HomeMy WebLinkAbout2021 09-07 CC SP MIN PENSION OBLIGATION BONDS WORKSHOPMINUTES OF A SPECIAL MEETING
NATIONAL CITY COUNCIL
PENSION OBLIGATION BONDS WORKSHOP
September 7, 2021
This meeting was conducted utilizing teleconferencing and electronic means consistent with State
of California Executive Order N-29-20 dated March 17, 2020, regarding the COVID-19 pandemic.
OPEN SESSION
CALL TO ORDER
The meeting was called to order at 5:10 p.m. by Mayor Sotelo-Solis.
ROLL CALL
Deputy City Clerk Chapel called roll.
Councilmembers present: Bush, Morrison, Rios, Rodriguez, and Sotelo-Solis.
Administrative Officials present: Raulston, Winney, Bell Jr., Chapel, Brennan, and Valadez.
PUBLIC COMMENT
None.
PENSION OBLIGATION BONDS WORKSHOP
1. Report on Ca1PERS Unfunded Accrued Liability Restructuring and Issuance of 2021
Pension Obligation Bonds.
Mayor Sotelo-Solis introduced City Manager Raulston who introduced Director of Administrative
Services Brennan who provided the report. Mike Meyer, Vice President of NHA Advisors, provided
the PowerPpint presentation titled "Pension Obligation Bond Status Update and Next Steps".
Public Comments: None.
ACTION: Provided Staff Direction and File.
Page 1 of 2
City of National City — Special Meeting Minutes (Pension OB Workshop) September 7, 2021
2. Resolution of the City Council of the City of National City adopting City Council Policy #202
entitled "Pension Funding Policy".
Mayor Sotelo-Solis introduced Director of Administrative Services Brennan who summarized the
item.
Councilmembers asked clarification questions and Staff provided responses.
Public Comments: None.
ACTION: Motion by Councilmember Morrison, seconded by Councilmember Bush to adopt
Resolution No. 2021-113.
Motion passed by unanimous vote.
ADJOURNMENT
Mayor Sotelo-Solis adjourned to the Special Meeting to the Regular Meeting of the City Council
and Community Development Commission - Housing Authority of the City of National City to be
held Tuesday, September 7, 2021 at 6:00 p.m. via teleconference.
The meeting adjourned at 5:52 p.m.
Luz Molina, ity Clerk
The foregoing minutes were approved at the Regular Meeting of Octo, 2021.
Alejandra Sotelo-Solis, Mayor
Page 2 of 2