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.
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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