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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2017-028 <br />RESOLUTION AUTHORIZING STAFF TO TRANSFER $6.2M FOR THE PURPOSE <br />OF FUNDING THE CITY'S POST-RETIREMENT HEALTH CARE PLAN TRUST <br />ADMINISTERED BY PUBLIC AGENCY RETIREMENT SERVICES (PARS) FROM <br />THE CITY'S GENERAL FUND UNRESTRICTED RESERVES <br />WHEREAS, On September 21, 2015, the City Council adopted a Prioritizing Unfunded <br />Liability Liquidation (PULL) Plan with a 5 -year goal of allocating $5,000,000 toward reducing <br />unfunded liabilities; and <br />WHEREAS, the PULL Plan calls for the City to direct up to 50% of all annual General <br />Fund carryover toward funding of unfunded liabilities; and <br />WHEREAS, 50% of the General Fund carryover from Fiscal Year 2015-16 equates to <br />$6,200,000; and <br />WHEREAS, the City Manager recommends approval of said transfer to PARS. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />follows: <br />That the City shall transfer $6,200,000 for the purpose of funding the City's post- <br />retirement health care plan trust administered by Public Agency Retirement Services (PARS) <br />from the City's General Fund Unrestricted Reserves. <br />Introduced by Mayor Cutter, and passed and adopted this 6th day of March, 2017, by the <br />following vote: <br />Members of the Council: <br />AYES: Councilmembers Ballew, Cox, Hernandez, Lee, Lopez, Thomas; <br />Mayor Cutter (7) <br />NOES: None (0) <br />ABSENT: None <br />ATTEST: =k:_11L <br />Tamika Greenwood, City Clerk <br />(0) <br />