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HomeMy WebLinkAbout5.4 Motion to Authorize changes to compensation for the Village ManagerBoardDocs® Pro Agenda Item Details Meeting Category Subject Access Type Preferred Date Absolute Date Fiscal Impact Budgeted Recommended Action Public Content Information 5.4 Motion to authorize changes in compensation for the Village Manager affew Action (Consent) Jan 15, 2019 Jan 15, 2019 Yes Page 1 of 2 Mayor-Juracek . • the Village Board •Trusteeshavecompleted anevaluation • :: Villagea •Michael . accomplishments forThe Board recognized the efforts of a! d the Village Leadership- •r successful implementation of several key priorities in the Village Strategic Plan. The plan emphasized economic development initiatives throughout the Village, and specific objectives from the plan were included in Cassady"s 2018 goals. In recognition of his accomplishments, Cassady will receive a merit increase of 4.0 percent in base compensation, taking his base salary from $214,987 to $223,587. The Board also awarded Cassady a bonus of $15,000 for-.- • and success in meeting his 2018 goals. The Board • progress of - ! - • - projects downtown an! on -y commercial corridorsthe Village. Vertical• • underwaywell 20 development • •story.space in the Busse Triangle. Additionally,the Park Terrace-_ scheduled ""Mike has done an excellent job positioning our downtown to flourish with multiple transit -oriented development projects underway and in the pipeline,"' stated Mayor Arlene Juracek. "We recognize that change of the magnitude occurring in Mount Prospect, even when it conforms to agreed-upon plans, can be uncomfortable for the community. The Board and Village Manager are committed to continuing transparency and public engagement efforts to assure community members that their concerns are being heard and addressed,"' Juracek The Board also recognized the value creation from the Mount Prospect Point project that is currently under construction on Rand Road tha� will include a Texas Road House, Buona Beef and The Tile Shop. "Mike crafted a Police and Fire HQ relocation strategy and financing plan that allowed us to finally address our inadequate and deteriorating Police Headquarters, said Mayor Juracek. "The adaptive re -use of two quality commercial buildings will enhance emergency responses for Police, Fire and EMS and save taxpayers more than $14.0 million compared to new construction alternatives." Mount The Mayor and Board have used a private sector approach to Cassady"s compensation, which emphasizes pay for performance and places a component of compensation at risk. ""We aim to be at the middle of the upper 50 percent of city managers in communities comparable to Prospect,"' stated Mayor"Increases - based on '- and demonstrated leadership behaviors."' - . • ""It is an honor to serve the Mayor and Board of Trustees, as well as the community of Mount Prospect," Cassady said. ""We have an incredibly talented team that are focused on exceptional customer service and high performance and I am honored to serve the community alongside them. As an organization we are positioned to have an incredibly productive 2019, and I look forward to continuing the momentum we have started into the new year," stated Cassady. https://www.boarddocs.com/il/vomp/Board.nsf/Private?open&login 1/16/2019 BoardDocs® Pro 9 a V M-=- 05TTWO M wo Administrative Content Executive Content Page 2 of 2 All items under Consent Agenda are considered routine by the Village Board and will be enacted by one motion. There will be no separate discussion of those items unless a Board member or member from the audience so requests, in which the item will be removed from the Consent Agenda and considered in its sequence on the agenda. Motion & Voting Motion by Colleen Saccotelli, second by Richard Rogers. Final Resolution: Motion Carries Yea: William Grossi, Eleni Hatzis, Paul Hoefert, Richard Rogers, Colleen Saccotell: https://www.boarddocs.com/il/vomp/Board.nsf/Private?open&login 1/16/2019