110118 - Laserfiche WebLink

Browse Search

November 1, 2018 Page 3 Services (PARS) and authorize the General Manager to execute the documents necessary therefore, that it be read in title only and all further readings be waived; and Approve professional services agreementwith Phase Il Systems [DBA Public Agency Retirement Services (PARS)] for professional services associated with the participation in the Trust C. Transfer to and invest $4,500,000 in the PARS Post -Employment Benefits Trust for the Conejo Recreation and Park District (CRPD) Retiree Health Care Costs (OPER) Lewanda reported on the staff recommendation and commended the Board on its success in funding for these liabilities. The $4,500,000 represents approximately 98% of the total liability. The Finance and Audit Committee (Holt and Huffer) met regarding this recommendation and concurs with the recommended action. After this action, the District will have approximately $21.5 million remaining in reserves. Staff will return to the Board at a later date with recommendations for the $5.4 million remaining in the Pension Rate Stabilization Reserve Fund It was moved by Jones, seconded by Lange, and carried 4-0 to: Authorize transfer of $4,500,000 from the District's OPEBIPT Pension reserve to the PARS Trust; and Authorize initial investment in HighMark Capital Management's Money Market Fund to be dollar -cost -averaged into the Active Moderate Portfolio over a 6 -month period. D. Casting Conejo Recreation and Park District Ballot for Special District Regular Member and Special District Alternate Member to the Ventura Local Agency Formation Commission (LAFCo) Friedl reported the District has been asked to select two candidates to fill spots on the LAFCo Board. Discussion ensued regarding the candidates presented. It was moved by Lange, seconded by Jones, and carried 4-0 to select Elaine Freeman as Special District Regular Member and Andy Waters as Special District Alternate Member to Ventura County LAFCo. E. Call for Vote for Members to Serve on California Association for Park and Recreation Indemnity (CAPRI) Board of Directors Friedl reported CAPRI is looking for selection of candidates from the three tiers of their membership. Friedl is the incumbent in the upper tier, he was appointed to serve out the term of a General Manger who retired. The middle tier contains two candidates who are both considered incumbents, as one of them moved up from the lower tier. There are no candidates for the lower tier.