|
| | | | | * COVID-19 NOTICE * | | |
Not available
|
Not available
|
|
| | | | | Consistent with the California Governor’s Executive Order No. N-29-20, Resolution No. 79485 from the City of San José and the Santa Clara County Health Officer’s March 16, 2020 Shelter in Place Order, the City Council meeting will not be physically open to the public and the City Council will be teleconferencing from remote locations. | | |
Not available
|
Not available
|
|
| | | | | How to observe the Meeting (no public comment): | | |
Not available
|
Not available
|
|
| | | | | 1) Cable Channel 26,
2) https://www.sanjoseca.gov/news-stories/watch-a-meeting, or
3) https://www.youtube.com/CityofSanJoseCalifornia
| | |
Not available
|
Not available
|
|
| | | | | How to submit written Public Comment before the City Council Meeting: | | |
Not available
|
Not available
|
|
| | | | | 1) Use the eComment tab located on the City Council Agenda page. eComments are also directly sent to the ilegislate application used by City Council and staff.
2) By email to city.clerk@sanjoseca.gov by 3:00 p.m. on April 22, 2021. Those emails will be attached to the Council Item under “Letters from the Public.” Please identify the Agenda Item Number in the subject line of your email.
| | |
Not available
|
Not available
|
|
| | | | | How to submit written Public Comment during the City Council Meeting: | | |
Not available
|
Not available
|
|
| | | | | 1) Email during the meeting to councilmeeting@sanjoseca.gov, identifying the Agenda Item Number in the email subject line. Comments received will be included as a part of the meeting record but will not be read aloud during the meeting. | | |
Not available
|
Not available
|
|
| | | | | How to provide spoken Public Comment during the City Council Meeting: | | |
Not available
|
Not available
|
|
| | | | | 1) By Phone: (888) 475 4499. Webinar ID is 95189084728. Click *9 to raise a hand to speak. Click *6 to unmute when called.
Alternative phone numbers are: US: +1 (213) 338-8477 or +1 (408) 638-0968 or (877) 853-5257 (Toll Free)
2) Online at: https://sanjoseca.zoom.us/j/95189084728
a. Use a current, up-to-date browser: Chrome 30+, Firefox 27+, Microsoft Edge 12+, Safari 7+. Certain functionality may be disabled in older browsers including Internet Explorer. Mute all other audio before speaking. Using multiple devices can cause an audio feedback.
b. Enter an email address and name. The name will be visible online and will be used to notify you that it is your turn to speak.
c. When the Mayor calls for the item on which you wish to speak, click on “raise hand.” Speakers will be notified shortly before they are called to speak.
d. When called, please limit your remarks to the time limit allotted.
| | |
Not available
|
Not available
|
|
| | | | | For Closed Captions, please visit the City’s YouTube channel: | | |
Not available
|
Not available
|
|
| | | | | https://www.youtube.com/CityofSanJoseCalifornia, or website livestream https://www.sanjoseca.gov/news-stories/watch-a-meeting. | | |
Not available
|
Not available
|
|
| | | | | Purpose: To present and evaluate options for funding the City’s Unfunded Actuarial Liability (“UAL”) obligations of the City’s two retirement systems (Federated and Police and Fire), including the possibility of issuing Pension Obligation Bonds (“POBs”) and provide other preparatory work that will enable the Council to make a fully informed decision about the merits and risks of UAL funding options.
Outcome: The City Council, Administration, and stakeholders have a shared understanding of a) why addressing the UAL and its budgetary impact on the City and its two retirement plans is important; b) the risks and benefits of financing options available to address the UAL, and potential to mitigate those risks; and c) the workplan and timeline required for achieving key milestones. | | |
Not available
|
Not available
|
|
| | • | | | Call to Order and Roll Call | | |
Not available
|
Not available
|
|
| | | | | CITY COUNCIL STUDY SESSION | | |
Not available
|
Not available
|
|
| | | | | 9:00 a.m - 12:00 p.m. | | |
Not available
|
Not available
|
|
21-937
| 1 | | | Study Session | Council Study Session Pension Obligation Financing Options. | | |
Not available
|
Not available
|
|
| | 1. | | | City Manager’s Introductions and Opening Comments | | |
Not available
|
Not available
|
|
| | 2. | | | Part I – Review of Problem and Efforts to Date | | |
Not available
|
Not available
|
|
| | | | | • The Challenge
• Past Efforts to Correct Problem
• Present Efforts to Find Solutions | | |
Not available
|
Not available
|
|
| | 3. | | | Part II – Pension Obligation Financing Options | | |
Not available
|
Not available
|
|
| | | | | • Financing structures analyzed
• Quick Review/Refresh: Pension Obligation Bonds (POBs)
• Guest Speaker: Gerard Miller
• Counterpoint: Understanding the reasons NOT to issue POBs
• Perspective on GFOA's Advisory to not issue POBs | | |
Not available
|
Not available
|
|
| | 4. | | | Part III – The City’s Municipal Advisor’s Report | | |
Not available
|
Not available
|
|
| | | | | • Presentation of Municipal Advisor’s Report: Urban Futures Inc.
• Structuring “POBs 2.0”
• Mitigating the Risks of POBs
• Selected Case Studies | | |
Not available
|
Not available
|
|
| | 5. | | | Part IV – Municipal Advisor’s Report - Analysis of Potential San José POBs | | |
Not available
|
Not available
|
|
| | | | | • City Policy Considerations
• Base Case – A Sample Structure Based on City Policy Considerations
• Stress Testing of San José Scenarios
• Variations on the Base Case | | |
Not available
|
Not available
|
|
| | 6. | | | Part V: Closing Thoughts and Next Steps | | |
Not available
|
Not available
|
|
| | 7. | | | Public Comment | | |
Not available
|
Not available
|
|
| | 8. | | | Council Q&A | | |
Not available
|
Not available
|
|
| | • | | | Adjournment | | |
Not available
|
Not available
|