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City Council Minutes Page 4 of 5 March 17, 2026 <br />MEETING OPEN TO THE PUBLIC <br />11.Presentation of a proclamation recognizing March 2026 as American Red Cross <br />month <br />Councilmember Eicher presented the proclamation. <br />12.Presentation of a proclamation recognizing March 2026 as March for Meals month <br />Councilmember Eicher presented the proclamation to recipient Cary Oldes. <br />13.Public Comment regarding items not listed on the agenda – Speakers are limited to <br />3 minutes. <br />Mayor Balch opened public comment. The following individuals provided comment: <br />Patti Joki. <br />Mayor Balch closed the public comment. <br />PUBLIC HEARINGS AND OTHER MATTERS <br />14.Receive a report and presentation on the City's pension obligation management <br />strategy and adopt the pension funding policy <br />Recommendation: <br />1.Receive a report and presentation on the City’s pension obligation management <br />strategy. <br />2.Adopt the pension funding policy effective March 17, 2026. <br />Presentation by Michael Meyer (NHA Advisors). <br />Mayor Balch opened public comment. The following individuals provided comment: <br />John Bauer. <br />Mayor Balch closed the public comment. <br />MOTION: It was moved by Councilmember Eicher to approve the item as <br />recommended. The motion failed for lack of a second. <br />MOTION: It was m/s by Councilmembers Nibert/Testa to approve the item with an <br />amendment to remove section 7, "Pension Obligation Bonds." <br />Page 31 of 846