Meetings Tagged "Unfunded liabilities"
May 29, 2012 – Council Meeting SUMMARY FROM THE GALLERY City Manager appointment approved. Charter Amendment Ballot Language approved – will allow district line to deviate from previous border restrictions and councilmembers could be drawn out of their district but allowed to serve out their term. $30M Bond Measure for Streets and Storm Drains and $20M Bond Measure for new warm...Read More
February 28, 2012 - Berkeley City Council Meeting SUMMARY FROM THE GALLERY PLASTIC RECYCLING: City staff was directed to research the possibility of expanding recycling to include plastics. This would not affect the work around the ban on plastic bags and would include a public education component BOND MEASURE: Approval was granted to conduct a survey for a $100Million infrastructure...Read More
SUMMARY FROM THE GALLERY Unfunded liabilities to CALPERs for employee pensions total $429,800,000 market value. This does not include the contribution made by the city on behalf of the employees. Actuary recommends a plan to get to 100% funded. Meeting Notes ACTUARY...Read More
SUMMARY FROM THE GALLERY HOUSING AND CHILD CARE MITIGATION FEES: There has not been an updated report since 1993 and pursuant to California government code requirements this needs to be done every 5 years. These fees are one-time events that are a component of new development fees and there are unexpended fees currently held in suspense. Council was split on the benefit of these fees vs....Read More