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conditions of approval contained therein, and upon consideration of the <br />Initial Study Checklist demonstrating compliance with the Downtown Precise <br />Plan Environmental Impact Report (EIR) as certified on January 24, 2011. <br />Motion carried 6-0-1 with Council Member Howard recused and <br />abstained. <br />RESOLUTION NO. 15588 OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY 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 />Council Member Howard returned to the Council Chambers. <br />9. STAFF REPORT(S) AGENDA PAGE NUMBER 310 <br />A. Pre -funding Pension Obligations Through the Establishment of a <br />Public Agencies Post -Employment Benefits Section 115 Trust (904) <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 MINUTE ORDER 17-105 <br />M/S Gee/Borgens to move recommendation forward and to direct staff to <br />bring a formal report to Council at a future meeting date. Motion carried <br />unanimously by electronic vote. <br />10. MATTERS OF COUNCIL INTEREST AGENDA PAGE NUMBER 320 <br />A. City Council Member Report of Conferences Attended <br />B. City Council Committee Reports <br />C. City Manager (Oral) Update <br />Staff contact: Melissa Stevenson Diaz, City Manager 780-7301 mdiaz@redwoodcity org <br />➢ Bayfront Canal Update <br />D. City Attorney Report from Closed Session - None <br />JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ May 22, 2017 <br />PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 8 <br />MINUTE BOOK NO. 66 <br />Page No. 308 <br />