City manager resigns
Terry Stewart tendered his resignation Monday, ending his eight-year career as city manager of Cape Coral.
Moments before the new council members were sworn in, Stewart instructed the sitting council he was indeed resigning, effective immediately.
Stewart will receive six months severance pay, including continued health care benefits for himself and his family for that time frame or until he finds employment. The resignation also dictates that Stewart cannot purusue litigation against the city.
Stewart’s annual salary was $165,000.
It was rumored that new Mayor John Sullivan was going to ask for Stewart’s resignation as one of his first acts at Monday’s meeting.
Stewart originally balked at the request, but said he changed his mind after negotiating the terms of his resignation.
“I’ve done what I needed to do to protect myself and my family,” he said.
Assistant city manager Carl Schwing will fill in as acting city manager.