HomeMy WebLinkAboutJuly 29, 2021 Special Mtg MinutesMINUTES OF THE SPECIAL MEETING
OF THE HOUSING AUTHORITY OF THE
CITY OF SOUTH SAN FRANCISCO
HELD ON JULY 29, 2021
The meeting was called to order by Chair L. Mercado 6:07pm, followed by the Pledge of
Allegiance. Present were as follows and a quorum was declared:
Present: Commissioners M. Rashid, L. Mercado, S. Pitocchi, D. Vong-Spillan and T. Powell
Absent: Tenant Commissioner L. Trujillo
Public Comment: None
New Business:
A. CaIPERS CEPPT Pension Prefundins Information• Jasper Jacobs/CaIPERS Representative
J. Jacobs, Representative for CaIPERS gave a presentation on investment tools to help
manage pension cost and obligation on UAL. Presentation only, no action was taken.
B. Recommendation to Approve CaIPERS Annual Lump Sum Payment of
Unfunded Liability due July 30 2021 for year 2021 thru 2022.
Executive Director, L. Taylor made the recommendation to approve a lump sum
payment of $24,905 instead of monthly payments to save the Housing Authority
$856.96 in interest charges for year 2021 through 2022. The payment is due July 30,
2021.
Motion made by D. Vong-Spillan to approve the lump sun payment in the amount of
-- --
—$24;905 forthfsyear only, seconded by Vice -Chair S: Pitacchi—Roll-Call-vot�was-ta en
as follows:
M. Rashid - Aye
T. Powell -Abstain
D. Vong-Spillan - Aye
L. Mercado - Aye
S. Pitocchi - Aye
Motion passed with 1 Abstention.
Comments from Commissioners:
Chair L. Mercado thanked Jasper Jacobs for this time and effort in presenting the information
and thanked fellow Commissioners for attending the meeting on such short notice.
Meeting adjourned at 6:33pm.
Seal
Chairperson
Attest
Secretary