Loading...
10/11/2022CITY OF GRAND TERRACE CITY COUNCIL AGENDA ● OCTOBER 11, 2022 Council Chambers Regular Meeting 6:00 PM Grand Terrace Civic Center ● 22795 Barton Road City of Grand Terrace Page 1 COMMENTS FROM THE PUBLIC The public is encouraged to address the City Council on any matter posted on the agenda or on any other matter within its jurisdiction. If you wish to address the City Council, please complete a Request to Speak card located at the front entrance and provide it to the City Clerk. Speakers will be called upon by the Mayor at the appropriate time and each person is allowed three (3) minutes speaking time. If you would like to participate telephonically and speak on an agenda item, you can access the meeting by dialing the following telephone number and you will be placed in the waiting room, muted until it is your turn to speak: *67 1-669-900-9128 Enter Meeting ID: 817 7635 5747 Password: 906144 The City wants you to know that you can also submit your comments by email to ccpubliccomment@grandterrace-ca.gov. To give the City Clerk adequate time to print out your comments for consideration at the meeting, please submit your written comments prior to 5:00 p.m.; or if you are unable to email, please call the City Clerk’s Office at (909) 954-5207 by 5:00 p.m. If you wish to have your comments read to the City Council during the appropriate Public Comment period, please indicate in the Subject Line “FOR PUBLIC COMMENT” and list the item number you wish to comment on. Comments that you want read to the City Council will be subject to the three (3) minute time limitation (approximately 350 words). Pursuant to the provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The City Council may direct staff to investigate and/or schedule certain matters for consideration at a future City Council meeting. PLEASE NOTE: Copies of staff reports and supporting documentation pertaining to each item on this agenda are available for public viewing and inspection at City Hall, 1st Floor Lobby Area and 2nd Floor Reception Area during regular business hours and on the City’s website www.grandterrace-ca.gov. For further information regarding agenda items, please contact the office of the City Clerk at (909) 954-9207, or via e-mail at dthomas@grandterrace-ca.gov. Any documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection in the City Clerk’s office at City Hall located at 22795 Barton Road during normal business hours. In addition, such documents will be posted on the City’s website at www.grandterrace-ca.gov. AMERICANS WITH DISABILITIES ACT In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk’s Office, (909) 954-5207 at least 48 hours prior to the advertised starting time of the meeting. This will enable the City to make reasonable arrangements to ensure accessibility to this meeting. Later requests will be accommodated to the extent feasible. Agenda Grand Terrace City Council October 11, 2022 City of Grand Terrace Page 2 CALL TO ORDER Convene City Council Invocation Pledge of Allegiance Roll Call Attendee Name Present Absent Late Arrived Mayor Darcy McNaboe    Mayor Pro Tem Bill Hussey    Council Member Sylvia Robles    Council Member Doug Wilson    Council Member Jeff Allen    A. REORDERING OF, ADDITIONS TO, OR REMOVAL OF ITEMS FROM THE AGENDA B. SPECIAL PRESENTATIONS C. CONSENT CALENDAR The following Consent Calendar items are expected to be routine and noncontroversial. They will be acted upon by the City Council at one time without discussion. Any Council Member, Staff Member, or Citizen may request removal of an item from the Consent calendar for discussion. 1. Waive Full Reading of Ordinances on Agenda DEPARTMENT: CITY CLERK 2. Approval of Minutes – Regular Meeting – 09/27/2022 DEPARTMENT: CITY CLERK 3. August 18, 2022 Planning Commission Meeting Minutes Update RECOMMENDATION: Receive and file. DEPARTMENT: CITY CLERK Agenda Grand Terrace City Council October 11, 2022 City of Grand Terrace Page 3 4. Adoption of Resolutions Updating the Signature Authority for the City's Bank of America, California Asset Management Program, LAIF, US Bank Safekeeping, Arrowhead Credit Union, MIDAmerica, and Empower Retirement Accounts RECOMMENDATION: Adopt the attached Resolutions updating the Signature Authority for the City’s Bank of America, California Asset Management Program, LAIF, US Bank Safekeeping, Arrowhead Credit Union, MIDAmerica, and Empower Retirement Accounts DEPARTMENT: FINANCE D. PUBLIC COMMENT This is the opportunity for members of the public to comment on any items not appearing on the regular agenda. Because of restrictions contained in California Law, the City Council may not discuss or act on any item not on the agenda, but may briefly respond to statements made or ask a question for clarification. The Mayor may also request a brief response from staff to questions raised during public comment or may request a matter be agendized for a future meeting. E. PUBLIC HEARINGS - NONE F. NEW BUSINESS 5. Report on Sale of Child Care Facility's Proceeds RECOMMENDATION: Receive and File DEPARTMENT: FINANCE G. UNFINISHED BUSINESS 6. Funding for PARS Section 115 Trust RECOMMENDATION: Consider amount for the initial funding for the PARS Section 115 Trust DEPARTMENT: FINANCE Agenda Grand Terrace City Council October 11, 2022 City of Grand Terrace Page 4 H. REQUESTS FOR FUTURE AGENDA ITEMS BY CITY COUNCIL Pursuant to City Council policy set forth in the 2030 Vision and 2014 ‐2020 Strategic Plan, if a City Council Member is interested in a task or project that will require more than one hour of staff time to complete, the item will be agendized to ask the City Council if time should be spent on preparing a report on the proposed item. In accordance with this policy, this is the opportunity for City Council Members to request that an item be placed on a future agenda and authorize staff to prepare an agenda report. To ensure compliance with the Brown Act, the request shall be submitted to the City Manager at least one week in advance of the meeting so that the topic can be included on the agenda under this section. In order for any listed item to be placed on a future agenda, the City Council must act by formal motion (i.e., requires a motion and a second) to direct the City Manager to place the item on a future agenda. Pursuant to the requirements of the Brown Act, no other items may be considered other than those listed below. 