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HomeMy WebLinkAboutReso 2020-3063RESOLUTION NO.2020 - 0(.�D A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING A FIRST AMENDMENT TO THE AGREEMENT WITH CHRISTOPHER J. RUSSO FOR PORTABLE TERM LIFE INSURANCE, ATTACHED HERETO AS EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE SAID FIRST AMENDMENT; PROVIDING THE CITY ATTORNEY WITH THE AUTHORITY TO EFFECTUATE THE TERMS OF THIS AGREEMENT; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on July 19th, 2012 via Resolution No. 2012-1939, the City Commission approved an Agreement with Christopher J. Russo ("City Manager") for the position of City Manager of the City of Sunny Isles Beach; and WHEREAS, after due consideration the Mayor has renegotiated the City Manager's life insurance, providing for a portable term life insurance policy in an amount not to exceed Seven Hundred Fifty Thousand Dollars ($750,000.00), attached hereto as Exhibit "A". NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Approval of First Amendment. The First Amendment to the Agreement with Christopher J. Russo of the City of Sunny Isles Beach, attached hereto as Exhibit "A", be and the same, is hereby approved. Section 2. Authorization of Mayor. The Mayor is hereby authorized to execute said Agreement. Section 3. Authorization of the City Attorney. The City Attorney is authorized to do all things necessary to effectuate the terms of this Agreement. Section 4. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 161h day of April 02 . George IN. Scholl, Mayor f ATT S Botancur, CMC, City Clerk R2020 First Amend W Christopher J Russo Agmt As City Manager Page 1 of 2 APPROVED AS TO FORM AND LEGA IG NCY: lNEdward A. Dion, City Attorney Moved by:awASl �iW-V u�(-�rV1{+-p�l Seconded by: �d1t6yee-444 Vote: Mayor Scholl V (Yes) (No) Vice Mayor Svechin �o -(Yes) (No) Commissioner Goldman (Yes) (No) Commissioner Lama (Yes) (No) Commissioner Viscarra (Yes) (No) R2020 First Amend W Christopher J Russo Agmt As City Manager Page 2 of 2 S„NfJY /SS FIRST AMENDMENT TO THE EMPLOYMENT AGREEMENT BETWEEN THE CITY OF SUNNY ISLES BEACH AND CHRISTOPHER J. RUSSO pN0 LLi SLLN This First Amendment to the Agreement between the CITY OF SUNNY ISLES BEACH ("Ci ") and CHRISTOPHER J. RUSSO ("Employee") executed this IV11�7 day of 2020, is made a part of the original Agreement ("Agreement") dated July 19, 2012, between the City and Employee, a copy of which attached hereto as Attachment "A". The City and Employee hereby agree as follows: 1. PORTABLE TERM LIFE INSURANCE. The City wishes to amend Section 6 of the Agreement ("Life Insurance and Disability Insurance") to include a subsection four (4), providing for a portable term life insurance policy in an amount not to exceed Seven Hundred and Fifty Thousand Dollar ($750,000.00). 2. OTHER PROVISIONS REMAIN IN EFFECT. Except as specifically modified herein, all terms and conditions of the original Agreement between the parties, dated July 19, 2012, and attached hereto as Attachment "A", shall remain in full force and effect. 3. CONFLICTING PROVISIONS. The terms, statements, requirements, or provisions contained in this First Amendment shall prevail and be given superior effect and priority over any conflicting or inconsistent terms, statements, requirements or provisions contained in any other document or attachment, including but not limited to Attachment "A". IN WITNESS WHEREOF, the parties hereto have executed this document as of the date mentioned above. WITNESS: Signature Z K- Print Name ATTEST: FIM , CMC, City Clerk CITY OF SU Y ISLES BEACH BY: George H. Scholl, Mayor APPR21E ED A - T FORM AND L UFF EN Y BY: Edward A. Dion, City Attorney 25 City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, Florida 33160 =a,Q' �w¢ (305) 947-0606 City Hall r`fi` aF s'.)LA "`'a (305) 949-3113 Fax MEMORANDUM TO: The Honorable Mayor and City Commission FROM: Mayor George Scholl DATE: 4/16/2020 RE: First Amendment to the Agreement with Christopher J. Russo for Portable Term Life Insurance RECOMMENDATION: This Resolution is presented for your consideration. REASONS: Since our City Manager, Chris Russo, has been remarried his family has grown with two (2) additional children. He has asked for a change in his contract providing for Portable Term Life Insurance. Quotes for annual rates are being finalized and have been in the $9,000.00 to $12,000.00 range, however, it should not exceed $13,000.00. ATTACHMENTS: Description Resolution First Amendment Item Number: 10.A. 22