pages: CityCouncil/2008-01-15.pdf, 9
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CityCouncil | 2008-01-15 | 9 | applied across the board; requested that HAB review and tighten up standards the structure does not qualify as a historical structure based upon the finding and pictorial evidence. Councilmember Gilmore moved adoption of the resolution allowing the Applicant to proceed with demolition. Vice Mayor Tam seconded the motion. Under discussion, Councilmember Matarrese directed the Applicant and staff to go through the guidelines so that Council would not need to hear a design review appeal. On the call for the question, the motion carried by unanimous voice vote - 5. (08-029) Recommendation to accept report on the Government Accounting Standards Board Statement No. 45 on accounting for other post employment benefits. John Bartel with Bartel Associates, LLC gave a Power Point presentation. Mayor Johnson stated that she does not understand why numbers are presented when CalPERS will not project out more than two years. Mr. Bartel stated that an actuarial evaluation requires that he make a best guess on healthcare costs. Mayor Johnson stated that 7.75% does not seem like a realistic number. Mr. Bartel inquired whether the percentage seems too high, to which Mayor Johnson responded in the affirmative. Mayor Johnson inquired what the return has been over the last ten years, to which Mr. Bartel responded 9%. Mayor Johnson inquired what the returns have been over the last three years. Mr. Bartel responded 12% to 13%; stated returns were 18% at the end of 2007. the short history is extremely good; the 7.75% is treated with conservatism; he believes 7.75% is an appropriate assumption. Mayor Johnson stated that everyone hopes that the federal government will do something about medical inflation; inquired what Regular Meeting Alameda City Council 9 January 15, 2008 | CityCouncil/2008-01-15.pdf |