Title
Change Order No. 4 to CEO Employment Agreement
Body
Agenda of: September 23, 2020
Item No.: 2020-321
Amount: N/A
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority
DATE: August 24, 2020
RE: Change Order No. 4 to CEO Employment Agreement
MOTION
Upon recommendation of William M. Wolfson, Chief Administrative and Compliance Officer, and Randal M. Brown, General Counsel, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA):
1. Approves the attached Change Order No. 4 to the CEO Employment Agreement; and
2. Requests that within 30 days of the approval of this Change Order, staff present to the Board, through its Audit Committee, material outlining potential changes to the Procurement Policy intended to promote opportunities for small businesses and disadvantaged businesses, located within GLWA's service area to participate in GLWA procurements and contract awards; and
3. Requests that as a part of its submission of the proposed biennial budget for Fiscal Years 2021-22 and 2022-23 and the proposed charges for Fiscal Year 2021-22 the CEO submit data to the Board indicating how those charges compare to other utilities and/or the consumer price index (CPI); and
4. Authorizes the Board's Chairman and GLWA General Counsel to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
On December 17, 2015, the Board entered into an Employment Agreement (Agreement) with Sue McCormick to serve as the GLWA's Chief Executive Officer (CEO). That Agreement provided for an annual salary (Section 4.1) as well as a performance-based bonus. (Section 5.1 and Attachment C). In addition, Section 5.3 of the Agreement provided the initial term for CEO McCormick's performance would end on June 30, 2017. Based upon its review of CEO McCormick's performance, on September 13, 2017, the B...
Click here for full text