1. Explore Steps to Secure a Post Office Location in Grand Terrace Requested by: Mayor Darcy McNaboe I. CITY COUNCIL COMMUNICATIONS Council Member Jeff Allen Council Member Doug Wilson Council Member Sylvia Robles Mayor Pro Tem Bill Hussey Mayor Darcy McNaboe J. CITY MANAGER COMMUNICATIONS K. RECESS TO CLOSED SESSION CLOSED SESSION 1. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Government Code Section 54956.9(c); one or more potential cases 2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(b); one or more potential cases Agenda Grand Terrace City Council October 11, 2022 City of Grand Terrace Page 5 RECONVENE TO OPEN SESSION REPORT OUT OF CLOSED SESSION L. ADJOURN The Next Regular City Council Meeting will be held on Tuesday, October 25, 2022, at 6:00 PM. Any request to have an item placed on a future agenda must be made in writing and submitted to the City Clerk’s office and the request will be processed in accordance with Council Procedures. CITY OF GRAND TERRACE CITY COUNCIL MINUTES ● SEPTEMBER 27, 2022 Council Chambers Regular Meeting 6:00 PM Grand Terrace Civic Center ● 22795 Barton Road City of Grand Terrace Page 1 CALL TO ORDER Mayor Darcy McNaboe convened the Regular Meeting of the City Council for Tuesday, September 27, 2022, at 6:30 p.m. INVOCATION The Invocation was led by Pastor Rex Arnold of CenterPoint Church. PLEDGE OF ALLEGIANCE The Pledge of Allegiance was led by Council Member Doug Wilson. Attendee Name Title Status Arrived Darcy McNaboe Mayor Present Bill Hussey Mayor Pro Tem Present Sylvia Robles Council Member Present Doug Wilson Council Member Present Jeff Allen Council Member Present Konrad Bolowich City Manager Present Jamie Traxler Assistant City Attorney Present Debra Thomas City Clerk Present Terry Shea Interim Finance Director Present A. REORDERING OF, ADDITIONS TO, OR REMOVAL OF ITEMS FROM THE AGENDA Konrad Bolowich, City Manager announced that Agenda Item No. C.9, “Adoption of Resolutions Updating the signature Authority for the City’s & Successor Agency’s (As Applicable) Bank of America, California Asset Management Program, LAIF, US Bank Safekeeping, Arrowhead Credit Union, MIDAmerica, and Empower Retirement Accounts”, is being pulled from the September 27, 2022, agenda. B. SPECIAL PRESENTATIONS The City Council presented Certificates of Recognition to the Grand Terrace Little League softball and baseball teams celebrating their 2022 All-Star District 21 Championship achievements. C.2 Packet Pg. 6 Mi n u t e s A c c e p t a n c e : M i n u t e s o f S e p 2 7 , 2 0 2 2 6 : 0 0 P M ( C o n s e n t C a l e n d a r ) Minutes Grand Terrace City Council September 27, 2022 City of Grand Terrace Page 2 C. CONSENT CALENDAR RESULT: ADOPTED [UNANIMOUS] MOVER: Bill Hussey, Mayor Pro Tem SECONDER: Sylvia Robles, Council Member AYES: McNaboe, Hussey, Robles, Wilson, Allen 1. Waive Full Reading of Ordinances on Agenda 2. Approval of Minutes – Regular Meeting – 09/13/2022 APPROVE THE REGULAR MEETING MINUTES OF SEPTEMBER 13, 2022 3. City Department Monthly Activity Report - July 2022 RECEIVE AND FILE. 4. Approval of the August-2022 Check Register in the Amount of $813,132.93 APPROVE THE CHECK REGISTER NO. 08312022 IN THE AMOUNT OF $813,132.93 AS SUBMITTED, FOR THE MONTH ENDING AUGUST 31, 2022. 8. The City Council of the City of Grand Terrace Issue a Letter Requesting that Governor Gavin Newsom Sign on AB 1985 (R. Rivas) Organic Waste. Recovered Organic Waste Product Procurement Targets STAFF RECOMMENDS THAT THE CITY COUNCIL AUTHORIZE THE MAYOR TO EXECUTE A LETTER ON ITS BEHALF, REQUESTING GOVERNOR GAVIN NEWSOM SIGN AB 1985 (R. RIVAS) ORGANIC WASTE. RECOVERED ORGANIC WASTE PRODUCT PROCUREMENT TARGETS. 10. Adoption of a Resolution Amending Section 3.6 of Chapter III of the City of Grand Terrace Council Procedures Such that the Mayor May Sign Letters in Support of the League of California Cities and California Joint Powers Insurance Authority’s Positions on Legislation Pending Before the State Legislature or the Voters And, Further, Making Changes So that Section 3.6 Thereof is Consistent with State Law. ADOPT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA AMENDING SECTION 3.6 OF CHAPTER III OF THE CITY OF GRAND TERRACE COUNCIL PROCEDURES SUCH THAT THE MAYOR MAY SIGN LETTERS IN SUPPORT OF THE LEAGUE OF CALIFORNIA CITY’S AND CALIFORNIA JOINT POWERS INSURANCE AUTHORITY’S POSITIONS ON LEGISLATION PENDING BEFORE THE STATE LEGISLATURE OR THE VOTERS AND, FURTHER, MAKING CHANGES SO THAT SECTION 3.6 THEREOF IS CONSISTENT WITH STATE LAW. 12. Approve Professional Services Agreement for NPDES Support Services in an Amount Not to Exceed $27,000 1. APPROVE A PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF GRAND TERRACE AND LYNN MERRILL AND ASSOCIATES, INC., IN AN AMOUNT NOT TO EXCEED $27,000; AND C.2 Packet Pg. 7 Mi n u t e s A c c e p t a n c e : M i n u t e s o f S e p 2 7 , 2 0 2 2 6 : 0 0 P M ( C o n s e n t C a l e n d a r ) Minutes Grand Terrace City Council September 27, 2022 City of Grand Terrace Page 3 2. THE ADDITIONAL APPROPRIATION OF $13,000 TO THE NPDES DEPARTMENTAL FUND; 3. AUTHORIZE THE CITY MANAGER TO EXECUTE THE AGREEMENT, SUBJECT TO CITY ATTORNEY APPROVAL AS TO FORM. Agenda Items No. 3, 4, 5, and 11 were pulled for discussion by Mayor Pro Tem Bill Hussey 5. Community Benefit Fund Grant Award to the Terrace View Elementary PTA in the Amount of $1,725.24 APPROVE THE COMMUNITY BENEFIT FUND GRANT APPLICATION FROM THE TERRACE VIEW ELEMENTARY PTA IN THE AMOUNT OF $1,725.24 TO SUPPORT THE ANNUAL RED RIBBON WEEK & DRUG AND HEALTH