HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 05_11/02/2009Minutes -Regular Council Meeting 8/13109
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MOTION: Council Member Humpage moved approval of the health insurance renewal with
Cigna and dental renewal with MetLife as presented; seconded by Council Member Tumquest;
motion carried unanimously 5-t1.
Village Manager pointed out Council approved the Station 11 Fire Rescue agreement on the
Consent Agenda and Chief Weinand provided a short update.
COMMUNICATIONS FROM CITIZENS
Frank D'Ambra, 23 Leeward Circle, commented on the Jupiter Inlet Colony resolution and
existing agreements; suggested Council reconsider the Census resolution previously passed;
and suggested the Village find alternative ways to address insurance costs.
COMMUNICATIONS FROM COUNCIL
Council Member Humpage commented on the ground breaking of the Public Safety monument
and on the recently distributed Economic Watch publication.
Council Member Arena complimented the Police Chief on National Night Out, commented on
"Operation Second Chance," and the Palm Beach Post's "Back Yard Chatter."
Mayor Watkins reminded Council of the Volunteer Recognition Celebration scheduled for
September 23, 2009 from 1:30 - 3:30 in the Council Chambers.
REGULAR AGENDA
OLD BUSINESS
15. Resolution 21-09. Public Safety Officer Pension Funding Increase from 11 % to 27.2%
FY 2008/2009 Budget (Tabled from 7/9/09 to 8/13/09)
Village Attorney White read Resolution 21-09 title into the record.
Village Manager believed the intent of Council was to defer the consideration of this item until
after a new actuarial report had been completed and felt this would provide a better picture of
the situation.
Vice-Mayor Patemo suggested placing the '. ~ ~ ~ ~ ~~ in the 09/10 budget.
Resident Frank D'Ambra, 23 Leeward Circle, voiced concern the actuarial reports were a year
behind and noted this did not happen in the private sector. Resident John Terzakis, 6 Tall
Oaks, suggested obtaining new numbers first and then make decisions on investment needs.
Public Safety Pension Board Trustee /Firefighter Ray Giblin noted the values were based on
2008 and advised the Pension Board recently updated the mortality rates, rate of return
percentage and approved smoothing. Mr. D'Ambra stated the Actuary should make
recommendations on non-investment items.
Minutes -Regular Council Meeting 8/13/09
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MOTION: Vice-Mayor Patemo moved to withdraw the item and directed the Village
Manager to place $340, 000 in the FY 09/10 budget with adjustments to be made as
necessary; seconded Council Member Turnquest; motion carried unanimously 5-0.
16. Ordinance 14-09, Second Reading, Amending Exhibit "A" of Section 2-30 of Code of
Ordinances relating to the General Employees' Pension Trust Funds to Expand the
Investment Provisions (First Reading 7/9/09)
Village Attomey White read Ordinance 14-09 title into the record.
Mayor Watkins opened the public hearing to Council for comment.
Pension Attomey Bonni Jensen and Ger~er~: Employee Pension Board Chair Michael Rhodes
responded to questions regarding the current rate G. r;;~;~: ~ to w"~^" Mr. Rhodes advised it
was down for the three-year period by 1.63%. Vice-Mayor Paterno voiced concc~;, ~"~~th +hp
foreign market and suggested a cap at 15%. Attomey Jensen noted the Ordinance changes
were only what were allowed by law.
Mayor Watkins opened the meeting to the public for comment; there being no comments; she
closed the public hearing.
MOTION: Council Member Humpage moved approval of Ordinance 14-09 on second
reading; seconded by Vice-Mayor Patemo; motion carried unanimously 5-0.
17. Ordinance 12-09, Second Reading, Rezoning Certain Real Property within the
Corporate Limits of the Village of Tequesta; which property consists of Eight 8.Ot Acres
of Land Recently Annexed into the Village Located at 4534 and 4546 County Line
Road, Informally Known as the Old Rood Landscaping Site; Herein Shall be Assigned
the Village Zoning Designation of "R2 -Multiple Family Dwelling District" (First Reading
7/9/09)
Village Attomey White read Ordinance 12-09 title into the record.
Mayor Watkins opened the public hearing to Council for comment; there being no comment,
she opened the meeting to the public.
Joanne Russell, 141 Magnolia Way, asked if Riverside Oaks residents would be notified of
future site plan approvals.
There being no further comments, the public hearing was closed.