HomeMy WebLinkAbout24-12 Approving the Third Amendment to the Town Manager's Employment Agreement 1-10-2024-- THIRD AMENDMENT TO THE TOWN MANAGER'S EMPLOYMENT
AGREEMENT
This Third Amendment to the Town Manager's Employment Agreement is made and entered into this
loth day of January 2024, by and between the Town of Firestone, Colorado, and Arthur J. Krieger, the
Town Manager.
WHEREAS, on April 10, 2019, the Town of Firestone entered into an Employment Agreement
("Agreement") with Arthur J. Krieger to serve as Town Manager, and
WHEREAS, the Agreement provides that the Town Manager's performance shall be reviewed
and evaluated by the Board of Trustees no less frequently than on an annual basis; and
WHEREAS, in April and May of 2021 the Board of Trustees met with the Town Manager to
review and evaluate his performance and subsequently amended the Agreement as to compensation and
paid time off; and
WHEREAS, in March 2022 the Board of Trustees met again with the Town Manager to review
and evaluate his performance and subsequently amended the Agreement as to compensation; and
WHEREAS, on May 17, 2023 the Board of Trustees met with a Human Resources Consultant to
conduct its review and evaluation of the Town Manager and on December 13, 2023 the Board of Trustees
authorized Mayor Pro Tern Jimenez and Trustee Sharp to meet with the Town Manager to discuss
proposed amendments to the Agreement; and
WHEREAS, on December 18, 2023 Mayor Pro Tem Jimenez and Trustee Sharp met with the
Town Manager and the parties agreed to amendments regarding the timing of the annual review and
evaluation and compensation.
NOW, THEREFORE, the parties agree as follows:
Section 1. Section 3, Compensation, of the Agreement is amended by increasing the Town
Manager's annual base salary from $210,000.00.to $2209500.00 effective April 10, 2023, which day is
the Town Manager's Anniversary of Hire.
Section 2. The second sentence of Section 6, Performance Evaluation: Off Site Retreat is amended
to read as follows; The Town Manager's performance shall be reviewed and evaluated no less frequently
than in February, May, August and November of each year; except that the foregoing shall not limit the
authority of the Board of Trustees to review and evaluate the performance of the Town Manager at any
other time as the Board of Trustees in its discretion may determine.
Section 3. All other terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the Parties have duly executed this Third Amendment to Agreement as of
January 10, 2024.
TOWN OF FIRES NE, COLORADO
Drew'Alan eterson, Mayor
Al
Kristi It Bashor, CMC, Town Clerk
RESOLUTION N0.24-12
A RESOLUTION OF THE BOARD OF TRUSTEES OF THE TOWN OF
FIRESTONE, COLORADO, APPROVING THE THIRD AMENDMENT TO THE
TOWN MANAGER'S EMPLOYMENT AGREEMENT
WHEREAS, on April 9 the Town of Firestone entered into an Employment
Agreement ("Agreement") with Arthur J. Krieger to serve as Town Manager; and
WHEREAS, the Agreement provides that the Town Manager's performance shall be
reviewed and evaluated by the Board of Trustees no less frequently than on an annual basis; and
WHEREAS, as a result of such reviews in 2021 and 2022 the Board of Trustees approved
the First Amendment to the Agreement which amended the Town Managers compensation and
paid time off and the Second Amendment to the Agreement which amended the Town Managers
compensation; and
WHEREAS, on May 17, 2023 the Board of Trustees met with a Human Resources
Consultant to conduct its review and evaluation of the Town Manager and on December 13, 2023
the Board of Trustees authorized Mayor Pro Tern Jimenez and Trustee Sharp to meet with the
Town Manager to finalize amendments to the Agreement; and
WHEREAS on December 18, 2023 Mayor Pro Tem Jimenez and Trustee Sharp met with
the Town Manager and the parties agreed to amendments regarding the Agreement's annual review
and evaluation process and compensation.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
TOWN OF FIRESTONE, COLORADO:
The Third Amendment to the Town Manager's Employment Agreement is approved in
substantially the same form as the copy attached hereto and made a part of this resolution and the
Mayor is authorized to execute the Third Amendment on behalf of the Town.
INTRODUCED, READ AND ADOPTED this %fllay
TOWN OF FIRESTONE, COLORADO
r�o XO Dre Alan Peferson, Mayor
ATTEST:
y�coUNT��
Kristi K. Bashor, CMC Town Clerk
APPROVED AS TO FORM:
William P. Hayashi,
Attorney