AWARENESS WEEK RESULT: ADOPTED [UNANIMOUS] MOVER: Bill Hussey, Mayor Pro Tem SECONDER: Doug Wilson, Council Member AYES: McNaboe, Hussey, Robles, Wilson, Allen 6. Community Benefit Fund Grant Award to the Grand Terrace High School Wrestling Team in the Amount of $2,000.00 APPROVE THE COMMUNITY BENEFIT FUND GRANT APPLICATION FROM THE GRAND TERRACE HIGH SCHOOL WRESTLING TEAM IN THE AMOUNT OF $2,000.00 TO SUPPORT YOUTH TRAINING IN THE SPORT OF WRESTLING RESULT: ADOPTED [UNANIMOUS] MOVER: Sylvia Robles, Council Member SECONDER: Jeff Allen, Council Member AYES: McNaboe, Hussey, Robles, Wilson, Allen 7. Community Benefit Fund Grant Award to Christ the Redeemer Catholic Church in the Amount of $310.00 APPROVE THE COMMUNITY BENEFIT FUND GRANT APPLICATION FROM CHRIST THE REDEEMER CATHOLIC CHURCH IN THE AMOUNT OF $310.00 TO SUPPORT THE CHRIST THE REDEEMER CAR SHOW RESULT: ADOPTED [UNANIMOUS] MOVER: Bill Hussey, Mayor Pro Tem SECONDER: Jeff Allen, Council Member AYES: McNaboe, Hussey, Robles, Wilson, Allen 11. Approve Agreement with Loma Linda Heating and Air Conditioning Inc. for Replacement of Ten Ton HVAC Unit Servicing Grand Terrace Civic Center Community Room 1. APPROVE AGREEMENT WITH LOMA LINDA HEATING AND AIR CONDITIONING INC. FOR REPLACEMENT OF A TEN-TON HVAC UNIT C.2 Packet Pg. 8 Mi n u t e s A c c e p t a n c e : M i n u t e s o f S e p 2 7 , 2 0 2 2 6 : 0 0 P M ( C o n s e n t C a l e n d a r ) Minutes Grand Terrace City Council September 27, 2022 City of Grand Terrace Page 4 SERVICING THE GRAND TERRACE CIVIC CENTER COMMUNITY ROOM IN THE AMOUNT OF $28,689.10 WITH A 10% CONTINGENCY ($2,868.91). 2. AUTHORIZE THE CITY MANAGER TO EXECUTE THE AGREEMENT SUBJECT TO CITY ATTORNEY APPROVAL AS TO FORM. RESULT: ADOPTED [UNANIMOUS] MOVER: Jeff Allen, Council Member SECONDER: Doug Wilson, Council Member AYES: McNaboe, Hussey, Robles, Wilson, Allen D. PUBLIC COMMENT - NONE E. PUBLIC HEARINGS - NONE F. UNFINISHED BUSINESS - NONE G. NEW BUSINESS - NONE H. REQUESTS FOR FUTURE AGENDA ITEMS BY CITY COUNCIL 1. Motion: Create an Ad-Hoc Committee to Consider Cash, Grants and Other Assets to be Deployed Toward Youth Requested by: Council Member Sylvia Robles RESULT: ADOPTED [UNANIMOUS] MOVER: Sylvia Robles, Council Member SECONDER: Darcy McNaboe, Mayor AYES: McNaboe, Hussey, Robles, Wilson, Allen I. CITY COUNCIL COMMUNICATIONS Council Member Jeff Allen Council Member Jeff Allen announced the following: • On September 20, 2022, attended Coffee with a Cop. C.2 Packet Pg. 9 Mi n u t e s A c c e p t a n c e : M i n u t e s o f S e p 2 7 , 2 0 2 2 6 : 0 0 P M ( C o n s e n t C a l e n d a r ) Minutes Grand Terrace City Council September 27, 2022 City of Grand Terrace Page 5 • A new program is being implemented whereby VIN numbers can be assigned to your vehicle’s catalytic converter. • Provided a sample container to store food waste in compliance with SB 1383. Council Member Doug Wilson Council Member Doug Wilson commented that in order for the City Council to properly assess large contract costs that Council is approving, he would like to see the breakdown of each contract payment by which costs fall under the contract and which costs are one-time payments. This will assist the City Council with forecasting the budget. Council Member Sylvia Robles Council Member Sylvia Robles commented on how proud she is of the players that were recognized at tonight’s City Council meeting. Mayor Pro Tem Bill Hussey Mayor Pro Tem Bill Hussey wanted to reach out to those in the community who have been victims of domestic abuse, to contact the many programs available to seek assistance. Mayor Darcy McNaboe Mayor Darcy McNaboe announced the following: • On September 20, 2022, attended Coffee with a Cop. J. CITY MANAGER COMMUNICATIONS - NONE K. RECESS TO CLOSED SESSION Mayor McNaboe recessed the regular meeting of the City Council to closed session at 7:10 p.m. CLOSED SESSION 1. CONFERENCE WITH REAL PROPERTY NEGOTIATORS, pursuant to Government Code Section 54956.8 Property: APN 1178-251-03 City negotiator: Konrad Bolowich, City Manager Negotiating parties: Friends of Blue Mountain Under negotiation: Price and terms of payment 2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Government Code Section 54956.9(b) Number of Cases: One (1) C.2 Packet Pg. 10 Mi n u t e s A c c e p t a n c e : M i n u t e s o f S e p 2 7 , 2 0 2 2 6 : 0 0 P M ( C o n s e n t C a l e n d a r ) Minutes Grand Terrace City Council September 27, 2022 City of Grand Terrace Page 6 RECONVENE TO OPEN SESSION Mayor McNaboe reconvened the regular meeting of the City Council from closed session at 7:45 p.m. REPORT OUT OF CLOSED SESSION Agenda Item K.1 – Mayor McNaboe announced that there was no reportable action taken, however, direction was provided to staff. Agenda Item K.2 – Mayor McNaboe announced that there was no reportable action taken, however, direction was provided to staff. L. ADJOURN Mayor McNaboe adjourned the Regular Meeting of the City Council at 7:45 p.m. The Next Regular Meeting of the City will be held on Tuesday, October 11, 2022, at 6:00 p.m. _________________________________ Darcy McNaboe, Mayor _________________________________ Debra L. Thomas, City Clerk C.2 Packet Pg. 11 Mi n u t e s A c c e p t a n c e : M i n u t e s o f S e p 2 7 , 2 0 2 2 6 : 0 0 P M ( C o n s e n t C a l e n d a r ) AGENDA REPORT MEETING DATE: October 11, 2022 Council Item TITLE: August 18, 2022 Planning Commission Meeting Minutes Update PRESENTED BY: Debra Thomas, City Clerk RECOMMENDATION: Receive and file. 2030 VISION STATEMENT: This staff report supports Goal #5, Engage in Proactive Communication. BACKGROUND: Beginning with the November 14, 2017, City Council meeting, the City Manager directed the City Clerk to provide Council with a copy of the Planning Commission, Historical & Cultural Activities Committee and Volunteer Emergency Operations Committee minutes to keep Council up-to-date on those Commission/Committee activities and on January 16, 2018, the City Manager requested