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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Ann Green-Barton, Chief People Officer |
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PRESENTER(S): |
Carlton Christensen, Board Chair |
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TITLE:
title
R2026-01-01 - Resolution Approving Amendment Four to the Terms and Conditions of Employment for Executive Director Jay Fox
end
AGENDA ITEM TYPE:
Resolution
RECOMMENDATION:
Adopt Resolution R2026-01-01 to approve Amendment Four to the Executive Director Employment Agreement and approve an exception to UTA Policy UTA.05.02 as presented.
BACKGROUND:
On November 19, 2021 UTA’s Board of Trustees authorized in Resolution R2021-11-03 an employment agreement that established a period of employment and compensation for Jay Fox as Executive Director of the Authority (UTA Contract 21-P00137). Amendment One increased the authorized amount for relocation expenses. Amendment Two exercised the extension year options from the initial base period of employment and authorized a merit increase of 4% for the 2022 performance year. Amendment 3 authorized a merit increase percentage of 4% for the 2023 performance year.
DISCUSSION:
Amendment Four establishes a new period of employment consisting of a base period and an option period. The base term employment period shall be from January 1, 2026 through December 31, 2028, with a two-year option available at UTA’s sole discretion, from January 1, 2029 through December 31, 2030.
Amendment Four authorizes a merit increase of 3% for the 2026 performance year. Beginning in 2027, the employee’s base pay will increase to $310,000 or follow the administrative merit increase percentage approved for the year, whichever results in a higher annual salary. For subsequent contract years (2028-2030), the employee’s base pay will follow the administrative merit increase percentage approved for each respective year.
Amendment Four also authorizes supplemental benefits offerings: an increased 457 Plan Employer Match of 5% beginning in January 2027, provided an authorizing 457 plan amendment is approved by the Board; three additional executive vacation days per year requiring the Board’s approval of an exception to UTA Policy UTA.05.02;and a one-time signing bonus of $5,000.
ALTERNATIVES:
If not adopted, the current contract terms which are in place through January 9, 2027 will remain intact.
FISCAL IMPACT:
The base pay merit increases and supplemental benefits provided are included in UTA’s 2026 approved Operating Budget and will be budgeted in subsequent yearly Operating Budgets.
ATTACHMENTS:
• Resolution R2026-01-01