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RESOLUTION NO.2020 - 0(.�D <br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br />SUNNY ISLES BEACH, FLORIDA, APPROVING A FIRST <br />AMENDMENT TO THE AGREEMENT WITH CHRISTOPHER J. RUSSO <br />FOR PORTABLE TERM LIFE INSURANCE, ATTACHED HERETO AS <br />EXHIBIT "A"; AUTHORIZING THE MAYOR TO EXECUTE SAID <br />FIRST AMENDMENT; PROVIDING THE CITY ATTORNEY WITH THE <br />AUTHORITY TO EFFECTUATE THE TERMS OF THIS AGREEMENT; <br />PROVIDING FOR AN EFFECTIVE DATE. <br />WHEREAS, on July 19th, 2012 via Resolution No. 2012-1939, the City Commission <br />approved an Agreement with Christopher J. Russo ("City Manager") for the position of City <br />Manager of the City of Sunny Isles Beach; and <br />WHEREAS, after due consideration the Mayor has renegotiated the City Manager's life <br />insurance, providing for a portable term life insurance policy in an amount not to exceed Seven <br />Hundred Fifty Thousand Dollars ($750,000.00), attached hereto as Exhibit "A". <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Approval of First Amendment. The First Amendment to the Agreement with <br />Christopher J. Russo of the City of Sunny Isles Beach, attached hereto as Exhibit "A", be and the <br />same, is hereby approved. <br />Section 2. Authorization of Mayor. The Mayor is hereby authorized to execute said <br />Agreement. <br />Section 3. Authorization of the City Attorney. The City Attorney is authorized to do all <br />things necessary to effectuate the terms of this Agreement. <br />Section 4. Effective Date. This Resolution shall become effective upon adoption. <br />PASSED AND ADOPTED this 161h day of April 02 . <br />George IN. Scholl, Mayor <br />f <br />ATT S <br />Botancur, CMC, City Clerk <br />R2020 First Amend W Christopher J Russo Agmt As City Manager Page 1 of 2 <br />