City Council Agenda and Packet 2025 02 11 - SP

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designates a shorter period, subject to the termination and severance pay provisions as set forth in Section 6.E herein. Langley's first day of employment as City Manager shall be March 31, 2025 4. Compensation. A. The City agrees to pay to Ms. Langley for her services as its City Manager an annual base salary of $300,000.00, payable in biweekly installments at the same time as other employees of the City are paid. The position of City Manager is an exempt position under the provisions of the Fair Labor Standards Act (the"Act"). As such, the City Manager shall not be bound by the record keeping or overtime provisions of the Act, and shall not earn overtime pay or compensatory time. B. The City Manager's base salary pursuant to this Agreement shall be increased to include all salary adjustments on the same basis and at such intervals as applied to all other City employees. For the avoidance of doubt, it is expressly intended that City Manager receive pay increases to reflect market adjustments to the same extent as that applied to all other full-time employees of the City. C. The City Council shall annually consider whether the City Manager should receive a merit adjustment, in addition to the market adjustment. A merit adjustment to the City Manager's salary shall be effective only when set forth in a written amendment to this Agreement that is approved by the City Council. 5. Relocation Costs. A. The City shall reimburse the City Manager for expenses incurred for moving her family and personal property from her current residence in California to Colorado. Such moving expenses include packing, moving, storage costs, unpacking, and insurance charges ("Relocation Expenses"). The City Manager shall be reimbursed for Relocation Expenses within thirty (30) days of submission of receipts to the City in an amount up to, but not exceeding the gross amount of ten thousand dollars ($10,000.00), less any and all applicable taxes and other withholdings. B. If the City Manager ceases employment for one of the reasons for which severance pay is disallowed within the first year, then the City Manager shall repay the Relocation Expenses, either by a deduction from gross compensation or in cash within thirty (30) days of the termination date, at the election of the City. If the City Manager ceases employment for one of the reasons for which severance pay is disallowed after the first full year but before the second full year, then the City Manager shall repay half of all Relocation Expenses, either by a deduction 2