Monterey Park
City Council
Agenda Item B
12.B. Consideration and possible action to authorize the Mayor to execute the First\nAmendment to the City Manager's Employment Agreement for a three-year term (with\noptions for one to two year extensions) with Ms. Inez Alvarez. Fiscal Impacts include,\nwithout limitation, a (1) base compensation for a total of $315,731.60 beginning the\nfirst full pay period after July 1, 2026; (2) vehicle allowance of $600 per month; and (3)\nmedical, disability, an other fringe benefits included, without limitation, CalPERS\nretirement benefits substantially the same as other department directors. The total\ncompensation package is approximately $1,040,838.70 for the initial three year term.\nAn increase in base salary would occur upon the anniversary date based upon the\npercentage increase granted by the City Council to executive management\nemployees.\nIt is recommended that the City Council consider:\n1. Authorizing the Mayor to execute an amendment to the employment agreement with\nMs. Inez Alvarez, in a form approved by the City Attorney; and\n2. Taking such additional, related, action that may be desirable.