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06/25/1984-CC-Minutes-SpecialMINUTES: Special Called Council Meeting (Workshop) June J, 1984 Thomas PRESENT: Mayor Armstrong, Bridges, Inman, Thomas, and Adkins ABSENT: Spindle OTHERS PRESENT: Lloyd Henderson, Mary Jo Stover, Jerry Jenkins, John Coker, C. G. McNeill, Kathryn Usrey, Sanfred Elieson, R. Glenn Davis, and Jan Roche. 1. The City Council held a workshop to discuss retirement programs for the city personnel. Two programs were presented: (1) SEP (Simplified Employee Pension) and (2) TMRS (Texas Municipal Retirement System.) Mr. Sanfred Elieson, Charter Financial Consultant, made the SEP presentation. Mr. Elieson explained that the SEP plan was an IRA except there was no limitation on the amount an employee could contribute. He stated it was better than a defined pension plan. Contributions do not have to be made in the same amounts. Each employee can contribute what he Feels able to contribute. Anyone who terminates has full control of the funds and can take the money with them. Elieson stated that American Capital located in Houston, Texas is an administrative and investment firm. If the city should choose to go with an insurance product (endow- ment or annuity). He stated that the SEP program had greater flexibility than the TMRS. Lloyd asked how the company recouped the administrative costs. Elieson stated the city would pay the administra- tive cost which would run approximately $S00 per year. The Mayor wanted to know if the city would contribute only on those who wish to participate. He stated the city sets the rules. IRS notification was discussed. Elieson stated if the city chooses the SEP plan the IRS would be notified. Kathryn Usrey, personnel director for the City of Denton, made the presentation on the TMRS program. She stated that TMRS required mandatory participation of all employees. 59 This mandatory participation would be established by Ordinance. TMRS is a pension plan which gives an income at a certain age. The SEP is a deferred tax plan. Council discussed vesting. S. Usrey stated the City of Denton was vested for a 10 year period. Discussion. Council requested that this item be placed on the next regular council agenda and for the city manager to request Mr. Gary Anderson with TMRS to be present to answer questions and go over the proposed plan. 2. Council discussed amendments to the zoning ordinance regard- ing planned development districts, home occupation permits and specific use permits. Mayor Armstrong stated it would definitely help the city if they had a home occupations section in the zoning ordinance. She said throughout the city, people were operating businesses illegal. The city needs something to grant permits without changing the zoning. Council requested Lloyd to check with other cities comparable to Sanger and see what type ordinance they have for dealing with these mentioned classes and present them for consideration in the very near future. Lloyd advised council that when writing the amendments he would need legal help. They agreed. 3. Council adjourned to executive session to consider and discuss personnel matters. Council reconvened to open session. Motion was made by Bridges to adjourn. Inman gave the second. Voted unan. Meeting adjourned. City Secretary MINUTES: City Council July 2, 1984 PRESENT: Mayor Armstrong, Bridges, Spindle, Thomas and Adkins ABSENT: Inman OTHERS PRESENT: Lloyd Henderson, Mary Jo Stover, B. J. Thogmartin, Gary Anderson, Christine Sauer, Debbie McGuire, Kammie Patten and Jan Roche Mayor Armstrong called the meeting to order and Lloyd gave the invocation. The pledge of allegiance to the flag followed. 1. Motion was made by Thomas to approve the minutes of the regular meeting on June 18, 1984. Bridges gave the second. Voted unan. Motion was made by Adkins to approve the minutes of the Special called meeting (workshop) on June 25, 1984. Thomas gave the second. Voted unan. 2. Spindle made the motion to approve disbursements in the amount of $27,304.61. Adkins gave the second. Voted unan. 3. Ordinance 84-7 was reviewed and discussed. Council requested that the membership be changed from (5) to (7) with those statements in the ordinance dealing with membership and terms be changed accordingly. Motion was made by Adkins to adopt Ordinance No. 84-7 with