that the Parks & Recreation Advisory minutes be included in the Committee/Commission Report. DISCUSSION: On September 1, 2022, the Planning Commission held its Regular Meeting and approved its August 18, 2022, Regular Meeting minutes. The minutes for this meeting is included as an attachment to this report. The Commission’s next Regular Meeting is scheduled for October 6, 2022. Parks & Recreation Advisory Committee – None to Report. Historical & Cultural Activities Committee – None to Report. FISCAL IMPACT: None. ATTACHMENTS: • 08-18-2022 PC Minutes (PDF) C.3 Packet Pg. 12 APPROVALS: Debra Thomas Completed 10/03/2022 9:48 AM City Manager Completed 10/03/2022 9:48 AM City Council Pending 10/11/2022 6:00 PM C.3 Packet Pg. 13 C.3.a Packet Pg. 14 At t a c h m e n t : 0 8 - 1 8 - 2 0 2 2 P C M i n u t e s ( C o m m i t t e e a n d C o m m i s s i o n M i n u t e s ) C.3.a Packet Pg. 15 At t a c h m e n t : 0 8 - 1 8 - 2 0 2 2 P C M i n u t e s ( C o m m i t t e e a n d C o m m i s s i o n M i n u t e s ) C.3.a Packet Pg. 16 At t a c h m e n t : 0 8 - 1 8 - 2 0 2 2 P C M i n u t e s ( C o m m i t t e e a n d C o m m i s s i o n M i n u t e s ) C.3.a Packet Pg. 17 At t a c h m e n t : 0 8 - 1 8 - 2 0 2 2 P C M i n u t e s ( C o m m i t t e e a n d C o m m i s s i o n M i n u t e s ) C.3.a Packet Pg. 18 At t a c h m e n t : 0 8 - 1 8 - 2 0 2 2 P C M i n u t e s ( C o m m i t t e e a n d C o m m i s s i o n M i n u t e s ) AGENDA REPORT MEETING DATE: October 11, 2022 Council Item TITLE: Adoption of Resolutions Updating the Signature Authority for the City's Bank of America, California Asset Management Program, LAIF, US Bank Safekeeping, Arrowhead Credit Union, MIDAmerica, and Empower Retirement Accounts PRESENTED BY: Terry Shea, Interim Finance Director RECOMMENDATION: Adopt the attached Resolutions updating the Signature Authority for the City’s Bank of America, California Asset Management Program, LAIF, US Bank Safekeeping, Arrowhead Credit Union, MIDAmerica, and Empower Retirement Accounts 2030 VISION STATEMENT: This staff report supports City Council Goal #1 – Ensuring our Fiscal Viability through the continuous monitoring of revenue receipts and expenditure disbursements against approved budget appropriations. BACKGROUND: The City must update bank and investment account signature authorizations on file with the various financial institutions that hold City funds as personnel and organizational changes occur. DISCUSSION: In order to avoid a gap in signature authority when the Finance Manager is promoted to Finance Director, it is necessary to update the signature authority on all City accounts with Bank of America, California Asset Management Program, LAIF, US Bank Safekeeping, Arrowhead Credit Union, MIDAmerica, and Empower Retirement. The attached Resolutions update the signature authority for each of the institutions mentioned above for the City. The Resolutions designate the City Manager, the Interim Finance Director, and Finance Manager as the authorized signers. Staff therefore recommends the adoption of each of the attached Resolutions. FISCAL IMPACT: C.4 Packet Pg. 19 There is no fiscal impact associated with adopting the attached Resolutions. ATTACHMENTS: • Arrowhead Credit Union (DOCX) • Bank of America city Reso (DOC) • CAMP ca asset mgmt reso (DOC) • Empower Retirement (DOC) • LAIF City reso (DOC) • MIDAmerica (DOC) • US Bank safekeeping reso (DOC) APPROVALS: Terry Shea Completed 09/30/2022 12:44 PM Finance Completed 09/30/2022 12:44 PM Adrian Guerra Completed 10/04/2022 4:12 PM City Manager Completed 10/04/2022 4:14 PM City Council Pending 10/11/2022 6:00 PM C.4 Packet Pg. 20 RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR THE ARROWHEAD CREDIT UNION ACCOUNTS WHEREAS, the City of Grand Terrace (City) is a municipal corporation established under the laws of the State of California; and WHEREAS, the Arrowhead Credit Union is a not-for-profit financial cooperative established in 1949 and is governed by state credit union laws and regulations. The Arrowhead Credit Union is a cooperative, not-for-profit financial institution organized to promote thrift and provide credit to members; and WHEREAS, the City periodically needs to update its authorized signers with the Arrowhead Credit Union; and WHEREAS, the City Council designates the City Manager, Interim Finance Director and Finance Manager as authorized signers on Arrowhead Credit Union accounts; and WHEREAS, authorized signers will have the authority to deposit and withdraw funds with the Arrowhead Credit Union on behalf of the City; and WHEREAS, deposits may only come from and withdrawals may only be made by designated, authorized signers on the account; and WHEREAS, Arrowhead Credit Union requires the City to adopt a corporate resolution and authorization to designate authorized signers on bank accounts; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: Section 1. All previous resolutions of designated authorized signers with the Arrowhead Credit Union are hereby revoked. Section 2. Authorized account signers on Arrowhead Credit Union accounts are as follows: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton C.4.a Packet Pg. 21 At t a c h m e n t : A r r o w h e a d C r e d i t U n i o n [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 SECTION 3. Any one of the individuals named as an authorized signer acting on behalf of the City of Grand Terrace is authorized to initiate transactions and execute documents on behalf of the City. SECTION 4. Any two of the individuals named as authorized signers acting on behalf of the City of Grand Terrace are authorized to sign checks on behalf of the City. SECTION 5. Interest payments, withdrawals and matured investments may only be transferred to an account of the City or paid by written demand to the City. SECTION 6. The City Clerk shall certify to the passage and adoption of this Resolution, and it shall take effect and be in force. PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.a