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CC RESOLUTION 4654RESOLUTION NO. 4654 A RESOLUTION EXPRESSING THE CITY COUNCIL'S INTENT TO VOLUNTARILY REDUCE INDIVIDUAL COUNCILMEMBER COMPENSATION BY 20 %. The City Council of the city of El Segundo does resolve as follows: SECTION 1: The City Council finds and declares as follows: A. Individual Councilmembers receive $900 per month as compensation for serving on the City Council pursuant to El Segundo Municipal Code ( "ESMC ") § 1 -4 -3; B. Because of the significant international, national, state and local economic crisis, the City is forced to adopt various budget austerity measures to help mitigate any reduction in public services or benefits; C. Among other things, the City Council asked that City employees accept various measures that may reduce pay or benefits in order to ensure a balanced City budget; and D. To demonstrate the Ci ouncil's support for the employees , the City Council believes it is in the public i�220 r individual Councilmembers to voluntarily reduce their compensation ;n�� ,'73 E. Councilmembers who choose to such a voluntarily reduction would be paid $720 per month in compensation. SECTION 2: Councilmembers choosing to voluntarily reduce their pay should provide written confirmation of that decision to the City Manager. SECTION 3: This Resolution will become effective immediately upon adoption and will remain effective unless superseded or repealed. ASSED AND ADOPTED this 7 APPR , V Karl H`. Berger, Ci Attorney ATTEST: Cindy M esen, City Clerk I S` day of Jugg. 2010. f , Eric Busch, Mayor