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1998-005' M ITEM XII. E ORDINANCE 98- 5 AN ORDINANCE ESTABLISHING THE ANNUAL SALARY 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 annual salary received by the Village Manager by ordinance or resolution; and WHEREAS, the Village Board has determined that an increase in compensation is appropriate based on the Board's assessment of 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 the annual salary for the Village Manager shall be established at $115,000 per year effective January 1, 1998. In addition, the Village Manager shall receive a $5,000 performance bonus effective January 1, 1998. AYES: 6 - Marienthal, Reid, Rubin, Braiman, Hendricks, Glover NAYS: 0 - None ABSENT: _0 - None PASSED: January 19, 1998 APPROVED: January 19, 1998 APPROVED: SIDNEY-14_. MATHIAS Village President ATTEST: llage Cleric VILLAGE OF BUFFALO GROVE ' ORDINANCE N0. — ADOPTED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROZY9fW-,-". THIS DAY OF 199 . Published in pamphlet form by authority of the President and Board of Trustees of the Village of Buffalo Grove, Cook & L Counties, I }ois, this day of a" � -1114" _ Village. Clerk By Deputy Village Clerk ITEM XII. E ORDINANCE 98- 5 AN ORDINANCE ESTABLISHING THE ANNUAL SALARY 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 annual salary received by the Village Manager by ordinance or resolution; and WHEREAS, the Village Board has determined that an increase in compensation is appropriate based on the Board's assessment of 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 the annual salary for the Village Manager shall be established at $115,000 per year effective January 1, 1998. In addition, the Village Manager shall receive a $5,000 performance bonus effective January 1, 1998. AYES: 6 - Marienthal, Reid, Rubin, Braiman, Hendricks, Glover NAYS: 0 - None ABSENT: _0 - None PASSED: January 19, 1998 APPROVED: January 19, 1998 APPROVED: ATTEST: llage Clerk SIDNEY MATHIAS Village President