Bettendorf schools will pay its outgoing high school principal $50,000 after he accepted a job as an educational consultant in New York state, according to an agreement released Wednesday by the district.

On June 30, Bettendorf High School Principal Jimmy Casas signed a contract for the 2016-17 school year, but on Monday, the Bettendorf School Board voted to release him from it. Casas has accepted a position as a senior fellow with the International Center for Leadership in Education in Rexford, New York.

His last day in the Bettendorf district is scheduled to be Friday. Classes at the high school start Tuesday.

According to the agreement, the district will make a one-time cash payment of $50,000 on or about Sept. 1. In return, Casas agreed not to sue anyone employed by or involved in the school district. In addition, Casas and the district agreed to make no "derogatory comments" and to decline to discuss details of talks leading to the terms of the settlement.

The agreement was signed Monday by Pepper Trahan, the board president, as well as by Casas and his attorney, Cathy Cartee of Davenport.

Trahan referred questions to district spokeswoman Celeste Miller, who directed questions to the documents released by the district. Phone calls to other Bettendorf board members were not returned by late Wednesday.

With his resignation and the board’s acceptance, the board and Casas reached a mutual agreement regarding his departure, the board said in a statement upon opening its regular meeting Monday night.

The board met in closed session Monday to discuss pending litigation for about 40 minutes before the regular meeting. The content of the closed session was not discussed during the regular meeting.

In recent meetings, the board has discussed the results of a state re-audit of school finances in 2014 that was released in May. At the time, some school board members were critical of the principal's conduct. Casas later acknowledged making "mistakes."

An interim will be appointed as high school principal for the 2016-2017 school year. The district will begin a search for a new high school principal in January 2017 with the goal of approving a hire in early spring with a start date of July 1, 2017.

The district also is searching for a superintendent. Michael Raso, who previously served as assistant superintendent, was named interim earlier this summer when Theron Schutte resigned to be superintendent in Marshalltown, Iowa.

Casas was hired in 2002, after he worked for five years as an associate principal at City High School, Iowa City. He is a native of Muscatine, Iowa.

In 2012, he was named Iowa Secondary Principal of the Year by the School Administrators of Iowa. He was one of the administrators who promoted the high school's $16.2 million expansion and improvement project in 2013, as well as $3.25 million in improvements to the school's athletic facilities.