Monterey Park

City Council

12.B. Consideration and possible action to authorize the Mayor to execute the First Amendment to the City Manager's Employment Agreement for a three-year term (with options for one to two year extensions) with Ms. Inez Alvarez. Fiscal Impacts include, without limitation, a (1) base compensation for a total of $315,731.60 beginning the first full pay period after July 1, 2026; (2) vehicle allowance of $600 per month; and (3) medical, disability, an other fringe benefits included, without limitation, CalPERS retirement benefits substantially the same as other department directors. The total compensation package is approximately $1,040,838.70 for the initial three year term. An increase in base salary would occur upon the anniversary date based upon the percentage increase granted by the City Council to executive management employees. It is recommended that the City Council consider: 1. Authorizing the Mayor to execute an amendment to the employment agreement with Ms. Inez Alvarez, in a form approved by the City Attorney; and 2. Taking such additional, related, action that may be desirable. 13. City Communications (City Council) / Future Agenda Items 14. Closed Session (if Required; City Attorney to Announce)