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FISCAL IMPACT: <br />The 2% iincrease reflects an annual increase of $3,717. The October 2008 COLA increase <br />reflects an annual increase of between $3792 (2%) and $5,688 (3%). The August 2009 increase <br />(2% - 4%) will be dependant upon the amount of the October 2008 increase. <br />Funds are budgeted in account number: 100-6020-6020-1010. <br />Budget Year-to-date <br />Expenditures <br />Open Encumbrances <br />Available Funds <br />$395,006 $52,122.58 <br />$0 <br />$342,883.42 <br />ENVIRONMENTAL IMPACT: <br />None. <br />CONFLICT OF INTEREST — Gift Disclosure Requirements <br />Not applicable <br />RECOMMENDATION: <br />Staff recommends that the City Council approve the restated Employment Agreement between <br />the City of Colton and the City Manager. <br />Attachments: 1. New City Manager Employment Agreement (8-19-08); <br />2. Original City Manager Employment Agreement (6-5-01); <br />3. Five Amendments (6-4-02; 7-16-02; 8-19-03; 8-3-04; and 2-7-06) <br />Prepared by: City Attorney <br />REVIEW TEAM ONLY <br />City Attorney: r). t19.ltlokh Finance Director: <br />City Manager: b . Pbj%h OTHER: <br />1 11 <br />RVPUB\NSTUBBS\752412.3 <br />