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INTERIM CITY MANAGER EMPLOYMENT AGREEMENT <br /> (Ara Michael Mihranian,AICP, City of Rancho Palos Verdes) <br /> This INTERIM CITY MANAGER EMPLOYMENT AGREEMENT (the "Agreement") <br /> is made and effective as of November 22, 2019 ("Effective Date"), by and between the CITY OF <br /> RANCHO PALOS VERDES, a general law city & municipal corporation and Mr ARA <br /> MICHAEL MIHRANIAN, AICP, an individual (" Interim Manager"—the term Interim Manager <br /> shall mean and include the titles of Community Development Director, Interim Executive <br /> Director of the Successor Agency to the Rancho Palos Verdes Redevelopment Agency, & <br /> Interim Director of the Rancho Palos Verdes Improvement Authority) <br /> RECITALS <br /> A City's current City Manager (the "out-going City Manager") has retired from his <br /> employment with City effective November 22, 2019 to return to private sector employment <br /> City has entered into a process to find a replacement for its out-going City Manager and to that <br /> end has engaged the services of an executive search firm to assist City's City Council in such <br /> executive search <br /> B In the interim, City desires to engage the services of Interim Manager to act as its <br /> Interim City Manager, in addition to his current duties as Community Development Director <br /> C Interim Manager is willing and otherwise qualified to perform the duties of the <br /> offices set forth above, provided that in the event City's City Council elects to enter into an <br /> employment agreement with a new City Manager, and such new City Manager selected is not <br /> Interim Manager, Interim Manager shall be allowed to revert to and retain his existing <br /> employment with City as its Community Development Director <br /> AGREEMENT <br /> NOW, THEREFORE, in consideration of performance, by the parties hereto, of the <br /> promises, covenants, and conditions herein contained, the parties hereto agree to the terms of this <br /> Agreement as follows <br /> 1 ARA MICHAEL MIHRANIAN is hereby appointed Interim Manager, <br /> with all the powers, duties, and prerogatives of City's City Manager, as defined by City's <br /> Municipal Code, the California Government Code, related to general law cities, the California <br /> Health & Safety Code, and such other duties as customarily performed by past City practice, or <br /> as Interim Manager shall be authorized to perform from time to time by City's City Council <br /> 2 ARA MICHAEL MIHRANIAN shall be entitled to additional <br /> compensation from City, above a beyond that currently earned as Community Development <br /> Director, such that Interim Manager's annual salary during the term of this Agreement shall be <br /> equal to ten percent (10%) above and beyond his current annual salary of$175,232 00, the same <br /> to be paid in the same increments and at the same time as all other department heads in City <br />