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MINUTES <br />CITY OF PLEASANTON <br />SPECIAL CITY COUNCIL MEETING <br />June 11, 2015 <br />CALL TO ORDER <br />Mayor Thome called the special meeting to order at the hour of 3:30 p.m. <br />ROLL CALL <br />Present: Councilmembers Brown, Narum, Olson, Mayor Thorne <br />Absent: Councilmember Pentin <br />PUBLIC COMMENT: None <br />PUBLIC HEARING AND OTHER MATTERS: <br />1. Approve the appropriation of $12.5 million from the retiree medical reserve fund and $1.7 <br />million from the FY 2014/15 general fund year -end surplus for a total of 14.2 million to <br />prefund the City's CaIPERS and Retiree Health (OPEB) liabilities <br />Tina Olson, Director of Finance, presented the agenda report and gave an overview of the <br />City's unfunded pension related liabilities and total annual savings the city would receive <br />prefunding $17.7 million toward the PERS and OPED unfunded liabilities. <br />MOTION: It was m/s by Narum/Thorne to approve the proposed appropriation of 12.5 million <br />from the Retiree Medical Reserve Fund and $1,708,218 from the General Fund's FY 2014/15 <br />estimated year -end surplus to pre -fund the City's pension - related liabilities. Motion passed by <br />the following vote: <br />AYES: Councilmembers Brown, Narum, Olson, Mayor Thome <br />NOES: None <br />ABSENT: Councilmember Pentin <br />ADJOURNMENT: The special meeting adjourned at 3:42 p.m. <br />Respectfully submitted, <br />Karen Diaz <br />City Clerk <br />