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AGENDA PACKET_2021-09-07
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AGENDA PACKET_2021-09-07
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Recommended Action: 1. Resolution No. 2021-XXX — Adopt a Resolution <br />approving the City's 2021-2022 Investment Policy. <br />2. Receive and file the Annual Statement of Investment Policy 2021-2022. <br />MINUTES: This consent Item- Resolution No. 2021-028 was approved. <br />25. Approve Prepayment for the City's Contribution to Both the CaIPERS Miscellaneous <br />and Safety Employee Pension Unfunded Liability for Fiscal Year 21-22 (General and <br />Non -General Fund) <br />Department(s): Finance and Management Services <br />Recommended Action: 1. Approve a $25,244,430 pre -payment for the City's <br />annual Unfunded Actuarial Liability to California Public Employees Retirement System <br />(CaIPERS) — Miscellaneous Plan for Fiscal Year 2021-22, to save $868,611. <br />2. Approve a $29,101,640 pre -payment for the City's annual Unfunded Actuarial <br />Liability to California Public Employees Retirement System (CaIPERS) — Safety Plan <br />for Fiscal Year 2021-22, to save $1,001,331. <br />Moved by Mayor Pro Tern Penaloza, seconded by Councilmember Mendoza to <br />Approve Consent Calendar items 3-25 with the exception of 6. <br />Councilmember Phan recused from Item 11 due to a conflict of interest. <br />YES: 7 — Bacerra, Hernandez, Lopez, Mendoza, Phan, Penaloza, Sarmiento <br />NO: 0 <br />ABSTAIN: 0 <br />ABSENT:0 <br />Status: 7-0-0-0— Pass <br />**END OF CONSENT CALENDAR** <br />I BUSINESS CALENDAR <br />26. City -Produced Events Informational Report <br />Department(s): Parks, Recreation, and Community Services <br />Recommended Action: Accept informational report relating to City -produced events <br />and provide direction to staff. <br />MINUTES: Executive Director of Parks, Recreation, and Community Agency Lisa <br />City Council 133— 13 8/l/2021 <br />
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