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June 6, 2019 Page 4 Center Expansion and Renovation; Goebel Adult Community Center Renovation. 6. Recognize grant revenue in the amount of $300,000 and appropriate to Alex Fiore Teen Center Expansion and Renovation and Goebel Adult Community Center Renovation Project (Account 13-802-861-81005-000). 7. Authorize General Manager to enter into a contract with RRM Design Group (RRM) in the total amount of $245,000 ($221,120 plus $23,880 contingency) to prepare landscape architectural and architectural schematic, design development, and construction drawings and cost estimate for Alex Fiore Teen Center Expansion and Renovation and Goebel Adult Community Renovation Project. C. Transfer to and Invest $6.0 Million of Pension Rate Stabilization Reserves in the PARS Post -Employment Benefits Trust Lewanda stated this recommendation is the next step in the District's multi-year process focusing on unfunded liabilities. On June 7, 2018, the Board authorized transfer of $4.0 million to the Amended and Restated Pension 401(a) trust at PARS for the part-time pension and retiree stipend liabilities. On November 1, 2018, the Board authorized transfer of $4.5 million to the PARS Post -Employment Benefits Trust for Other Post -Employment Benefits (OPER). This left $8 million in the District treasury for Pension Rate Stabilization. Of the options available, Lewanda explained the reasons why staff, in conjunction with the Finance and Audit Committee, recommends the transfer of $6.0 million into the PARS Post -Employment Benefits Trust. It was moved by Holt, seconded by Cusworth, and carried 4-0 to Transfer to and Invest $6.0 Million of Pension Rate Stabilization Reserves in the PARS Post - Employment Benefits Trust 10. REPORTS AND ANNOUNCEMENTS A. Park Dedication Fees B. Goebel Senior Center Commission Meeting Minutes - April 2019 C. Investment Report - March 2019 11. DEPARTMENT REPORTS A. Parks Division Report