Fort Walton Beach Council agenda — 12-08-2010 - regular — reading text

DC the establish a plan, City will need to determine: a) The employer and employee contribution level that is most appropriate for City employees and taxpayers; 71-  b) What the vesting period should be ( example: the FRS DC plan has a one year vesting period); c) Whether the DC plan will provide for participant- directed investments among a number of investment options, or investment decisions made by a trustee; and d) What options should be provided for distribution of DC plan accounts when an employee retires; 2. City staff should work with legal counsel to prepare the necessary documents to establish a DC: plan. 3. City staff should prepare an RFP for a third party administrator for the DC plan. 72_  APPENDIX A Florida Cities with Defined Contribution Plans For General Employees Employer Contribution Employee Contribution City Belleview 7. 5% plus up to 2.5% match Voluntary up to 2.5% Cape Coral 12% 8% Cinco Bayou 4% 4% Milton 7% 10% Deland 7. 5% 5% Ft. Lauderdale 9. 0% 0 Gulfport 12% 0 12% 6% Key_Biscayne Lake Alfred 14. 3% 5% North Lauderdale 13% 5% Palmetto 15% 5% Pinecrest 13% 7% Port St. Lucie 10. 5% 0 West Palm Beach 7. 5%/ 9. 5% 7. 5% 73- THIS PAGE IS LEFT INTENTIONALLY BLANK 74-  CITY COUNCIL MEETING December 8, 2009 Appointment Appointment of a Council Representative, and an alternate, to the Headstart Board Synopsis: Term is from 1/ 1 to 12131; current member is Dick Rynearson, with Virgil Miller as alternate Agenda Item Number: 8. 1  CITY OF FORT WALTON BEACH MEMORANDUM TO: Mayor and Council FROM: Helen Spencer, City Clerk DATE: December 2, 2009 SUBJECT: Headstart Board Council Representative/Alternate 1. BACKGROUND: 1. 1 Each year Council appoints a representative and an alternate to serve on the Headstart Board. 2. DISCUSSION: 2. 1 The appointment to the Headstart Board is from January 1, 2010 through December 31, 2010. The Council representatives are: INCUMBENT: DICK RYNEARSON ALTERNATE: VIRGIL MILLER 3. RECOMMENDATION: 3. 1 Council appoint a representative and an alternate to serve on the Headstart Board from January 1, 2010 through December 31, 2010. Shve 75- THIS PAGE IS LEFT INTENTIONALLY BLANK 76-  CITY COUNCIL MEETING December 8, 2009 Appointment Appointment of a Council Representative, and an alternate, to the Northwest Florida Fair Board Synopsis: Term is from 1/ 1 to 12131; current member is Dennis Reeves, with Virgil Miller as alternate Agenda Item Number: 8. 2  CITY OF FORT WALTON BEACH MEMORANDUM TO: Mayor and Council FROM: Helen Spencer, City Clerk DATE: December Z 2009 SUBJECT. Northwest Florida Fair Board Council Representative A / lternate 1. BACKGROUND: 1. 1 Each year Council appoints a representative and an alternate to serve on the Northwest Florida Fair Board ( C. H. Rigdon, Jr., Fairgrounds). 2. DISCUSSION: 2. 1 The appointment to the Northwest Florida Fair Board is from January 1, 2010 through December 31, 2010. The Council representatives are: INCUMBENT: DENNIS REEVES ALTERNATE: VIRGIL MILLER 3. RECOMMENDATION: 3. 1 Council appoint a representative and an alternate to serve on the Northwest Florida Fair Board ( C. H. Rigdon, Jr., Fairgrounds) from January 1, 2010 through December 31, 2010. S /lve 77_ THIS PAGE IS LEFT INTENTIONALLY BLANK 78_  CITY COUNCIL MEETING December 8, 2009 Appointment Appointment of a Council Representative, and an alternate, to the Chamber of Commerce Board Synopsis: Term is from 1/ 1 to 12131; current member is Mike Anderson, with Bill Garvie as alternate Agenda Item Number: 83  CITY OF FORT WALTON BEACH MEMORANDUM TO: Mayor and Council FROM: Helen Spencer, City Clerk DATE: December 2, 2009 SUBJECT. Chamber of Commerce Council Representative /Alternate 1. BACKGROUND: 1. 1 Each year Council appoints a representative and an alternate to serve on the Chamber of Commerce Board. 2. DISCUSSION: 2. 