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Coweta IDA approves 3.5% COLA and higher vacation cap for Trust Manager
Summary
The Coweta Industrial Development Authority approved an amended Trust Manager employment agreement that provides a 3.5% cost-of-living adjustment and raises the maximum vacation accrual to 280 hours.
The Coweta Industrial Development Authority on March 2 approved changes to the Trust Manager’s employment agreement, adopting a 3.5% cost-of-living adjustment (COLA) and increasing the maximum vacation accrual to 280 hours.
Trustee Naomi Hogue moved to approve the Amended and Restated Trust Manager Employment Agreement; Trustee Jeremy Barnett seconded. The trustees—Naomi Hogue, Jeremy Barnett, Daniel Beatie, Joshua Wilburn and Donald Vieth—voted aye and the motion carried.
The minutes record the board’s action but do not itemize additional compensation details beyond the stated COLA percentage nor specify an effective date beyond the March 2 approval. The board did not record any abstentions, dissenting votes, or amendments to the motion in the minutes.
The Trust Manager position will operate under the amended agreement; the Trust Manager or city staff are expected to handle implementation details and any payroll changes required to reflect the COLA.
