The compensation of Aldermen of the City shall be five thousand dollars ($5,000.00) per annum, subject to a requirement that the Aldermen attend at least fifty percent (50%) of the regularly scheduled Council meetings and special Council meetings. In the event an Alderman does not attend fifty percent (50%) of said meetings, his salary shall be fifty percent (50%) of five thousand dollars ($5,000.00) or two thousand five hundred dollars ($2,500.00) per year. Committee meeting and other types of meetings other than council meetings shall not be counted in determining the fifty percent (50%) attendance requirement. The Alderman shall be paid twice per year so they receive one-half (1/2) of their payment for each six (6) month period. The calculation of the fifty percent (50%) attendance shall be based on said six (6) month period so that if an Alderman fails to attend fifty percent (50%) of the meetings during a said six (6) month period, the amount actually paid to that Alderman shall be one thousand two hundred fifty dollars ($1,250.00). (Ord. 971, 10-15-2019)