Laserfiche WebLink
I 8.A.a I <br /> Councilwoman Wilcox asked what the process it to bring impact fees back. Mr. Aarons <br /> said it is an issue that is always on the list but he hasn't heard the status and will check <br /> on it. <br /> Pro Tern Lamerson said he has concerns on council oversight. The CFD's are <br /> concerning because it gives up council's autonomy in their own district for certain things <br /> to happen. Mr. Paladini said the best decision is an "either or type" decision. Staff's <br /> perspective is to recommend against using CFD's as a financial tool. Pro Tem <br /> Lamerson said Council should have some public oversight on CFD's. <br /> N <br /> d <br /> Objective#1: Stabilizing the General Fund c <br /> i <br /> Objective #2: Retire unfunded liability based on FY17-18 actuarial assumption in w° <br /> years. c <br /> a <br /> The Issue came up with the unfunded liability due to PSPRS (Public Safety Personnel a <br /> Retirement System) and would have impacted the General Fund. Council's objective N <br /> co <br /> was to get the unfunded liability paid down. There were several stakeholder meeting. <br /> The Council voted to add a .75% increase in sales tax to the ballot that was dedicated y <br /> only to PSPRS. It would be limited to ten years and then the .75% would go away. The w <br /> ballot measure was successful and now Council has addressed working on the E <br /> unfunded liability. Is this enough progress made or do is there a need to continue c <br /> stabilizing the General Fund? ° <br /> y <br /> N <br /> d <br /> Mr. Lamar said it is for a ten year levy and does Council want to have a shorter goal ;, <br /> than 10 years. <br /> co <br /> Councilwoman Orr said when they were out educating people, they talked about retiring co <br /> the .75% earlier and as soon as possible. ° <br /> ti <br /> 0 <br /> Councilman Sischka said it is very important to establish accountability with the N <br /> 0 <br /> electorate and be responsible and pay down PSPRS sooner. el <br /> co <br /> Pro Tern Lamerson said the .75% is solely dedicated to pay the unfunded liability. He <br /> agrees that it needs to be paid down as soon as possible. Mr. Paladini said it is 0 <br /> obligated. No action would need to take place by Council. d <br /> E <br /> Objective #2 A year could be identified in the obligation. This would be a measurable o <br /> objective. a <br /> Councilman Blair said the sooner it is paid, the more creditability there will be for when <br /> this needs to go to the voters again. If Council can commit to so much a year then they <br /> could plan a year when it could be paid off. Councilwoman Orr said how about using a <br /> retirement date in 2023. <br /> 3 <br /> I Packet Pg. 10 I <br />