Ousted North Texas Tollway Authority executive director Jorge Figueredo, who abruptly resigned earlier this month, will be paid a year's salary unless he finds another job during that time, tollway board chairman Paul Wageman said.
Several news agencies are now reporting that the agreed amount is in the neighborhood of $260,000 and $266,000 a year.
In an interview last week with the Star-Telegram, Wageman insisted that Figueredo's departure was voluntary. Even so, he said, the board agreed behind closed doors to pay Figueredo his salary for up to a year, as spelled out in termination terms of his contract.
The NTTA posted a press release at 5 p.m. Dec. 5 announcing Figueredo's immediate departure.
Later, several sources said there was a split among the nine-member NTTA board about Figueredo's performance, with Wageman being among those who felt Figueredo had not lived up to expectations. Wageman declined to comment.
Figueredo lived in an apartment in the North Texas area during his stay -- a little more than a year --but his wife did not relocate and stayed behind in Florida, Wageman said.
State officials are watching with interest as the Plano-based tollway authority goes through yet another leadership change -- it's fourth in about five years. State laws enacted in 2007 give the tollway authority primacy -- or first dibs -- over toll projects in the Dallas-Fort Worth area.
But after paying a $3.2 billion concession fee for the rights to develop Texas 121 in Denton and Collin counties, the agency has encountered tough times in part because of the global credit crisis.
The tollway authority is the lead agency in the development of Southwest Parkway and Chisholm Trail, a proposed 28-mile toll road from downtown Fort Worth to Cleburne.