Item Coversheet






Supervisor Bosworth offered the following resolution and moved its adoption, which resolution was declared adopted after a poll of the members of this Board:

RESOLUTION NO. 51 - 2019

A RESOLUTION AUTHORIZING THE EXECUTION OF A PROFESSIONAL SERVICES AGREEMENT WITH SOUND ACTUARIAL CONSULTING LLC TO PROVIDE CERTAIN SERVICES RELATING TO COMPLIANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 75 AND FURTHER AUTHORIZING THE TOWN TO ENTER INTO VARIOUS INTERMUNICIPAL AGREEMENTS TO MAKE THE SERVICES AVAILABLE TO VARIOUS COMMISSIONER-OPERATED SPECIAL DISTRICTS AND AGENCIES.

        WHEREAS, in 2015 the Governmental Accounting Standards Board (“GASB”) issued Statement No. 75 which profiles the liability measurement and disclosure requirements for “other post-employment benefits”, consisting of medical, dental, vision and other healthcare-related benefits provided to retired or terminated employees and their dependents and beneficiaries (“OPEB”); and

 

        WHEREAS, the GASB standards for OPEB plan accounting require public sector employers, such as the Town of North Hempstead (the “Town”) and the Town of North Hempstead Solid Waste Management Authority (the “Authority”), to report the cost of retiree OPEB Benefits based on an actuarially derived “Annual Required Contribution” (“ARC”); and

 

        WHEREAS, the Town desires to retain an actuarial firm to determine the OPEB liability of the Town, the Authority, the Town Community Development Agency (the “Agency”), and the following Commissioner-Operated Special Districts (the “Districts” and, together with the Agency and the Authority, the “discretely reported component units”, or “DRCU’s”), in order to comply with GASB Statement No. 75 (the “Services”):

 

                        Belgrave Water Pollution Control District

                        Carle Place Water District

                        Garden City Park Water District

                        Glenwood Water District

                        Great Neck Park District

                        Great Neck Water Pollution Control District

                        Manhasset Park District

                        Port Washington Police Department

                        Port Washington Water District

                        Port Washington Water Pollution Control District

                        Roslyn Water District

                        Westbury Water District; and

 

        WHEREAS, the Town Comptroller (the “Comptroller”) has recommended that the Town Board authorize the execution of a professional services agreement with Sound Actuarial Consulting LLC, 403 E. Main Street, Port Jefferson, NY 11777 (the “Consultant”) to perform the Services, in an amount not to exceed Sixty-One Thousand Seven Hundred Fifty and 00/100 Dollars ($61,750.00) (the “2018 Contract Amount”) for the Services as they apply to calendar year 2018 (the “Agreement”), to be paid by the Town and the DRCU’s as follows:

 

                        Town and Authority                                                   $12,000.00

                        Belgrave Water Pollution Control District                 $3,500.00

                        Carle Place Water District                                          $3,500.00       

                        Community Development Agency                             $3,500.00

                        Garden City Park Water District                                $3,500.00

                        Glenwood Water District                                           $3,000.00

                        Great Neck Park District                                            $4,500.00

                        Great Neck Water Pollution Control District             $3,500.00

                        Manhasset Park District                                              $3,500.00

                        Port Washington Police Department                          $7,250.00

                        Port Washington Water District                                 $3,500.00

                        Port Washington Water Pollution Control District     $3,500.00

                        Roslyn Water District                                                 $3,500.00

                        Westbury Water District                                             $3,500.00

; and

 

        WHEREAS, the DRCU’s will be billed directly for the amounts listed above assigned to each DRCU; and

 

        WHEREAS, the Town Board wishes to accept the Comptroller’s recommendation and authorize execution of the Agreement; and

 

        WHEREAS, the Comptroller has also requested that this board authorize the execution of intermunicipal agreements (the “IMAs”) with the DRCU’s reflecting the agreement described in this resolution; and

 

        WHEREAS, the Town Board wishes to authorize the execution of the IMAs pursuant to Article 9, Section 1 of the New York State Constitution and Article 5-G of the General Municipal Law.

 

        NOW, THEREFORE, BE IT

 

        RESOLVED that the Supervisor is hereby authorized and directed to execute the Agreement and the IMAs, on terms and conditions more specifically set forth in documents which shall be on file in the office of the Town Clerk, and to take all necessary action to effectuate the foregoing; and be it further

 

        RESOLVED that the Office of the Town Attorney be and hereby is authorized and directed to negotiate the terms and conditions and supervise the execution of the Agreement and the IMAs; and be it further

 

        RESOLVED that the Town Comptroller be and hereby is authorized and directed to pay the cost of the Town Share upon receipt of duly executed and certified claims therefor.

 

Dated:        Manhasset, New York

 

                  January 29, 2019

 

The vote on the foregoing resolution was recorded as follows:

 

Ayes:  Councilperson De Giorgio, Councilperson Russell, Councilperson Seeman, Councilperson Zuckerman, Supervisor Bosworth  

 

Nays:  None

 

Absent:  Councilperson Ferrara

 

 

cc:        Town Attorney,        Comptroller