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• EMPLOYMENT AGREEMENT <br /> This Agreement, made between David M. Childs , an individual <br /> resident of the State of D4innesota (hereinafter referred to as <br /> "Childs" l , and the City of Saint Anthony, a_ Minnesota municipality <br /> (hereinafter referred to as the . "City") . <br /> WITNESSETH: <br /> WHEREAS, The City desires to employ Childs to render services <br /> for, and on behalf of, the City on the terms and conditions hereinafter <br /> set forth., and Childs desires .to be retained and employed by -the City <br /> on such terms and conditions . <br /> NOW, THEREFORE, In consideration of the, premises and of the <br /> mutual covenants and agreements contained herein, the parties hereto <br /> hereby agree as follows : <br /> 1. Employment. The City hereby employs Childs as its City <br /> Manager as such term is hereinafter defined, and Childs hereby accepts <br /> such employment and agrees to perform services for the City upon the <br /> terms and conditions set forth -herein. In such capacity, Childs shall <br /> devote his full time, .attention, energy , and skill to the business <br /> of the City during .such hours as established by the City to perform <br /> his obligations hereunder. In such capacity, Childs shall render <br /> such services in a good and business-like manner and shall assume and <br /> perform such responsibilities and duties as are set forth on Exhibit A <br /> attached hereto and made a part ,hereof- and such other reasonable <br /> responsibilities and duties as may be specified from time to time by <br /> the City. <br /> 2. Term. Unless earlier terminated in accordance with Section 7 <br /> hereof, the term of Childs ' employment. hereunder shall commence <br /> January 1, 1984 and shall continue for an initial period of one year. <br /> 3. Compensation. As compensation for Childs ' services hereunder , <br /> the City shall pay to Childs an annual salary of $34 ,500 . 00 . <br /> 4 . Manner of Payment. All compensation payable to Childs hereunder <br /> is shall be subject to all required and authorized withholdings . The <br /> salary payable to Childs pursuant to Section 3 shall be payable in <br />