Monterey Park

City Council

January 17, 2024 Order of Business 5 #C

Agenda Item C

5-C. CONSIDERATION AND POSSIBLE ACTION TO AUTHORIZE THE MAYOR TO EXECUTE A\nTHREE-YEAR EMPLOYMENT AGREEMENT (WITH ONE-YEAR EXTENSION) WITH MS.\nINEZ ALVAREZ, IN A FORM APPROVED BY THE CITY ATTORNEY, FOR CITY MANAGER\nSERVICES. FISCAL IMPACTS INCLUDE, WITHOUT LIMITATION, A (1) BASE\nCOMPENSATION FOR A TOTAL OF $265,000 BEGINNING NOVEMBER 15, 2023; (2)\nVEHICLE ALLOWANCE OF $600 PER MONTH; AND (3) MEDICAL, DISABILITY, AND\nOTHER FRINGE BENEFITS INCLUDING, WITHOUT LIMITATION, CALPERS RETIREMENT\nBENEFITS SUBSTANTIALLY THE SAME AS OTHER DEPARTMENT DIRECTORS. THE\nTOTAL COMPENSATION PACKAGE IS APPROXIMATELY $325,278 FOR THE FIRST\nYEAR. AN INCREASE IN BASE SALARY TO MEDIAN SALARY (OF SIMILARLY SIZED\nCITIES) MAY OCCUR ON JANUARY 1, 2025 WITH A CORRESPONDING INCREASE IN\nTOTAL COMPENSATION.\nIt is recommended that the City Council consider:\n(1) Authorize the Mayor to execute an Agreement with Ms. Inez Alvarez, in a form approved\nby the City Attorney; and\n(2) Taking such additional, related, action that may be desirable.