1 The appointment to the Chamber of Commerce Board is from January 1, 2010, through December 31, 2010. The Council representatives are: INCUMBENT: MIKE ANDERSON ALTERNATE: BILL GARVIE 3. RECOMMENDATION: 3. 1 Council appoint a representative and an alternate to serve on the Chamber of Commerce Board from January 1, 2010, through December 31, 2010. S /lve 79_ THIS PAGE IS LEFT INTENTIONALLY BLAND 80-  CITY COUNCIL MEETING December 8, 2009 Discussion - Direction - Action Discussion Regarding Okaloosa County Legislative Delegation Issues. Synopsis: The Advocacy Group provided information on the issues identified Agenda Item Number: 901  The Advocacy Group MEMORANDUM TO: ROBERT MEARNS, QTY MANAGER, FORT WALTON BEACH FROM: SLATER BAYLISS, SARAH BUSK SUBJECT: ISSUE OVERVIEW DATE: 11. 19.09 CC: A wide variety of issues at the state level stand to impact the City of Fort Walton Beach during in the coming year. Below is an overview of the four issues that the City Council has requested additional information on at this time. As we get closer to the 2010 Session, we will continue to provide regular updates and memos on pending legislation. I. Caps on Property Taxes a. In 2009, the Legislature filed several joint resolutions dealing with, among other issues, limiting local government revenues, a moratorium on the imposition of impact fees and a cap on ad valorem tax assessments. These measures were unsuccessful last year and no similar legislation has been filed for the 2010 session. However, it is still very early in the process and in an election year where the legislature is going to have to cut the budget by another estimated $ 2 billion, almost anything is possible. We will continue to sharply monitor all legislation filed for language that would cap property taxes. II. Windstorm Insurance a. Legislature: No legislation amending Florida' s statutes dealing with windstorm insurance has been filed as of yet, however, there has been discussion of making changes to windstorm mitigation credits in order to prevent fraud among inspectors and homeowners attempting to take excessive advantage of the program b. Public Service Commission: Citizens Insurance Company has applied to the P S C for an average increase of 7. 5% for customers who have wind - only policies through Citizens. The PSC will rule on this request by 20th. Friday, November Rate changes would begin taking effect early in 2010. III. Drilling 81-  a. Since the summer, the Legislature has been gearing up for a heated debate on off s-hore drilling in the 2010 Session. This effort, which to -date has been spearheaded by incoming Speaker of the House Dean Cannon, has been aimed toward education and opening a dialogue between interests on either side of this important issue. Additionally, Florida State University recently held a symposium on drilling, where both sides participated in an open discussion of the issue. In another budget- cutting year, the Legislature is exploring every possible source of revenue at our state' s disposal. Thus far, the discussion has been just that —a discussion. i. Quantities /Logistics 1. Federal estimates suggest there are 1. 6 billion to 2. 8 billion barrels of oil off Florida's Gulf Coast, in addition to plentiful natural gas reserves. i.i. Fiscal Impact 1. Supporters predict the state would see a multi -billion windfall from royalties and severance taxes from oil and natural gas companies. Before exploring Florida waters, companies would have to submit a nonrefundable $ 1 million fee. The money would be used in part for a $ 300 million land -buying program, Florida Forever, and for grants to local communities for beach restoration. iii. Military Concerns 1. Eglin Air Force Base' s Air Armament Center - 13, 000 square mile test and training range 2. Military Mission Line: created in 2005, a demarcation of Eglin' s airspace extending south from Hurlburt Field