pages: CityCouncil/2010-04-20.pdf, 10
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CityCouncil | 2010-04-20 | 10 | District 84-2." Adopted. (*10-169) Resolution No. 14435, "Preliminarily Approving the Annual Report Declaring the City's Intention to Order the Levy and Collection of Assessments and Providing for Notice of Public Hearing on June 15, 2010 - Maintenance Assessment District 01-01 (Marina Cove).' Adopted. (*10-170) Resolution No. 14436, "Approving the Application for Grant Funds for the Urban Greening Planning Grant Program Under the Safe Drinking Water, Water Quality and Supply, Flood Control, River and Coastal Protection Bond Act of 2006 (Proposition 84).' Adopted. CITY MANAGER COMMUNICATIONS (10-171) Alameda and Contra Costa County City Managers' Proposal for Regional Pension Reform. The Interim City Manager gave a brief presentation. Mayor Johnson inquired when Council would receive a PERS update, to which the Interim City Manager responded Mr. Bartel will be providing a PERS actuarial update at the next Council meeting. Mayor Johnson inquired how is PERS looking right now. The Interim City Manager responded the actuarial estimates for this year are based on PERS earnings through June 30, 2008, not June 30, 2009; estimates were based on an assumption of a 7.5% rate of return; PERS rates have increased by 50% for many cities; PERS has indicated that the assumption has changed to 6%. Vice Mayor deHaan stated shortfalls addressed today, particularly pension fund shortfalls, are a result of decisions made 25 years ago; the concern is the legacy left to the City 25 or 30 years from now; the federal government made some decisions 25 to 30 years ago to split it pension fund; decisions were not made under distress; the postal service made the same decision in the early 1990's; that he is not sure whether cities are coming close to addressing the issue; cities are staying with PERS; shortfalls are paid by cities. The Interim City Manager stated the issue needs to be addressed at a statewide policy level to make PERS sustainable; cities are competing with each other; many City Manager groups have come out in a strong policy venue to indicate the necessity to tier pension systems with new hires. (10-172) Update on Ordinance Prohibiting RV, Boat, and Trailer Parking The Interim City Manager gave a brief presentation; suggested the driveway 20 foot no Regular Meeting Alameda City Council 10 April 20, 2010 | CityCouncil/2010-04-20.pdf |