HomeMy WebLinkAboutResolution No. 95-21 CITY OF THE COLONY
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A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF THE COLONY, TEXAS, DECLARING CERTAIN
INTENTIONS OF THE CITY COUNCIL IN CONNECrION
WITH THE EMPLOYMENT AGREEMENTS FOR THE
crrY MANAGER AND THE CITY SECRETARY;
PROVIDING AN EFFECTIVE DATE.
~ the City Council has approved Employment Agreements for the City
Manager and the City Secretary; and
~ the Employment Agreements provide for severance provisions if such
employees are terminated by the will of the Council but without cause as defined in the
Employment Agreements; and
WI-Ig~3~F__at~ the City Council desires to express its intent with respect to the funding
of such severance provisions.
NOW, THRRRFORE, BE IT RF, SOL~ BY THE CITY COUNCIL OF THE
CITY OF THE COLONY:
Section 1. That the City Council hereby expresses its intent to fund the severance
provisions of the Employment Agreements with the City Manager and the City Secretary
during each year such contracts remain in effect by a specific designation to a reserve
account for General Administration-personnel services and City Secretary-personnel services.
Section 2. That this Resolution shall be effective immediately upon and after its
adoption and it is so resolved.
PASS~.~) ~ A~PP, O~I) BY~Hn crr~ coUNcIL oF TH~ crrY oF TH~
CO~.ONY, TEXAS, Us//~aay o£ ~j_/~, 1995.
Mayor ~
~~ ~. ~. City of The Colony
City Secretary
City of The Colony
DOC ~. :~'/4453