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HomeMy WebLinkAbout5519-10/28/2019 ORDINANCE NO. 5519 AN ORDINANCE FIXING THE COMPENSATION OF MAYOR AND COUNCIL MEMBERS OF THE CITY OF WATERLOO, IOWA, AND RESCINDING ORDINANCE NO. 4785. BE IT ORDAINED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA, as follows: 1. The Mayor of the City of Waterloo, Iowa, shall receive an annual salary of ninety- four thousand dollars ($94,000) for the calendar year beginning January 1, 2020 and an annual salary adjustment each subsequent July 1 thereafter, starting July 1, 2020, equal to the percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Works (CPI-W), current series, U.S. All Items, as determined by comparing the December index for the year just ended with the December index for the calendar year preceding it. 2. Each member of the Council of the City of Waterloo, Iowa, shall receive an annual salary of nine thousand two hundred seventy-two dollars and twenty-two cents ($9, 272.22) for the calendar year beginning January 1, 2020 and an annual salary adjustment each subsequent July 1 thereafter, starting July 1, 2020, equal to the percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), current series, U.S. All Items, as determined by comparing the December index for the year just ended with the December index for the calendar year preceding it. 3. In the event that there is no percentage change increase as described in paragraphs 1 and 2 above in any given year, then the salary of the Mayor and the salary of each member of the Council shall not be increased in any such year. BE IT FURTHER RESOLVED that Ordinance No. 4785 is hereby repealed in its entirety. INTRODUCED: October 14, 2019 PASSED 1sT CONSIDERATION: October 14, 2019 PASSED 2ND CONSIDERATION: October 21, 2019 PASSED 3RD CONSIDERATION: October 28, 2019 PASSED AND ADOPTED by the City Council of the City of Waterloo, Iowa, on the 28th day of October, 2019. pk- " Quentin Hart, Mayor ATTEST: /// / I A. loomed elley Fele'le City Clerk