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Employment Agreements 3 July15, 2008 <br />Not Applicable <br />Summary of Public Outreach Efforts <br />Not Applicable <br />Fiscal Impact <br />There is no change in benefits provided to the City Manager. The salary of the Interim City <br />Manager will be reduced by 5% resulting in an annual salary cost savings of $8,800. <br />Budget Author <br />The 2008-09 Budget for the City Manager's Office will be adjusted to reflect the salary savings. <br />Attachments <br />Not Applicable <br />CONCLUSION <br />A resolution approving the employment agreements with City Manager John J. Jermanis and <br />Interim City Manager Stephen L. Hollister is on the City Council agenda for July 21, 2008. <br />