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HomeMy WebLinkAboutMINUTES-02/09/1988-AdjournedADJOURNED MEETING ' OF THE COUNCIL OF THE CITY OF FORT COLLINS February 9, 1988 8:00 p.m. An adjourned meeting of the Council of the City of Fort Collins was held on Tuesday, February 9, 1988 at 8:00 p.m. in the Council Information Center in the City of Fort Collins City Hall. Roll call was answered by the following Councilmembers: Estrada, Horak, Kirkpatrick, Mabry, Maxey, Stoner, and Winokur. Staff Members Present: Burkett, Huisjen, Krajicek Resolution 88-24 Authorizing the City Manager to Modify the Terms of the Southridge Greens Agreement, Adopted Following is staff's memorandum on this item: "Financial Impact ' This action will produce revenue to the City of Fort Collins amount of $195,000 in exchange for a release by the City position in land which, upon sale, would now produce little to the City. Executive Summary in a maximum of its lien or no revenue The City has received a request from Columbia Savings and the Southridge Greens developer to exchange its lien interest in unimproved parcels for assignments of utility and street repayment agreements and $50,000 cash. Staff recommends approval of such request. Background On June 3, 1986, the City entered into the Southridge Greens Agreement with Columbia Savings, Foxridge 11, Bucain Corporation, Bernard L. Cain and Clifford J. Buckley regarding the management of Southridge Greens golf course and the receipt of money from adjoining developments. Under the terms of said Agreement, the City was to receive a minimum of $60,000 per year from development and sales. The Agreement also contained a limitation that the lots in which the City had an interest would be sold only in the ordinary course of business and certain tracts would not be sold in bulk without prior written approval of the City and Foxridge 11. -409- February 9, 1988 Columbia Savings and Bucain Corporation approached the City and Foxridge 11 with a request to release their lien interests in certain tracts in ' order for Columbia to sell the undeveloped tracts in bulk. In exchange for the release of the liens, the City will receive the utility and street repayment agreements, minor water stock and rights, any remaining utility payback agreements and $100,000 in cash. The future value of this consideration may be in excess of $390,000. The City and Foxridge II have agreed to divide the repayment agreements and cash. Staff recommends that the Council authorize the City Manager to release the lien on the Southridge Greens tracts for the consideration offered by Columbia and Bucain." Councilmembers Mabry and Stoner stated they would withdraw from the discussion and vote on this item due to perceived conflicts of interest. Councilmember Maxey made a motion, seconded by Councilmember Kirkpatrick, to adopt Resolution 88-24. Director of Administrative Services Pete Dallow gave a brief presentation on this item. He and City Manager Burkett responded to questions from Council. Councilmember Kirkpatrick stated she thought it made sense to proceed with the modification of the agreement. Councilmember Winokur expressed concern about modifying the agreement. Mayor Estrada stated he was uncomfortable with the project and would like to see it brought to closure. He stated he would not support the Resolution. The vote on Councilmember Maxey's motion to adopt Resolution 88-24 was as follows: Yeas: Councilmembers Horak, Kirkpatrick, and Maxey. Nays: Councilmembers Estrada and Winokur. (Councilmembers Mabry and Stoner withdrawn) THE MOTION CARRIED. Resolution:88-25 Endorsing House Bi•TY 1168, Adopted Following is staff's memorandum on this item: "Executive Summary The City's Fire and Police Pension Boards requested that City staff explore the possibility of providing different pension plan options for firefighters and police officers. Representative Peggy Reeves is the primary sponsor for the bill (Representative Ulvang, and Senators Fowler, , -410- February 9, 1988 ' and Schaffer are cosponsors). The bill died with a tie vote Finance Committee on February 3, 1988. This Resolution, in the House along with resolutions from other interested cities, is for the purpose of encouraging the Finance Committee to revisit the bill. Representative Reeves is working to have the bill placed on the Committee's agenda again after further consideration. The bill must be out of Committee by February 19, 1988, to be considered during the 1988 session. Background City staff met with representatives of other interested cities, the Colorado Municipal League, and Fire and Police Pension Association's legal counsel to draft a bill which will amend the state statutes to allow the conversion of unaffiliated old hire police and fire pension plans. H.B. 1158 would allow the following: . 1. With the approval of at least 65% of all active members of a plan, the employer would be authorized to offer a money purchase plan to the members as an alternative to the defined benefit plan. 2. The individual member would have the option of choosing to stay in the current defined benefit plan or join a money purchase plan. 3. The employer would be required to provide each member with a disclosure statement explaining the differences between the plans and notifying the member of the minimum beginning account balance if the member chose to join the money purchase plan. 4. If any members chose to remain in the defined benefit plan, the plan would continue to be maintained as required by state statutes and local plan documents. 5. The employer would make the final determination as to whether the option of converting to a money purchase plan be offered to members of the plan after a vote is taken and the actual effect on the fund is determined. H.B. 1168 is designed to provide equity on the pension options available to Fire and Police employees hired both before and after 1978. It provides a mechanism for employees to choose the pension system that works best for them." Councilmember Winokur made a motion, seconded by Councilmember-Stoner- to. adopt Resolution 88-25. Employee Development Director Mike Powers reviewed this item and answered questions from Council. The vote on Councilmember Winokur's motion to adopt Resolution 88-25 was as follows: Yeas: Councilmembers Estrada, Horak, Kirkpatrick, Mabry, Maxey, ' Stoner, and Winokur. Nays: None. -411- February 9, 1988 THE MOTION CARRIED. Other Business Councilmember Horak requested Council him as the City's representative on and Air Quality Planning Council. make a motion officially designating the North Front Range Transportation Councilmember Mabry made a motion, seconded by Councilmember Winokur, to designate Councilmember Horak as the City's representative on the North Front Range Transportation and Air Quality Planning Council. Yeas: Councilmembers Estrada, Horak, Kirkpatrick, Mabry, Maxey, Stoner, and Winokur. Nays: None. THE MOTION CARRIED. Executive Session Authorized Councilmember Kirkpatrick made a motion, seconded by Councilmember Maxey, to adjourn into Executive Session for the purpose of discussing personnel matters relating to the performance review and salary of the City Manager. Yeas: Councilmembers Estrada, Horak, Kirkpatrick, Mabry, Maxey, Stoner, and Winokur. Nays: None. THE MOTION CARRIED. Adjournment At the conclusion of the Executive Session, Councilmember Horak made a motion, seconded by Councilmember Mabry, to adjourn the meeting. Yeas: Councilmembers Estrada, Horak, Kirkpatrick, Mabry, Maxey, Stoner, and Winokur. Nays: None. The meeting adjourned at 10:00 p,m :ATTEST-: Orb. City Clerk -412-