SUBJECT
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Executive Director Contract Amendment (Action)
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DESCRIPTION
On March 16, 2022 the Polk Regional Water Cooperative (“Cooperative”) entered into an Employment Agreement with Eric C. DeHaven as Executive Director/Project Administrator of the Cooperative (“Contract Employee”), which remains in full force and effect. On May 1, 2022, the Contract Employee assumed his duties as Executive Director/Project Administrator. Section 4 of the Employment Agreement establishes a base salary for the Contract Employee of $115,000, payable on a monthly or biweekly basis. The Employment Agreement also provides that the Cooperative shall evaluate a potential adjustment of the Contract Employee’s salary on an annual basis, beginning on May 2, 2023.
At the Cooperative’s May 17, 2023 meeting the Board of Directors voted to adopt Amendment No. 1 to the Employment Agreement, which increased the Contact Employee’s base salary by five (5%) percent to $120,750.
Following the Cooperative’s March 20, 2024 board meeting, the Board Chair, Commissioner Lindsey and the Contract Employee met to discuss the Contract Employee’s performance and base salary. Following that meeting the Board Chair has decided to recommend to the Board of Directors a five (5%) increase to the Contract Employee’s salary based on the Contract Employee’s exemplary performance over the past year regarding complicated matters critical to the future of the Cooperative. This would increase the Contract Employee’s base salary to $126,788 effective for the payment period beginning in May 2024.
This agenda item presents Amendment No. 2 to the Employment Agreement approving a five (5%) percent increase to $126,788, which is attached to this memorandum.
RECOMMENDATION
Approve the Second Amendment to the Employment Contact.
FISCAL IMPACT
Like the Contract Employee’s current salary, the source of funds for this salary increase will be the Cooperative’s administrative.
CONTACT INFORMATION
Ed de la Parte