Monterey Park

City Council

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