CCMIN12192017 - Laserfiche WebLink

Mr. Bartell continued his report addressing Police Safety, Fire Safety, Paying Down the Unfunded Liability and Rate Stabilization. potential funding sources, expected rating, and options for using the money, including setting up an Irrevocable Supplemental Pension Trust. Mayor Thorne asked regarding the possibility getting flexibility from the legislature for getting relief and Mr. Bartell stated he does not and stated it is very unlikely but could conceivably see a future ballot measure but even if it passed, it would be in the courts for a very long time. City Manager Fiahlo presented staff recommendations to refer this matter back to the Finance/Audit Committee to study the actions presented and return to Council with a recommendation on January 19, 2018. Councilmember Narum reported different agencies have talked about bankruptcy and asked regarding impacts to cities making the required payments. Mr. Bartell stated he believes that CALPERS's position, based on actions, to date, is that it will have no impact. Councilmember Brown stated since supplemental trust seems to be a real action, she asked if Mr. Bartell has been touting it for a while and Mr. Bartell reported two years ago was the first time an agency set up a supplemental trust, which was done by Irvine Ranch Water District. He reported it is not the best option, but it is a viable option. Councilmember Olson asked whether Council will be able to vet fiduciaries and Mr. Bartell responded affirmatively. Mayor Thorne noted there were no speakers. Councilmember Narum reported the Mosquito Abatement Board adopted a resolution creating a 115 and offered to be part of the Finance/Audit Committee. Councilmember Brown stated if Councilmember Narum would like to take her place when considering this item. she would be welcomed to. MOTION: It was m/s by Brown/Narum to refer this item back to the Finance/Audit Committee to discuss and evaluate the options which include paying unfunded liabilities or setting up a trust and to assign Councilmember Narum in lieu of Councilmember Brown to the Finance/Audi Committee to discuss and evaluate this item to bring back to Council. Motion passed by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin, Mayor Thorne Noes: None Absent: None Mayor Thorne called for a recess at 9:12 p.m. The meeting was reconvened at 9:18 p.m. with all Councilmembers, present. 17. Project status report and discussion of options for the Downtown Specific Plan Update Community Development Director Gerry Beaudin introduced the item and deferred to staff for a report. Senior Planner Shweta Bonn presented an update on the Downtown Specific Plan addressing location, the number of housing units and businesses, focus on commercial areas and the Civic Center site, and context-sensitive infill in residential areas and outlying areas. She displayed a PowerPoint presentation addressing Background. Streetscape Options for Division Street, Peters Avenue. First Street, Main Street, the options for the existing Civic Center site, direction provided by the Task Force at its November 28, 2017 meeting, the Revised Civic Center plan, differences between the original and City Council Minutes Page 7 of 10 December 19, 2017