HomeMy WebLinkAboutBOARD MINUTES 12-09-10MINUTES OF THE SPECIAL MEETING
' OF THE DISTRICT BOARD OF THE
CENTRAL CONTRA COSTA SANITARY DISTRICT
HELD ON DECEMBER 9, 2010
The Board of Directors of the Central Contra Costa Sanitary District convened in a special
meeting in the Board Room, 5019 Imhoff Place, Martinez, County of Contra Costa, State of
California, at 2:00 p.m. on Thursday, December 9, 2010.
President McGill called the meeting to order and requested that the Acting Secretary call roll.
1. ROLL CALL
PRESENT: Members: Hockett, Menesini, Nejedly, Williams, McGill
ABSENT: Members: None
a. PLEDGE OF ALLEGIANCE TO THE FLAG
The Board and staff joined in the Pledge of Allegiance.
2. PUBLIC COMMENTS
George Schmidt requested the Board's support for his nomination to fill the vacancy on the
Local Agency Formation Commission ( LAFCO).
President McGill announced that he intends to request the Board's support for nomination to
the LAFCO vacancy.
3. REPORTS /ANNOUNCEMENTS
GENERAL MANAGER REPORTS
1) Report on most recent Contra Costa County Employees' Retirement Association
( CCCERA) Board meeting
General Manager Kelly requested that Director of Administration Randall
Musgraves provide an update on the CCCERA meeting held on December 8,
2010.
' Mr. Musgraves stated that the CCCERA Board met on December 8 to go over a
number of issues, including the three -year "phase in" of de- pooling for employers
whose unfunded liability was increased. He stated that staff's recommendation is
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Board Minutes of December 9, 2010
not to pursue the "phase in" approach. If used, there would be an additional cost '
to the District of $100,000 to $300,000 in interest charges. He stated that on
December 7 CCCERA provided the data requested by staff, and this was
provided to John Bartel, the District's actuary, to begin reviewing the data.
Mr. Musgraves stated that the intent is to provide the Board with enough
information to make an informed decision on December 16. The following are
questions that Mr. Bartel will address at the next meeting.
1. Clearly determine whether the methodology used is sound
2. Analyze CCCERA's assumptions, determine if they are appropriate, and
provide findings
3. Evaluate how the de- pooling relates to the Paulson Settlement
4. Determine how the County and Fire District Pension Obligation Bonds
were taken into consideration to ensure that the District was fairly treated
in asset allocation
In response to Member Williams' question concerning the reaction of other
agencies, Mr. Musgraves stated that the District is not aware of their reactions.
In response to President McGill's question concerning the "phase in" of unfunded
liability, Mr. Musgraves confirmed that the unfunded liability is the result of the
retroactive de- pooling. '
General Manager James Kelly commented that District Counsel Alm will be
preparing a legal analysis that may lead to additional questions and /or
considerations, which would be discussed in closed session.
Mr. Musgraves confirmed that the CCCERA Board will meet on January 12
regarding the implementation of the 2009 rates, and reminded the Board that
CCCERA voted to de -pool by employer on October 14, 2009.
Member Hockett stated the three key issues are de- pooling, retroactivity, and
transparency regarding other costs.
President McGill asked whether specific "on the record" information was
necessary to be included to file a law suit.
Member Hockett requested information regarding the basis for the calculations
used.
President McGill commented on the complexity of the information, the
relationship between the Ventura case and the Paulson settlement, subsequent
court decisions, implications to the District, and fairness. I
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Board Minutes of December 9, 2010
The Board received the report and directed staff to prepare an agenda item for
' consideration at the next Board meeting to include an analysis of information to
make an informed decision to provide comments to CCCERA.
b. ANNOUNCEMENTS
President McGill requested that he be considered as the Special District Representative
nominee for the Contra Costa Local Agency Formation Commission ( LAFCO) by
resolution on the consent calendar at the next District Board meeting.
In response to Board Members Nejedly and Hockett concerning the purpose of the
resolution, General Manager James Kelly shared that the LAFCO process requires a
Board resolution.
The Board received the announcement without comments.
4. ETHICS TRAINING
a. A TWO -HOUR TRAINING SESSION ON ETHICS, IN COMPLIANCE WITH AB 1234
WILL BE CONDUCTED BY JENNIFER FAUGHT ESQ AND RICHARD PIO RODA
ESQ., LAW OFFICES OF MEYERS, NAVE RIBACK SILVER & WILSON
' The Board received training.
5. ADJOURNMENT
There being no further business to come before the Board, President McGill adjourned the
meeting at 4:27 p.m.
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rbara D. Hockett
President of the Board of Directors
Central Contra Costa Sanitary District
County of Contra Costa, State of California
''COUNTERSIGNED:
Elaine R. Boefime, CMC
Secrets of Central Contra Costa
Sanitary District, County of Contra Costa,
State of_California
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