HomeMy WebLinkAbout5.10 Motion to authorize changes in compensation for the Village Manager4/15/2020 BoardDocs® Pro
Agenda Item Details
Meeting Mar 03, 2020 - REGULAR MEETING OF THE MOUNT PROSPECT VILLAGE BOARD - 7:00 p.m.
Category 5. CONSENT AGENDA
Subject 5.10 Motion to authorize changes in compensation for the Village Manager
Access Public
Type Action (Consent)
Preferred Date Mar 03, 2020
Absolute Date Mar 03, 2020
Fiscal Impact Yes
Budgeted Yes
Recommended Action Authorize changes in compensation for the Village Manager
Public Content
Information
Mayor Arlene Juracek and the Village Board of Trustees have completed an evaluation of Village Manager Michael Cassady's
performance in 2019. The Board recognized the efforts of Cassady and the Village Leadership Team for 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 2019 goals. In recognition of his
accomplishments, Cassady will receive a merit increase of 5.0 percent in base compensation, taking his base salary from
$223,587 to $235,000. The Board also awarded Cassady a bonus of $15,000 for his leadership and success in meeting his 2019
goals.
The Board saw visible progress of redevelopment projects downtown and on key commercial corridors in the Village.
Construction was completed for the 20 West and Park Terrace developments downtown and construction is well underway at the
Maple Street Lofts and 10 North Main developments. Since creating the Prospect and Main TIF, 498 new residential units at
20,000 square feet of new retail space has been created. Construction was also completed at Mount Prospect Pointe and Texas
Roadhouse, Buona Beef and The Tile Shop have all opened on Rand Road.
"We had an aggressive list of goals for Mike in 2019 and he did an exceptional job on implementation of several key priorities in
our Strategic Plan;" stated Mayor Arlene Juracek. "The value creation we have realized from new construction and annexation
since he began in Mount Prospect in 2015 is significant, and the results have had a positive impact on mitigating our future
property tax rate."
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 Mount Prospect," stated Mayor Juracek. "Increases in compensation are based on meeting key
targets and demonstrated leadership behaviors."
"I am grateful to Mayor Juracek and the Village Board of Trustees for their trust and confidence in me and our Leadership Team;"
said Cassady. "We have had traction on several transformative initiatives in Mount Prospect and our momentum is positive and
visible to our stakeholders."
-Press Release dated February 28, 2020
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4/15/2020
Administrative Content
Executive Content
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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
Approve List of Bills - February 12, 2020 - February 25, 2020 - $2,438,610.88
Motion by Paul Hoefert, second by Michael Zadel.
Motion Carries
Yea: William Grossi, Eleni Hatzis, Paul Hoefert, Richard Rogers, Colleen Saccotelli, Michael Zadel
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