consideration of the mutual covenants set forth 73 <br /> herein, the parties agree as follows: 2 <br /> a <br /> a <br /> SECTION 1. APPOINTMENT •• <br /> N <br /> N. <br /> N. <br /> City agrees to employ Michael W. Lamar as City Manager of the City of <br /> Prescott. o <br /> 0 <br /> co <br /> SECTION 2. TERM N <br /> 0 <br /> The City Manager shall serve at the pleasure of the Council of the City of z <br /> Prescott for a period of three (3) years, commencing on July 1, 2017 through ci <br /> June 30, 2018 for evaluation purposes, or as otherwise renewed as set forth o <br /> herein. 0 <br /> U <br /> SECTION 3. SALARY <br /> c <br /> d <br /> The salary of the City Manager term of this Agreement shall be One = <br /> Hundred Forty Nine Thousand Dollars ($149,000.00) per annum. <br /> a <br /> SECTION 4. DEFERRED COMPENSATION <br /> In addition to the City's standard payment to the Arizona State Retirement <br /> System (50% City/50% Employee), the City, in addition to the base salary in <br /> Section 3 above, agrees to pay Six Thousand Dollars ($6,000) per year into the <br /> ICMA Retirement Corporation or any Section 457 deferred compensation plan of <br /> 1 <br /> I Packet Pg. 132 I <br />