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File Number: 24-086 Capital and Facilities Projects Staff proposes appropriating $793,000 for various capital and facilities projects that have been identified as high priority needs. These one-time funds will be moved to complete the projects summarized below. ·Roof Replacements: $366,000 is proposed to complete replacement of roofs at Fire Station 9, Fire Station 12, and the San Leandro History Museum. These roofs are being replaced as part of regular asset maintenance with funding from the Facilities Maintenance Fund, which does not have a sufficient balance to complete the work. The proposed allocation will allow for completion of all three roof projects. ·Bonaire Park Well: $300,000 is proposed to restore a well servicing Bonaire Park. Repair of the well will provide water to fulfill the irrigation demand of the park landscaping and reduce existing water costs. ·Parking Garage Security Cameras: $50,000 is proposed to install security cameras in the downtown parking garage. These cameras will be a crime prevention measure to improve security for garage patrons. ·Public Works Security Gate: $77,000 is proposed to replace security gates at the Public Works building. The existing gate is experiencing mechanical failure that requires frequent repair. Additionally, there is no pedestrian egress option, as the gate will only open from the weight of exiting vehicles. Risk Management General Liability Fund Staff proposes appropriating $469,738 to fund the City’s general liabilities cash assessment. The City participates in the California Joint Powers Risk Management Authority (CJPRMA), a joint powers agency administering a risk retention pool to provide excess general liability coverage for its members. Since Fiscal Year 2018-2019, CJPRMA has experienced a steady decline in its net position driven by an increase in claims coupled with higher verdicts and settlements. This decline in net position necessitates an assessment to all members who participated in CJPRMA’s liability program during deficit years. CJPRMA’s calculation of this liabilities assessment for the City is $543,142. The City’s General Fund share of this amount is $469,738. Pension Trust Fund Staff proposes appropriating and transferring $4,629,000 to the Pension Trust Fund. In September 2015, the City Council adopted the Prioritizing Unfunded Liability Liquidation (PULL) Plan, which affirmed a 5-year goal of setting aside an additional $5,000,000 toward reducing unfunded liabilities. The PULL Plan calls for the City to direct up to 50 percent of all annual General Fund carryover funds toward unfunded liabilities. In addition, the plan directs 50 percent of all General Fund land sales toward PULL. In 2021, the City Council authorized establishing the Section 115 Pension Trust Fund with PARS (managed by HighMark Capital Management). The City’s objective is setting aside funds and accumulating investment earnings to buy down the City’s unfunded pension liability. The City’s prior contributions to the Trust total $20,695,500. The Net Pension Liability reported as of June 30, 2023, amounts to $240,900,000. Transferring $4,629,000 to the Pension Trust further reduces outstanding Net Pension Liability by 1.3%. Deficit Reduction Page 3 City of San Leandro Printed on 3/14/2024