Citing 'exceptional job,' Mount Prospect gives village manager 5% pay hike

Mount Prospect village board members approved a 5% salary increase for Village Manager Michael Cassady at Tuesday's board meeting.

Trustees voted for the raise without discussion as part of the meeting's consent agenda.

The pay hike takes Cassady's salary from $223,587 to $235,000. The board also awarded a $15,000 bonus.

"We had an aggressive list of goals for Mike in 2019 and he did an exceptional job on implementation of several key priorities in our strategic plan," Mayor Arlene Juracek said. "The value creation we have realized from new construction and annexation since he began in Mount Prospect in 2015 is significant, and the results have had a positive impact on mitigating our future property tax rate."

Highlights included the completion of construction on the 20 West and Park Terrace developments downtown. In addition, construction is underway at the Maple Street Lofts and 10 North Main developments.

Board members called the salary hike pay for performance.

"Increases in compensation are based on meeting key targets and demonstrated leadership behaviors," Juracek said.

Cassady in a statement said he is grateful for the "trust and confidence" from Juracek and village trustees.

"We have had traction on several transformative initiatives in Mount Prospect and our momentum is positive and visible to our stakeholders," he said.