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7.1.A. - Page 36 <br /> Recommendation: <br /> Accept, by motion, the Fire Station No. 9 HVAC Replacement Project and <br /> authorize the release of retention according to city procedures. <br /> MINUTE ORDER 14 -029 <br /> 4. Section - Ordinance(s) - Second Reading /Adoption <br /> A. Zoning Code Amendments for Reasonable Accommodation, Transition <br /> and Supportive Housing and Small Residential Care Facilities <br /> Recommendation: <br /> Waive the Second Reading and Adopt an Ordinance to (1) add Article 56 <br /> establishing a Reasonable Accommodation Ordinance and (2) amend Article <br /> 2 revising the definition of dwelling to include transitional housing, supportive <br /> housing, and small residential care facilities as mandated by State law. <br /> AN ORDINANCE NO. 1130 -360 OF THE CITY COUNCIL OF THE CITY OF <br /> REDWOOD CITY AMENDING ARTICLE 2 (DEFINITIONS) AND ADDING <br /> ARTICLE 56 (REASONABLE ACCOMMODATION) TO THE REDWOOD CITY <br /> ZONING ORDINANCE (First Reading /Introduction 01/27/2014; publication <br /> 02/07/2014) <br /> 5. Section - Claim(s) and Check(s) <br /> A. Approve claims and checks dated February 10, 2014 and the usual and <br /> necessary payments through February 24, 2014 <br /> MINUTE ORDER 14 -030 <br /> 8. STAFF REPORT(S) <br /> A. Government Accounting Standards Board (GASB) issued Statement <br /> No. 68 - Accounting and Financial Reporting for Pensions <br /> Recommendation: <br /> Review information and provide policy direction as deemed appropriate. <br /> City Manager Bell made opening remarks about the upcoming budget direction but <br /> tonight staff will report on requirements and how it impacts liabilities. Also, the Council <br /> would hear about pension reforms: what it is and what it is not. <br /> Finance Director Brian Ponty presented and explained in the report (presentation on <br /> file) on the agency's new guidelines regarding reporting practices of pensions. He <br /> mentioned that GASB does have a potential of significant impact concerning pensions. <br /> GASB cannot direct pension plans on how to conduct business; but, it does say what to <br /> place on the balance sheet, what to recognize as costs, and how to calculate them. Mr. <br /> Ponty further provided the major changes of the GASB, such as disclosing the unfunded <br /> liabilities on the balance sheet that adds $174 million liability to the balance sheet. <br /> Mr. Ponty further stated that the impacts of the GASB are in budgeting, credit ratings, <br /> and ability to borrow money. He said that it's the Council's discretion on how to budget <br /> CITY COUNCIL February 10, 2014 <br /> MEETING AGENDA PAGE 8 <br />