Packet Pg. 22 At t a c h m e n t : A r r o w h e a d C r e d i t U n i o n [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.a Packet Pg. 23 At t a c h m e n t : A r r o w h e a d C r e d i t U n i o n [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR BANK OF AMERICA BANK ACCOUNTS WHEREAS, the City of Grand Terrace is a municipal corporation established under the laws of the State of California; and WHEREAS, Bank of America is a federally chartered bank under the laws of the United States; and WHEREAS, the City of Grand Terrace needs to update its signature card(s) periodically with Bank of America due to changes in City staff or changes in staff duties; and WHEREAS, the City Council designates the City Manager, Interim Finance Director and Finance Manager as authorized signers on Bank of America bank accounts; and WHEREAS, Bank of America requires the City to adopt a corporate resolution and authorization to designate authorized signers on bank accounts; THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY RESOLVES THE FOLLOWING: Section 1 - All previous resolutions of designated authorized signers for the City of Grand Terrace with Bank of America are hereby revoked. Section 2 - Authorized account signers on Bank of America accounts are as follows: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton Section 3 - Any one of the individuals named as an authorized signer acting on behalf of the City of Grand Terrace is authorized to execute documents on behalf of the City. Section 4 - Any two of the individuals named as authorized signers acting on behalf of the City of Grand Terrace are authorized to sign checks on behalf of the City. Section 5 - The City Clerk shall certify to the adoption of this resolution. C.4.b Packet Pg. 24 At t a c h m e n t : B a n k o f A m e r i c a c i t y R e s o [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.b Packet Pg. 25 At t a c h m e n t : B a n k o f A m e r i c a c i t y R e s o [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.b Packet Pg. 26 At t a c h m e n t : B a n k o f A m e r i c a c i t y R e s o [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR CALIFORNIA ASSET MANAGEMENT PROGRAM WHEREAS, the City of Grand Terrace is a municipal corporation established under the laws of the State of California; and WHEREAS, the California Asset Management Trust was established pursuant to and in accordance with Joint Powers Exercise of Powers Act, by a Declaration of Trust, made as of December 15, 1989 and as subsequently amended, as a vehicle for public agencies to jointly exercise their common power to invest bond proceeds and other funds; and WHEREAS, the California Asset Management Program is an authorized investment under the investment policy of the City and under Government Code Section 53600; and WHEREAS, the City of Grand Terrace periodically needs to update its authorized signers with the California Asset Management Program; and WHEREAS, authorized signers will have the authority to deposit and withdraw funds with the California Asset Management Program on behalf of the City; and WHEREAS, deposits and withdrawals may only come from designated, authorized City operating and City investment accounts; and WHEREAS, California Asset Management Program requires the City to adopt a resolution to change authorized signers on the account; and THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY RESOLVES THE FOLLOWING: Section 1 - All previous resolutions of designated authorized signers with the California Asset Management Program are hereby revoked. Section 2 - Authorized signers on the California Asset Management Program account are as follows: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton C.4.c Packet Pg. 27 At t a c h m e n t : C A M P c a a s s e t m g m t r e s o [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 Section 3 - Any one of the named individuals is authorized to sign on behalf of the City of Grand Terrace and is authorized to execute documents on behalf of the City. Section 4 - The City Clerk shall certify to the adoption of this resolution. PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.c Packet Pg. 28 At t a c h m e n t : C A M P c a a s s e t m g m t r e s o [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.c Packet Pg. 29 At t a c h m e n t : C A M P c a a s s e t m g m t r e s o [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR THE CITY OF GRAND TERRACE DEFERRED COMPENSATION PLAN WITH EMPOWER RETIREMENT WHEREAS, the City of Grand Terrace is a municipal corporation established under the laws of the State of California; and WHEREAS, Empower Retirement is a retirement services provider in the United States; and WHEREAS, the City of Grand Terrace needs to update its deposit agreement and signature card with Empower Retirement; and WHEREAS, the City designates the City Manager, Interim Finance Director and Finance Manager as authorized signers on the City of Grand Terrace Deferred Comp Plan with Empower Retirement; and WHEREAS Empower Retirement requires the City to adopt a corporate resolution and authorization to designate authorized signers for the City’s Deferred Compensation Plan on behalf of its plan participants; THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY RESOLVES THE FOLLOWING: Section 1 - All previous resolutions of designated authorized signers with Empower Retirement are hereby revoked. Section 2 - Authorized signers on EMPOWER Retirement accounts are as follows: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton Section 3 - Any one of the individuals named as authorized signers acting on behalf of the City of Grand Terrace is authorized to execute documents on behalf of the City. . C.4.d Packet Pg. 30 At t a c h m e n t : E m p o w e r R e t i r e m e n t [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 Section 4 - The City Clerk shall certify to the adoption of this resolution. PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.d