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HomeMy WebLinkAboutCOUNCIL - SUMMARY AGENDA - 10/05/2010 - SUMMARY AGENDA Ce CITY COUNCIL AGENDA Fort ollins Doug Hutchinson, Mayor Kelly Ohlson, District 5, Mayor Pro Tern Council Chambers Ben Manvel, District 1 City Hall West Lisa Poppaw, District 2 300 LaPorte Avenue Aislinn Kottwitz, District 3 Wade Troxell, District 4 Cablecast on City Cable Channel 14 David Roy, District 6 on the Comcast cable system Darin Atteberry, City Manager Steve Roy, City Attorney Wanda Krajicek, City Clerk The City of Fort Collins will make reasonable accommodations for access to City services, programs,and activities and will make special communication arrangements for persons with disabilities. Please call 221-6515(TDD 224-6001)for assistance. REGULAR MEETING October 5, 2010 Proclarnations and Presentations 5:30 • A. Proclamation Declaring"Diligence"as the Character Focus for October 2010 and Recognition of the "Character in Action." B. Proclamation Declaring October 3-9, 2010 as Public Power Week. C. Proclamation Declaring October 5, 2010 as United Way of Larimer County's Give, Advocate and Volunteer Day. D. Proclamation Declaring October 2010 as Disability Awareness Month. E. Proclamation Declaring October 2010 as Domestic Violence Awareness Month. Regular • 11 • PLEDGE OF ALLEGIANCE 1. CALL MEETING TO ORDER. 2. ROLL CALL. Page 2 3. CITIZEN PARTICIPATION (limited to 30 minutes) Individuals who wish to make comments regarding items scheduled on the Consent Calendar or wish to address the Council on items not specifically scheduled on the agenda must first be recognized by the Mayor or Mayor Pro Tem. Before speaking, please sign in at the table in the back of the room. The timer will buzz once when there are 30 seconds left and the light will turn yellow. The timer will buzz again at the end of the speaker's time. Each speaker is allowed 5 minutes. If there are more than 6 individuals who wish to speak, the Mayor may reduce the time allowed for each individual. • State your name and address for the record. • Applause, outbursts or other demonstrations by the audience are not allowed • Keep comments brief; if available, provide a written copy of statement to City Clerk 4. CITIZEN PARTICIPATION FOLLOW-UP This is an opportunity for the Mayor or Councilmembers to follow-up on issues raised during Citizen Participation. 5. AGENDA REVIEW: CITY MANAGER CONSENT CALENDAR The Consent Calendar consists of Items 6 through 11. This Calendar is intended to allow the City Council to spend its time and energy on the important items on a lengthy agenda. Staff recommends approval of the Consent Calendar. Anyone may request an item on this Calendar be"pulled"off the Consent Calendar and considered separately. Agenda items pulled from the Consent Calendar will be considered separately under Item No. 15, Pulled Consent Items. The Consent Calendar consists of: • Ordinance on First Reading that are routine • Ordinances on Second Reading that are routine • Those of no perceived controversy • Routine administrative actions. 6. Consideration and Approval of the Minutes of the September 7, 2010, Regular Meeting. 7. Second Reading of Ordinance No. 103, 2010, Appropriating Unanticipated Revenue in the General Fund for the Coca-Cola/Angell's Delicatessen Sign Restoration on the J. L. Hohnstein Block, 220 East Mountain Avenue. This Ordinance, unanimously adopted on First Reading on September 21, 2010, appropriates unanticipated revenue in the amount of$44,694 for the restoration of the Coca-Cola and Angell's Delicatessen sign on the J. L. Hohnstein Block, 220 East Mountain Avenue. The City was awarded a $22,200 State Historical Fund grant in 2009 by the Colorado Historical Society to restore the deteriorating historic 1958 sign. Matching funds in the amount of$22,494 will be provided by the Downtown Development Authority,the building's owner, Progressive Old Town Square, LLC,the City Page 3 of Fort Collins, and the Fort Collins Historical Society. The City will be responsible for managing the project and administering the grant and the cash match funds. 8. First Reading of Ordinance No. 104 2010 Appropriating Unanticipated Grant Revenue in the General Fund for the East Building Roof Rehabilitation of the Paramount Cottage Camp, 1544 West Oak Street. This Ordinance appropriates unanticipated revenue in the amount of$67,100 forthe east building roof rehabilitation of the Paramount Cottage Camp, 1544 West Oak Street. A grant in the amount of $33,550 is provided by the Colorado Historical Society's State Historical Fund. The building's owners, Maureen Plotnicki and Stephen Weberare providing matching funds. The State Historical Fund grant is in addition to the previous grant the City received in early 2010 for this property. The City will not be responsible for any monetary contribution, but will only be responsible for administering the grant and the cash match funds. 9. First Reading of Ordinance No. 105, 2010 Amending Ordinance No. 100, 2009, for the Purpose of Removing the Requirement to Rezone the Property Known as the Riverwalk Annexation Within One Year. When the Riverwalk property was annexed and zoned T,Transition on October 27,2009,the zoning ordinance included a requirement that the property be rezoned within one year. This item is a staff- initiated proposal to remove the deadline for rezoning the property, allowing the property to remain in the Transition "T"zone district. 