Broken Arrow City Council
Meeting of: 09-19-2023
Title:
title
Approval of and authorization to execute a Ninth Amendment to the Employment Agreement, by and between the City of Broken Arrow, Oklahoma and Michael L. Spurgeon
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Background:
On July 21, 2015, the City Council appointed Michael L. Spurgeon to serve as the City Manager for the City of Broken Arrow. This relationship was formally memorialized by an Employment Agreement dated August 4, 2015. Mr. Spurgeon officially began his duties as City Manager on September 21, 2015. The Employment Agreement has been amended on eight (8) prior occasions.
The 2015 Agreement, as amended, provides for an extension of the employment agreement for one year until 9-20-26, extends the retention incentive for an additional one year, allows a cost-of-living adjustment of 4% effective upon approval of the amendment, increases the 457 contribution by .5% and allows for a performance bonus of $12,000 payable in October 2023.
Mr. Spurgeon has indicated that the terms reflected within the Ninth Amendment are satisfactory.
Cost: Salary, plus benefits, a one-time $12,000.00 stipend. Costs beyond this Fiscal Year are dependent upon annual appropriation and as set forth in the Agreement, as Amended
Funding Source: General Fund
Requested By: City Manager’s Office
Approved By: City Manager’s Office
Attachments: Ninth Amended Employment Agreement.
Recommendation:
recommend
Approve the Ninth Amendment to Employment Agreement and authorize its execution.
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