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City Council Minutes Page 4 of 5 March 4, 2025 Recommendation: Actions of the Zoning Administrator and Planning Commission Mayor Balch opened public comment. There being no speakers, Mayor Balch closed the public comment. Councilmember Testa requested that the application P24-0732 at 4212 First Street be brought for City Council review at a future meeting date. MOTION: It was m/s by Testa/Eicher to approve the items on the report except for the application P24-0732 that will be scheduled for City Council review at a future meeting. Motion passed by the following vote: Ayes: Councilmembers Eicher, Gaidos, Nibert, Testa, Mayor Balch Noes: None Absent: None MATTERS INITIATED BY COUNCIL With majority consensus, Councilmember Testa requested discussion at a future meeting for the City Council to consider whether the City should host the Commission Recognition event planned for April 2025. approach (assumes CalPERS will achieve their 6.8% long-term investment return), transferring approximately $2 million from the Supplemental Trust to CalPERS in 2025/26 and revisiting plan funding in the next one to two years. 2.OPEB: Continue with full Actuarial Determined Contribution funding. Mayor Balch called a recess at 9:03 p.m. and reconvened the meeting at 9:14 p.m. 9. Continued from February 20, 2025 - Receive presentation on fiscal years 2025/26 and 2026/27 General Fund baseline budget and preliminary ten-year financial forecast Recommendation: Receive a presentation providing an overview of the Fiscal Years 2025/26 and 2026/27 General Fund Baseline Budget and Preliminary Ten- Year Financial Forecast. Presentation by Susan Hsieh, Finance Director. Mayor Balch opened public comment. There being no speakers, Mayor Balch closed the public comment. 3.Actions of the Zoning Administrator and Planning Commission Page 10 of 223