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Authority outlines CEO tri‑party contract, staffing hires and legal counsel options
Summary
The board received an update on a draft tri‑party employment agreement for the CEO, plans to hire a finance director and three other positions, and a discussion about using Metro Legal versus retaining independent counsel for conflicts.
The East Bank Development Authority received a status update on the CEO employment contract and staff hiring plans and discussed legal representation options.
Ben York, chief executive officer, said the proposed CEO employment agreement will be a three‑party contract among Metro government, the authority and himself; the draft was received from Metro on Friday and staff will circulate it to the board and counsel. York said the arrangement is designed to let Metro employees who transition to the authority retain benefit structures while…
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