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HomeMy WebLinkAboutR-03-0102J-03-090 1/22/03 RESOLUTION NO. 03— 102 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), APPROVING THE DOWNTOWN DEVELOPMENT AUTHORITY'S ("DDA") BOARD OF DIRECTORS APPOINTMENT OF DANA NOTTINGHAM AS THE EXECUTIVE DIRECTOR OF THE DDA, UNDER THE TERMS AND CONDITIONS OF EMPLOYMENT AGREED UPON BY THE BOARD OF DIRECTORS, A SUMMARY OF WHICH IS ATTACHED AND INCORPORATED AS "EXHIBIT A". WHEREAS, the Board of Directors of the Downtown Development Authority ("DDA") has appointed Dana Nottingham as its Executive Director, under the terms and conditions summarized in "Exhibit A" attached and incorporated; and WHEREAS, pursuant to City Code Section 14-58, the employment of the DDA Executive Director is subject to the approval of the City Commission; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and finding contained in the Preamble to this Resolution are adopted by reference and incorporated as if fully set forth in this Section. CITY COMMISSION N'EETiN CT JAN 2 3 ?P91 Resolution No. � %i 4 03- 102 Section 2. The Board of Directors appointment of Dana Nottingham as the Executive Director is approved under the terms and conditions of employment agreed upon by the Board of Directors, a summary of which is attached and incorporated as "Exhibit A". Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.'/ PASSED AND ADOPTED this 23rd day of January , 2003. ATTEST: PRI9CILLA A. THOMPSON, CITY CLERK l APPROVED 54:ORS:BSS AND CORRECTNESS-e.-- 11,01 ORRECTNESS:% �i If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. Page 2 of 2 03- 102 EXHIBIT "A" 1. Term: 2 years commencing as of January 1, 2003, subject to automatic annual extensions. 2. Compensation: (a) Salary: During the first year of the term the salary shall be $10,000 per month, increased to $12,500 in the second year of the term. After the second year of the term the salary may be adjusted, at DDA's option. (b) Performance Incentive Payment: To be determined by DDA, based on a percentage of current salary and Executive Director's achievement of the performance objectives established by DDA. (c) Signing Bonus: $50,000, to be paid: $25,000, upon execution of the Agreement, and $25,000, on May 5, 2003. (d) Relocation Allowance: $15,000 (e) Automobile Allowance: $1,000 per month (f) Severance Payment: An amount equal to 9 months salary, payable in the event that DDA fails to extend the Agreement, or terminates the Agreement for any reason except for cause. W6854:Attachment A 03- 102