10. Resolution 2010-062 Adopting the Eighth Amendment to the City of Fort Collins General Employees' Retirement Plan as Amended and Restated December 31 2001 Allowing Active Members to Continue Membership in the Plan or to Cease Membership in the Plan and Participate Exclusively in Other City Retirement Plans. Recent actuarial studies have established that, due primarily to financial market conditions over the past several years,the General Employees'Retirement Plan(GERP)is significantly underfunded and will be unable to meet its long-term financial obligations under current funding levels and reasonably anticipated financial market conditions.The Council Finance Committee,at its April 19,2010 meeting, stated it was committed to continuing the GERP. However, in light of the current economic and budgetary challenges facing the City, it appeared prudent to seek additional funding from the members to ensure the solvency of the GERP. The General Employees' Retirement Committee (GERC), its actuary, and the City's Finance Director have extensively studied and considered GERP design and funding alternatives that would strengthen and improve the long-term financial condition of the GERP, and have consulted with active GERP members to seek input into such GERP design and funding alternatives. The best alternative to improve the GERP's funding is to redirect to the GERP, on a uniform percentage basis,employer contributions currently made on behalf of active GERP members to other City retirement plans (i.e., the City's 401(a) money purchase plans and 457 deferred compensation plan), effective as of January 1, 2011. The City also intends to make` additional employer contributions to the GERP,effective January 1,2011,with such contributions based on a percentage of compensation of active GERP Members, and with an initial targeted contribution rate of three percent (3%) of member compensation, dependent on inclusion in subsequent budget and appropriation ordinances. At the request of the GERC, two alternatives to ongoing membership in the GERP will be provided to GERP members: (1) terminating active membership in the GERP, - freezing the member's GERP benefit (for later distribution under the terms of the GERP at the election of the member), and participating exclusively in other City retirement plans; or(2) ceasing membership in the GERP and participating exclusively in other City retirement plans, with the member's GERP benefit to be rolled over into one such other City retirement plan. The options will Page 4 limit the growth of the City's liability for future benefits while allowing those employees flexibility with respect to ongoing participation in the GERP and with their GERP benefits. This Resolution amends the GERP to allow for the continuation of GERP membership (including benefit accrual) for those willing to have the City's contribution on their behalf made to other retirement plans reduced by 3%, and as an alternative allows GERP members the option to exit the GERP and participate exclusively in other City retirement plans, if they so desire. Any necessary changes to the other retirement plans(401(a)money purchase plan and 457 deferred compensation plan)will be accomplished by administrative action of the City Manager, who is charged by the City Code with establishing the benefits of employment for City employees, subject to appropriation of funds by City Council. 11, Resolution 2010-065 Approving an Amendment to the Asset Allocation Parameters of the City's Investment Policy. The proposed revision to,the 2008 Investment Policy includes the following significant change: "Allow for an increase in the allocation amount of Certificate of Deposit investments from 5 percent to 15 percent. This change will allow for additional flexibility to maximize investment returns while minimizing investment risk and align the CD Investment category with the CDARS(CD Account Registry Service)investment category which is currently at 15 percent." END CONSENT 12. Consent Calendar Follow-up. This is an opportunity for Councilmembers to comment on items adopted or approved on the Consent Calendar. 13. Staff Reports. 14. Councilmember Reports. Page 5 DISCUSSION The method of debate for discussion items is as follows: • Mayor introduces the item number and subject; asks if formal presentation will be made by staff • Staff presentation (optional) • Mayor requests citizen comment on the item (five-minute limit for each citizen) • Council questions of staff on the item • Council motion on the item • Council discussion • Final Council comments • Council vote on the item Note: Time limits for individual agenda items may be revised, at the discretion of the Mayor, to ensure all citizens have an opportunity to speak. Please sign in at the table in the back of the room. The timer will buzz when there are 30 seconds left and the light will turn yellow. It will buzz again at the end of the speaker's time. There are no discussion items. 15. Pulled Consent Items. 16. Other Business. 17. Adlournment. Every Council meeting will end no later than 10:30 p.m.,except that: (1)any item of business commenced before 10:30 p.m. may be concluded before the meeting is adjourned and (2) the City Council may, by majority vote,extend a meeting until no laterthan 12:00 a.m.forthe purpose of considering additional items of business. Any matter which has been commenced and is still pending at the conclusion of the Council meeting, and all matters scheduled for consideration at the meeting.which have not yet been considered by Council, will be continued to the next regular Council meeting and will be placed first on the discussion agenda for such meeting.