TREMONT — Dana Reed is to stay on two more years as town manager under a deal inked Monday with selectmen.
Reed’s current two-year contract with the town is set to end on April 3. After coming out of an executive session, selectmen voted 4-0 to sign an amended two-year contract with Reed.
Reed said Wednesday that he is happy to be serving the town for another two years.
“Tremont has been a very good town to work for,” he said. “I’m just enjoying my time here.”
In the new contract, Reed is to be paid $86,700 annually, an increase of $1,700. His salary is to be adjusted after the first year to include any federal cost-of-living adjustment.
The town is to contribute to Reed’s retirement program an amount equal to that of other town employees and another $425 per week to Reed’s retirement health savings account. Vacation time is to be accrued at a rate of 3.85 hours per week with a cap of 160 hours.
The contract also stipulates that the town is to pay for Reed’s professional development, mileage for using his personal vehicle on town business and $12.32 per week for his personal cell phone.
Reed became interim town manager in June 2014 after then-Town Manager Carl Young resigned. In April 2015, he signed the two-year contract with the town.
Before coming to Tremont, Reed served as Bar Harbor’s town manager from 1986 to the spring of 2014.
After taking the interim town manager job in Tremont, Reed had several job interviews in other states and was a finalist for the position of city manager in Sedona, Ariz. The prospect of losing Reed prompted selectmen to begin negotiating the current contract.