Common Contracts
1 similar Sideletter Agreement contracts
SIDELETTER AGREEMENT BETWEENSideletter Agreement • July 8th, 2020
The unprecedented suspension of some City services and the significant loss of tax revenue (specifically Sales Taxes and Transient Occupancy Taxes) resulting from the COVID-19 pandemic is anticipated to impact the City’s financial condition for this current fiscal year through June 30, 2021 (and possibly beyond). The City desired to reopen the Compensation Plan to collaborate with employees to identify cost savings, and enter into a Sideletter Agreement which expires June 25, 2021.
