Monday night, Nov. 26, Pana City Council was informed that the city’s police pension fund interest rate has gone down from 7 1/2 percent in the 1950s to less than half of a percent. Bret Mason, representing Raymond James, a Decatur financial and retirement planning firm, went into detail, commenting that the pension is less than 50% funded. “It’s getting better slowly,” he concluded.
Council members were given copies of the full report by Mason.
The mayor announced that he had received the onsite construction completion by Plocher Construction, for waterworks improvements – new head tank and solids contact clarifier. The council approved a motion to approve the mayor’s signing of the agreement.
The first reading of the annual tax levy ordinance for the May 1, 2012-April 30, 2013 fiscal year was approved. It represents as much as 3% increase.
From the audience, Bill Kook, a former council member questioned the end result, meaning the raising of citizens real estate taxes. He was told the increase would equal about $1.30 per $100 evaluation.
Passage of the ordinance takes place with the second reading.
Alderman Roger Lebon asked about new gambling devices. Terry Klein, city clerk, said that one establishment will be installing new machines/terminals in two weeks.
Attorney Harlow said that based upon her review, updates are needed for the ordinance entirely. “The code needs clarified.” She also referred to the state statue in relation to fees.
Klein said the renewal date is next April 1. He said that he would issue stickers for the aforementioned establishment’s machine so that the device can be used.
In other business, the council approved passage of an ordinance, an amendment referring to inoperable vehicles, 4-3. Voting no were Raymond “Butch” Hocq, Lebon and Pierce.
A resolution approving a “memorandum of understanding” between two unions, AFSCME Council 31 and Local 726 and the City of Pana passed 6-1, with Pierce casting the “no” vote.
A proposed ordinance relating to scavengers (garbage service) through the first reading was tabled. It will be brought up at the next meeting, Dec. 10.
The meeting was adjourned at 7:28 p.m.
The city council will next meet at 7:00 p.m. on Monday, Dec. 10 at the city hall.