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242 <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville, Virginia, that the Employment Agreement <br />between the City Council and the City Manager, dated May 16, <br />1988, as amended by Council resolution approved April 11, <br />1989, is hereby further amended by an annual increase in base <br />salary in the annual sum of $7,358 effective with the fiscal <br />year beginning July 1, 1990 ("the coming fiscal year"). Said <br />1988 contract is also amended with regard to the retirement <br />benefits to be paid pursuant to Section 12 of the contract. <br />Those benefits shall continue to equal nine, percent of the <br />Manager's base salary; however, that portion paid by the City <br />directly into the ICMA-RC retirement plan shall not exceed a <br />sum equal to the maximum which.can be paid tax free into a <br />Section 457 retirement plan under federal tax law. The <br />balance of said nine percent retirement benefit shall be paid <br />directly to the Manager on or before the last day of the <br />coming fiscal year. <br /> <br /> Ail other terms of said 1988 contract are hereby <br />reaffirmed, ratified, and renewed. <br /> <br />The meeting was adjourned. <br /> <br /> <br />