1992-006GO 09
ORDINANCE NO. 92- 6
AN ORDINANCE REGARDING DEFERRED COMPENSATION FOR
THE VILLAGE MANAGER
WHEREAS, Section 2.08.050 of the Municipal Code of the Village of
Buffalo Grove requires that the Board of Trustees shall fix from time to time
the compensation of the Village Manager by Ordinance or Resolution; and,
WHEREAS, THE Village Board has established a deferred compensation
program for the Village Manager through Ordinance 88 -02; and,
WHEREAS, the Village Board is desirous of increasing the deferred
compensation program for the Village manager.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE
COUNTIES, ILLINOIS that:
1. An additional amount equalling two and nine - tenths percent
(2.9 %) of the Village Manager's annual salary in effect as of
January 1, each year, shall be paid by the Village into the
Village Manager's Deferred Compensation Account. The current
authorized Buffalo Grove deferred compensation program is the
ICMA- Retirement Corporation (ICMA -RC) .
2. This increase in deferred compensation shall be effective
January 1, 1992.
3. This Ordinance shall be in full force and effect upon passage.
This ordinance shall not be codified.
A YES: 6 - Marienthal Reid Kahn Rubin Braiman Hendricks
NA YES: n -
ABSENT: n -
PASSED: January 6 , 1992
APPROVED: January 6 9 199"
ATTEST: '
0 `YYl�
Village Clerk
VILLAGE OF BUFFALO GROVE
ORDINANCE NO.
ADOPTED BY THE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE
OF BUFFALO GR E
THIS _DAY OF 19�
Published in pamphlet form by authority of the
President and Board of Trustees of the Village
of Buffalo Grove, Cook & Lake Counties, Illinois,
this day of 19
�)A � "; �v
Village Cler
By
Deputy Village 'Clerk
ORDINANCE NO. 92- 6
AN ORDINANCE REGARDING DEFERRED COMPENSATION FOR
THE VILLAGE MANAGER
WHEREAS, Section 2.08.050 of the Municipal Code of the Village of
Buffalo Grove requires that the Board of Trustees shall fix from time to time
the compensation of the Village Manager by Ordinance or Resolution; and,
WHEREAS, THE Village Board has established a deferred compensation
program for the Village Manager through Ordinance 88 -02; and,
WHEREAS, the Village Board is desirous of increasing the deferred
compensation program for the Village manager.
NOW, THEREFORE, BE IT ORDAINED BY THE PRESIDENT AND BOARD
OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COOK AND LAKE
COUNTIES, ILLINOIS that:
1. An additional amount equalling two and nine - tenths percent
(2.9 %) of the Village Manager's annual salary in effect as of
January 1, each year, shall be paid by the Village into the
Village Manager's Deferred Compensation Account. The current
authorized Buffalo Grove deferred compensation program is the
ICMA- Retirement Corporation (ICMA -RC) .
2. This increase in deferred compensation shall be effective
January 1, 1992.
3. This Ordinance shall be in full force and effect upon passage.
This ordinance shall not be codified.
AYES:- 6 - Marienthal, Reid, Kahn Rubin Braiman Hendricks
NA YES:_ 0 - None
ABSENT: n -
PASSED: Tan„ar�z 6 1992
APPROVED: January 6 , 195°
ATTEST:
`- Village Clerk