Packet Pg. 31 At t a c h m e n t : E m p o w e r R e t i r e m e n t [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.d Packet Pg. 32 At t a c h m e n t : E m p o w e r R e t i r e m e n t [ R e v i s i o n 2 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR THE LOCAL AGENCY INVESTMENT FUND WHEREAS, the City of Grand Terrace (City) is a municipal corporation established under the laws of the State of California; and WHEREAS, the Local Agency Investment Fund was established by Chapter 730, Statutes of 1976. This fund enables local government agencies or trustees to remit surplus funds, not needed for immediate expenditures, to the State Treasurer for the purpose of investment on behalf of the agency. The State Treasurer will invest such funds as part of a pooled money investment account in order to derive the maximum rate of return possible; and WHEREAS, the Local Agency Investment Fund is an authorized investment under the investment policy of the City and under Government Code Section 53600; and WHEREAS, the City periodically needs to update its authorized signers with the Local Agency Investment Fund; and WHEREAS, authorized signers will have the authority to deposit and withdraw funds with the Local Agency Investment Fund on behalf of the City; and WHEREAS, deposits may only come from and withdrawals may only be made to designated, authorized signers on the account. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS: Section 1. All previous resolutions of designated authorized signers with the Local Agency Investment Fund are hereby revoked. Section 2. The following officers or their successors in office shall be authorized signers on the Local Agency Investment Fund account: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton C.4.e Packet Pg. 33 At t a c h m e n t : L A I F C i t y r e s o [ R e v i s i o n 3 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 SECTION 3. Any one of the individuals named as an authorized signer acting on behalf of the City is authorized to initiate transactions and execute documents on behalf of the City. SECTION 4. Interest payments, withdrawals and matured investments may only be transferred to an account of the City or paid by written demand to the City. SECTION 5. the City Clerk shall certify to the passage and adoption of this Resolution, and it shall take effect and be in force. PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.e Packet Pg. 34 At t a c h m e n t : L A I F C i t y r e s o [ R e v i s i o n 3 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.e Packet Pg. 35 At t a c h m e n t : L A I F C i t y r e s o [ R e v i s i o n 3 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNER FOR THE CITY OF GRAND TERRACE ACCOUNTS WITH MIDAMERICA ADMINISTRATIVE AND RETIREMENT SOLUTIONS WHEREAS, the City of Grand Terrace is a municipal corporation established under the laws of the State of California; and WHEREAS, MIDAMERICA is a retirement plan provider for seasonal, part-time, and temporary employees that replaces Social Security; and WHEREAS, the City of Grand Terrace needs to update its deposit agreement and signature card with MIDAMERICA; and WHEREAS, the City designates the City Manager, Interim Finance Director and Finance Manager as authorized signers for Empower Retirement; and WHEREAS, MIDAMERICA requires the City to adopt a corporate resolution and authorization to designate authorized signers on the City’s retirement account on behalf of its plan participants; THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY RESOLVES THE FOLLOWING: Section 1 - All previous resolutions of designated authorized signers with Empower Retirement are hereby revoked. Section 2 - Authorized signers on MIDAMERICA Admin and Retirement accounts are as follows: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton Section 3 - Any one of the individuals named as authorized signers acting on behalf of the City of Grand Terrace is authorized to execute documents on behalf of the City. . C.4.f Packet Pg. 36 At t a c h m e n t : M I D A m e r i c a [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 Section 4 - The City Clerk shall certify to the adoption of this resolution. PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.f Packet Pg. 37 At t a c h m e n t : M I D A m e r i c a [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.f Packet Pg. 38 At t a c h m e n t : M I D A m e r i c a [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) RESOLUTION NO. 2022- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, AUTHORIZING SIGNERS FOR US BANK, SAFEKEEPING ACCOUNT WHEREAS, the City of Grand Terrace is a municipal corporation established under the laws of the State of California; and WHEREAS, the US Bank is a federally chartered bank under the laws of the United States; and WHEREAS, the City of Grand Terrace needs to update its deposit agreement, signature card or notice of incumbency with US Bank; and WHEREAS, the City designates the City Manager, Interim Finance Director and Finance Manager as authorized signers on the US Bank Safekeeping bank account; and WHEREAS US Bank requires the City to adopt a corporate resolution and Authorization to designate authorized signers on such accounts; THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE HEREBY RESOLVES THE FOLLOWING: Section 1 - All previous resolutions of designated authorized signers with US Bank are hereby revoked. Section 2 - Authorized signers on US Bank accounts are as follows:: Position Individual Name City Manager Konrad Bolowich Interim Finance Director Terry Shea Finance Manager Christine Clayton Section 3 - Any one of the individuals named as authorized signers acting on behalf of the City of Grand Terrace is authorized to execute documents on behalf of the City. Section 4 - Authorized investment held in US Bank Safekeeping account must be invested in accordance with permitted investments in California Government Code Sections 53601 and 53635. Section 5 - The City Clerk shall certify to the adoption of this resolution. C.4.g Packet Pg. 39 At t a c h m e n t : U S B a n k s a f e k e e p i n g r e s o [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) Page 2 PASSED, APPROVED AND ADOPTED by the City Council of the City of Grand Terrace, California, at its regular meeting held on the 11th day of October 2022. ____________________________ Darcy McNaboe Mayor ATTEST: ___________________________ Debra L. Thomas City Clerk APPROVED AS TO FORM: ___________________________ Adrian Guerra City Attorney C.4.g Packet Pg. 40 At t a c h m e n t : U S B a n k s a f e k e e p i n g r e s o [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) I, Debra Thomas, City Clerk of the City of Grand Terrace, do hereby certify that Resolution No. 2022-______ was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 11th day of October, 2022, by the following vote: AYES: NOES: ABSENT: ABSTAIN: ___________________________ Debra L. Thomas City Clerk C.4.g Packet Pg. 41 At t a c h m e n t : U S B a n k s a f e k e e p i n g r e s o [ R e v i s i o n 1 ] ( U p d a t e t o B a n k a n d I n v e s t m e n t A c c o u n t S i g n a t u r e A u t h o r i t y ) AGENDA REPORT MEETING DATE: October 11, 2022 Council Item TITLE: Report on Sale of Child Care Facility's Proceeds PRESENTED BY: Terry Shea, Interim Finance Director RECOMMENDATION: Receive and File 2030 VISION STATEMENT: This staff report supports Goal #1, Ensuring Fiscal Viability by addressing funding options to reduce pension costs. BACKGROUND: The City operated a childcare center at the property located at 22400 Barton Road, #200. On July 1, 2012, the City’s Child Care Program was moved from the General Fund to its own Special Revenue Fund as requested and approved by the City Council. The Child Care Services Fund was to be self-supporting, which included charging the fund an overhead cost allocation for general government services provided by the City. Those services included payroll, invoice and purchasing processing, and human resources support, among other functions. Part of payroll and human resources services included the collection and accountability for contributions (both employee and employer) remitted to the California Public Employees Retirement System (CalPERS) for retirement for all employees. In the past, retirement contributions (including unfunded accrued liability - UAL) submitted to CalPERS were calculated as percentage of payroll. Beginning with Fiscal Year 2015-16, CalPERS revised their calculation for retirement contributions as follows: · Normal retirement costs were still to be a percentage of payroll; and · The UAL as annual fixed amount. Most of the Child Care personnel were enrolled in the City’s Classic-Tier 1 program of 2.7% @ 55. In addition to the Normal Costs, the Child Care Fund was charged for their portion of the UAL based on a percentage of salaries. This resulted in a negative fund balance and borrowing from the City’s cash pool to cover the cost of the UAL. In Fiscal Year 2016-17, City Council voted to terminate City-offered Child Care services and outsourced the service to Family Services Agency (FSA) effective July 1, 2017. On June 30, 2018, FSA informed the City they would no longer be able to continue the service. The property became eligible for sale and, the City Council at its July 10, 2018, meeting F.5 Packet Pg. 42 authorized the sale of the property located at 22400 Barton Road, # 200 and authorized up to $615,550 of the proceeds of the sale to be set aside to be committed to clear the Child Care Fund’s negative balance. The property was sold on September 11, 2018, for $910,000 with commissions of $60,000, the City received $850,000 which was recorded in the Child Care Fund in FY 2018-19 (see attached Escrow Closing Statement). The following schedule details how the proceeds from the sale of the property used for the City Child Care services were used: Closing Date 09-11-2018 Proceeds from Sale 910,000$ Less: Commissions (60,000) Net Proceeds to City 850,000 Use of Proceeds: Child Care Fund Negative Fund Balance 06-30-17 (307,970)$ FY 2017-18 Allocated to Unfunded Liability (145,728) FY 2017-18 Other Expenditures (11,762) FY 2017-18 Fund Revenue 3,575 Child Care Fund Negative Fund Balance (Cash) 06-30-18 (461,885) a FY 2018-19 Allocated to Unfunded Liability (145,700) FY 2018-19 Other Expenditures (2,906) FY 2018-19 Fund Investment Earnings 3,611 FY 2018-19 Net activity (144,995) Child Care Fund - Cash Balances at 06-30-2019 243,120 FY 2019-20 Investment Earnings 1,300 Balance of Cash 244,420$ Per Council approval at the June 25, 2019 Council Meeting, the remaining balance was to be allocated as follows: Per Report Actual Child Care's portion of the FY 19-20 UAL 150,000$ 150,179$ Transferred to the General Fund for future UAL 84,450 94,241 234,450$ 244,420$ a = Recorded as a General Fund Loan and repaid with proceeds from the sale. City of Grand Terrace Child Care Fund Sources & Uses of Funds from Sale of Property F.5 Packet Pg. 43 DISCUSSION: We have attached a schedule that shows the annual UAL payments and the amounts that were allocated to the Child Care Fund from FY 2015-16 through FY 2020-21 as well as the annual UAL payments from FY 2021-22 through FY 2022-23 that the City’s General Fund has paid. For FY 2016-17 the Child Care Center had twenty-two (22) employees, eleven (11) were enrolled in the City’s Classic-Tier 1 program of 2.7% @ 55 and eleven (11) were enrolled in the City’s PEPRA Plan. Based on a current census report provided by CalPERS we were able to identify seven (7) employees who worked in the City’s Child Care Center that are currently receiving benefits. Beginning in Fiscal Year 2015-16, CalPERS developed the following for each member agency, the “Schedule of Plan’s Amortization Bases” which was to be paid over a 30- Year Amortization Schedule. This was changed to a 25-Year Amortization Schedule and includes interest payments as well as principal