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City Council Minutes <br /> August 4, 2015 <br /> Page 5 of 5 <br /> analyzes many variables to determine this liability which includes implicit <br /> rate benefits, subsidized benefits, employee statistics, economic <br /> assumptions, medical plan information, and various other factors. <br /> COUNCIL MEMBER LOUKOTA MOVED TO ACCEPT THE OTHER <br /> POST-EMPLOYMENT BENEFIT VALUATION REPORT BEGINNING <br /> JANUARY 1, 2015 AND THE RECOMMENDATION TO FUND THE <br /> OPEB OBLIGATION USING THE PAYGO METHOD. COUNCIL <br /> MEMBER KARR SECONDED THE MOTION. MOTION CARRIED 3-0. <br /> 11. Other Business <br /> There was no other business. <br /> 12. Adjournment <br /> There being no further business, COUNCIL MEMBER LOUKOTA <br /> MOVED TO ADJOURN. COUNCIL MEMBER KARR SECONDED THE <br /> MOTION. MOTION CARRIED 3-0. <br /> The meeting of the City Council adjourned at 7:05 p.m. <br /> Respectfully submitted, <br /> Nancy Malecha <br /> Finance Administrator/Deputy City Clerk <br /> David Sjoblad <br /> Mayor <br />