City Manager Raymond Lee will present his resignation to the Greeley City Council in a special meeting Monday.
His last day in office will be Nov. 21, but his resignation will be official Dec. 2.
“This was a mutually beneficial agreement,” outgoing Mayor John Gates told BizWest late Friday. “This all sounds negative, but it’s a fresh start for both Raymond and the city.
“We thank him for the job he has done. He was clearly a visionary,” Gates said. “But I think it was time for everybody to make this move.”
As part of a separation agreement signed by Lee, he will receive, before tax deductions, compensation for accrued salary for the most recent pay period, accrued but unused paid time off and a separation payment of $106,158.23, which is equivalent to four months of his salary.
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