pages: CityCouncil/2015-09-15.pdf, 12
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CityCouncil | 2015-09-15 | 12 | (15-560) Mayor Spencer stated a motion is needed to consider the remaining items, the four Council Referrals [paragraph nos. 15-561 through 15-565]. Councilmember Ezzy Ashcraft moved approval of considering the remaining items. Vice Mayor Matarrese seconded the motion, which carried by the following voice vote: Ayes: Councilmembers Daysog, Ezzy Ashcraft, Matarrese and Oddie - 4. Noes: Mayor Spencer - 1. *** Councilmember Oddie inquired whether PERS smoothing has been estimated on the five-year chart. The Finance Director responded the General Fund 5 year plan has deficits after 2017; a portion of the deficit relates to PERS smoothing impacts; the goal is to set aside part of the funds for the shortage in future years. Councilmember Oddie inquired how will it effect the estimated fund reserve at end of 5 years. The Interim City Manager responded the five-year plan is a forecast; there are no plans on how to bridge the deficit; staff is just proposing to set aside money to bridge the gap in the out years; the other benefit is that the funds cannot be spent on anything else. The Finance Director clarified the fund would be restricted for that particular purpose. Councilmember Oddie inquired whether the PERS fund anticipates a rate of return. The Finance Director responded there are other options; one option is a pension trust similar to the Other Post Employment Benefits (OPEB) trust. Urged Council to fund the emergency water supply: Mark lrons, Alameda. Urged funding the salt water tenders and resurge; expressed concern over emergency: Ken Gutleben, Alameda. Urged approval of spending money on the emergency water support; stated more should be spent: Bruce Carnes, Alameda. Expressed support for funding Estuary Park; discussed the need for fields: Peter Brand, Alameda. Urged funding the Tidal Canal: Seth Hamalian, Alameda. Regular Meeting Alameda City Council 11 September 15, 2015 | CityCouncil/2015-09-15.pdf |