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________________________________________________________________________________________________ <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ May 22, 2017 <br />PUBLIC FINANCING AUTHORITY MEETING AGENDA PAGE 8 <br /> <br /> Recommendation: <br />Hold a Public Hearing and Adopt a Resolution (Attachment 1) Denying the <br />Appeal and Approving the Downtown Planned Community Permit including <br />fifteen guideline deviations, Tentative Map, Condominium Permit, Planned <br />Development Permit, Density Bonus Parking Ratio and Parking Reduction, <br />based on the findings and subject to the conditions of approval contained <br />therein, and upon consideration of the Initial Study Checklist demonstrating <br />compliance with the Downtown Precise Plan Environmental Impact Report <br />(EIR) as certified on January 24, 2011 <br /> <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY <br />DENYING THE APPEAL AND APPROVING A DOWNTOWN PLANNED <br />COMMUNITY PERMIT INCLUDING FIFTEEN GUIDELINE DEVIATIONS, <br />TENTATIVE MAP, CONDOMINIUM PERMIT, PLANNED DEVELOPMENT <br />PERMIT, DENSITY BONUS PARKING RATIO AND PARKING REDUCTION FOR <br />612 JEFFERSON AVENUE PURSUANT TO THE CITY OF REDWOOD CITY’S <br />DOWNTOWN PRECISE PLAN, SUBDIVISION ORDINANCE, AND AFFORDABLE <br />HOUSING IMPACT FEE ORDINANCE <br /> <br />9. STAFF REPORT(S) AGENDA PAGE NUMBER 310 <br /> <br /> A. Pre-funding Pension Obligations Through the Establishment of a <br />Public Agencies Post-Employment Benefits Section 115 Trust <br /> <br /> Staff contact: Kimbra McCarthy, Assistant City Manager 780-7072 <br />kmccarthy@redwoodcity.org <br /> <br /> Recommendation: <br />Direct staff to: <br />1. Prepare, for Council approval, Agreement to Establish a Public <br />Agencies Post-Employment Benefits Section 115 Trust with Public <br />Agency Retirement Services (PARS) in order to pre-fund the City’s <br />pension obligations; <br />2. Fund the initial Trust deposit with the Fiscal Year 2016 -17 year-end <br />remaining fund balance that is beyond a 15 percent General Fund <br />reserve threshold; and <br />3. Return to City Council for approval of documents required to establish <br />the Trust <br /> <br />10. MATTERS OF COUNCIL INTEREST AGENDA PAGE NUMBER 320 <br /> <br /> A. City Council Member Report of Conferences Attended <br /> <br /> B. City Council Committee Reports <br /> <br /> C. City Manager (Oral) Update <br /> <br /> Staff contact: Melissa Stevenson Diaz, City Manager 780-7301 mdiaz@redwoodcity.org <br /> <br /> <br /> <br />