payments. I have included the City’s Schedule from the CalPERS Actuarial Valuation - June 30, 2020. The total amount of projected interest to be paid through Fiscal Year 2043-44 is $3,722,325. The proceeds from the sale of the facility were used to pay the City’s portion of the annual UAL payment which includes interest and were not sent to CalPERS as additional discretionary payments over and above the Normal Costs and UAL. FISCAL IMPACT: There is no fiscal impact. ATTACHMENTS: • Escrow Closing, Deposit, GL Recording (PDF) • Child Care Center Fund June 30 2018-19 Audit Report Pages (PDF) • FY 2019-20 Child Care Expenditure & Transfers GL Detail (PDF) • CALPERS Pension Status & Contributions (PDF) • Amortization Schedule & Amortizations Bases (PDF) APPROVALS: Terry Shea Completed 09/30/2022 12:39 PM Finance Completed 09/30/2022 12:47 PM City Manager Completed 10/05/2022 11:34 AM City Council Pending 10/11/2022 6:00 PM F.5 Packet Pg. 44 F.5.a Packet Pg. 45 At t a c h m e n t : E s c r o w C l o s i n g , D e p o s i t , G L R e c o r d i n g ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.a Packet Pg. 46 At t a c h m e n t : E s c r o w C l o s i n g , D e p o s i t , G L R e c o r d i n g ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.a Packet Pg. 47 At t a c h m e n t : E s c r o w C l o s i n g , D e p o s i t , G L R e c o r d i n g ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.b Packet Pg. 48 At t a c h m e n t : C h i l d C a r e C e n t e r F u n d J u n e 3 0 2 0 1 8 - 1 9 A u d i t R e p o r t P a g e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.b Packet Pg. 49 At t a c h m e n t : C h i l d C a r e C e n t e r F u n d J u n e 3 0 2 0 1 8 - 1 9 A u d i t R e p o r t P a g e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.b Packet Pg. 50 At t a c h m e n t : C h i l d C a r e C e n t e r F u n d J u n e 3 0 2 0 1 8 - 1 9 A u d i t R e p o r t P a g e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.b Packet Pg. 51 At t a c h m e n t : C h i l d C a r e C e n t e r F u n d J u n e 3 0 2 0 1 8 - 1 9 A u d i t R e p o r t P a g e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.c Packet Pg. 52 At t a c h m e n t : F Y 2 0 1 9 - 2 0 C h i l d C a r e E x p e n d i t u r e & T r a n s f e r s G L D e t a i l ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.c Packet Pg. 53 At t a c h m e n t : F Y 2 0 1 9 - 2 0 C h i l d C a r e E x p e n d i t u r e & T r a n s f e r s G L D e t a i l ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.c Packet Pg. 54 At t a c h m e n t : F Y 2 0 1 9 - 2 0 C h i l d C a r e E x p e n d i t u r e & T r a n s f e r s G L D e t a i l ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.c Packet Pg. 55 At t a c h m e n t : F Y 2 0 1 9 - 2 0 C h i l d C a r e E x p e n d i t u r e & T r a n s f e r s G L D e t a i l ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 56 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 57 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 58 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 59 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 60 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 61 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 62 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 63 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 64 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 65 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 66 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.d Packet Pg. 67 At t a c h m e n t : C A L P E R S P e n s i o n S t a t u s & C o n t r i b u t i o n s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.e Packet Pg. 68 At t a c h m e n t : A m o r t i z a t i o n S c h e d u l e & A m o r t i z a t i o n s B a s e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.e Packet Pg. 69 At t a c h m e n t : A m o r t i z a t i o n S c h e d u l e & A m o r t i z a t i o n s B a s e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) F.5.e Packet Pg. 70 At t a c h m e n t : A m o r t i z a t i o n S c h e d u l e & A m o r t i z a t i o n s B a s e s ( R e p o r t o n S a l e o f C h i l d C a r e F a c i l i t y ' s P r o c e e d s ) AGENDA REPORT MEETING DATE: October 11, 2022 Council Item TITLE: Funding for PARS Section 115 Trust PRESENTED BY: Terry Shea, Interim Finance Director RECOMMENDATION: Consider amount for the initial funding for the PARS Section 115 Trust 2030 VISION STATEMENT: This staff report supports Goal #1, Ensuring Fiscal Viability by addressing funding options to reduce pension costs. BACKGROUND: At its meeting of September 13, 2022, the City Council adopted Resolution 2022- authorizing participation in the PARS Post-Employment Benefits Trust Program Administered by Public Agency Retirement Services (PARS) which is a Section 115 Trust to address the City’s unfunded liability and to better plan for and manage the City’s unfunded pension liability. However, the initial funding amount was not approved. The City Council asked for additional information concerning the City’s Unfunded Actuarial Liability (UAL) and the disposition of the proceeds from the sale of the City’s Child Care facility property. DISCUSSION: After the discussion of the previous Staff Report on the sale of Child Care Facility’s Proceeds concerning the City’s UAL and the disposition of the proceeds from the Child Care Center property sale, Staff is looking for direction to fund the PARS Section 115 Trust. Staff is recommending using a portion of the proceeds from the sale of the Fire Station Property to the County of San Bernardino. These funds would be used to offset the UAL and the earnings can be used to help with the annual UAL payment. FISCAL IMPACT: The fiscal impact is not known at this time. APPROVALS: Terry Shea Completed 10/04/2022 9:08 AM Finance Completed 10/04/2022 9:08 AM City Manager Completed 10/05/2022 11:33 AM G.6 Packet Pg. 71 City Council Pending 10/11/2022 6:00 PM G.6 Packet Pg. 72