Housing component update, pension refinancing on Poway council agenda

The Poway City Council will talk about adopting its housing factor update, possibly refinancing some pension obligations and producing a city centre arch entry signal at its Tuesday assembly.

The council will meet at 7 p.m. in the City Council Chambers, 13325 Civic Center Generate. The assembly can also be seen almost at poway.org/councilmeetings, or via television on Cox Conversation channel 24 and Time Warner channel 19.

On the agenda is a staff-initiated request to adopt an update to Poway’s housing factor and post it to the California Division of Housing and Neighborhood Improvement for 90-day overview. Every single California municipality is expected to adopt a housing component as element of its basic prepare, in accordance to David De Vries, metropolis planner. Poway is needed to submit its up to date component for assessment by Aug. 13. The city sought general public feedback on the update in two digital group workshops held earlier this calendar year.

Also on the agenda is an item giving data on possibly refinancing particular pension obligations with the California Community Workers Retirement System making use of pension obligation bonds. Thanks to historically small desire costs, this could likely crank out foreseeable future price savings, claimed Aaron Beanan, director of finance. The informational report will incorporate a historical past of Poway pensions and options for controlling individuals pensions, as perfectly as a overview of pension obligation bonds. This involves likely advantages and pitfalls, moreover use of pension bond discounts. The personnel advice for the council to adopt a resolution authorizing the issuance of bonds does not obligate it to challenge debt and does not authorize the issuance of financial debt, Beanan extra.

The council will also be questioned to explore an item brought forward by Councilmembers Barry Leonard and Caylin Frank to make an arch entry indicator for Poway’s town middle. In accordance to the agenda item, the Poway Valley Garden Club lately began discussing the development of a local community fundraising campaign to create a welcome arch across Poway Road. Poway’s town centre is determined as the locations around Civic Centre Push and Poway Highway, the merchandise states. The agenda item asks for council consensus to support the strategy of a Poway welcome arch and the local community fundraising effort. It also asks Mayor Steve Vaus to produce a council subcommittee to function with the Poway Valley Back garden Club and other corporations on this challenge.

Also on the agenda:

  • A resolution to renew the hearth defense unique tax to be gathered on the house tax roll for fiscal calendar year 2021-22. This tax can only be applied to guidance fire protection expert services, including but not restricted to, the acquisition of products and the payment of staff fees, in accordance to Beanan.
  • A resolution to undertake the 1st Naval Gunfire Liaison Business (1st ANGLICO), primarily based at Camp Pendleton.

Speakers will be ready to make general public opinions in man or woman as well as by means of telephone or Zoom for all those observing from household. To talk and participate remotely, go to poway.org/assembly and be part of by way of computer audio or call 877-853-5247. Thorough directions on distant participation are incorporated in the conference agenda, which is out there at poway.org/councilmeetings.