Kendall County Times

Kendall County Zoning Board of Appeals met Oct. 1.

Here are the minutes provided by the board:

CALL TO ORDER

President Ryan Kauffman called the meeting to order at 6:02 p.m.

ROLL CALL

Board Members Physically Present: President Ryan Kauffman; Trustees Tom Guist, Kit Kuhrt, Karen Novy, and Andrew Torres.

Absent: Trustees Karin McCarthy-Lange, Jennifer Jones Sinnott

Staff Physically Present: Dan Di Santo, Village Administrator; Jean Bueche, Asst. Village Administrator; Tina Touchette, Village Clerk; Jason Bastin, Police Chief; Jennifer Hughes, Public Works Director; Curt Cassidy, Incoming Public Works Director; Andrea Lamberg, Finance Director; Rod Zenner, Development Services Director; Joe Renzetti, IT Director; Kevin Leighty, Economic Development Director; Bridget Bittman, Communications Manager; Maddie Upham, Management Analyst; and Dave Silverman, Village Attorney.

CONSIDERATION OF AND POSSIBLE ACTIONS ON ANY REQUESTS FOR ELECTRONIC PARTICIPATION IN MEETING

President Kauffman noted that Trustee Karin McCarthy-Lange would like to electronically attend tonight’s Committee of the Whole meeting. Trustee McCarthy-Lange submitted the necessary documents to the Village Clerk.

A motion was made by Trustee Torres and seconded by Trustee Novy to approve Trustee Karin McCarthy-Lange to electronically attend the October 1, 2024 Committee of the Whole meeting.

Aye: Tom Guist        Kit Kuhrt

Karen Novy             Andrew Torres

Nay: None

Absent: Karin McCarthy-Lange, Jennifer Jones Sinnott

The motion was declared carried by a roll call vote with four (4) aye votes and zero (0) nay votes. Trustee Karin McCarthy-Lange attended electronically at 6:02 p.m.

PUBLIC FORUM

Public Forum was opened at 6:02 p.m. There was no one who requested to speak. The public forum was closed at 6:02 p.m.

OLD BUSINESS

There was no old business.

NEW BUSINESS

F.1 Police Pension Actuarial Presentation

Director Lamberg addressed the Board regarding the police pension. The Village contracted with Lauterbach & Amen, LLP to complete the required annual actuarial valuation. The actuarial report determined the Village must contribute a minimum of $1,442,792 to the pension fund for Tax Year 2024. This assumes a 90% funding level by the year 2040. The Village’s funding policy assumptions exceed those used in the minimum contribution calculation, including 100% funding by the year 2040 instead of 90% funding by the year 2040. Another assumption is a single point amortization approach, targeting full payoff of the Unfunded Liability over the remaining years to the target, which is 15 years in this report. When 15 or fewer years are left to the target year it is standard practice to review the amortization approach to determine if single point amortization, or layered amortization, is more sustainable in the remaining years. The actual amount to contribute to the pension fund, and the actual levy amount to support that contribution, will be discussed in conjunction with the proposed budget at the budget workshop being held November 2, 2024.

Kevin Cavanaugh, Principal for Lauterbach & Amen, LLP presented the following report:

• Pay contributions to 100% funding targeted over a layered amortization period should be single point instead of layered

• Oswego is ahead of the state average for funding

Board and staff discussion focused on 100% more common instead of 90%; shouldn’t target anything less than 100%; out of 300 pension funds, only two ask to fund lower than 100%; 15% increase based on the increase in staff; retiree demographics; actuarial value; volitivity; pension is currently funded at 79%. There was no further discussion.

CLOSED SESSION

A motion was made by Trustee Guist and seconded by Trustee Torres to enter Closed Session for the purposes of discussing the following:

• Pending and Probable Litigation

• Appointment, Employment, Compensation, Discipline, Performance, or Dismissal of Personnel

• Collective Bargaining, Collective Negotiating Matters, Deliberations Concerning Salary Schedules

• Sale, Lease, and/or Acquisition of Property

Aye: Tom Guist                Kit Kuhrt

Karin McCarthy-Lange    Karen Novy

Andrew Torres

Nay: None

Absent: Jennifer Jones Sinnott

The motion was declared carried by a roll call vote with five (5) aye votes and zero (0) nay votes. The Board adjourned to Closed Session at 6:22 p.m.

The Board returned to open session at 7:04 p.m. A roll call vote was taken. President Ryan Kauffman and Trustees Tom Guist, Kit Kuhrt, Karen Novy, and Andrew Torres were present physically for the roll call. Trustee Karin McCarthy-Lange attended electronically for the roll call.

ADJOURNMENT

The meeting adjourned at 7:04 p.m.

https://www.oswegoil.org/home/showpublisheddocument/7309/638647785816300000