A copy of the resolution, having been placed on the desks of each member of Council prior to introduction, was read by title.

Vice Mayor Byington explained that this is a resolution that will change the allocation of the City’s inside millage property tax revenues.

Prior to 1965, local governments in Ohio handled their own pension plans for police and fire employees. This was changed in 1965 by the Ohio General Assembly, which enacted legislation to create the state-administered Ohio Police and Fire Pension Fund. In doing so, many municipalities – including Oakwood – had liabilities exceeding the assets needed to pay future pension benefits, and owed a net pension liability to the State of Ohio. In order to minimize the financial impact on cities, the state authorized a 65 year payoff term, with the first payments due in 1970 and the final payments due in 2035.

Oakwood is still more than 15 years away from the maturity of this obligation. The remaining balance is approximately $404,000, and an average annual interest rate of 4.25% is being paid. City Council believes it is prudent to pay off the liability early because more in interest is being paid than being received in investment income.

This resolution states City Council’s intention to pursue an accelerated payoff of the pension liability. The City plans to make two payments of approximately $200,000 each to eliminate this liability. One payment will be made in late 2019, and the second in early 2020. The resolution also requests that the Montgomery County Budget Commission reallocate 0.3 mills of inside millage property tax revenue from the Police Pension Fund to the General Fund.

Thereupon, it was moved by Vice Mayor Byington and seconded by Mr. Stephens that the resolution be passed.

Upon call of the roll on the question of the motion, the following vote was recorded:

There being five (5) yea votes and no (0) nay votes thereon, said resolution was declared duly passed and it was so ordered.

A copy of the resolution, having been placed on the desks of each member of Council prior to introduction, was read by title.

Mayor Duncan explained that the Ohio Revised Code requires local boards of health to adopt a policy concerning isolation and quarantine authority. In doing so, the law also allows local boards of health to delegate isolation and quarantine authority to the Health Commissioner. This is an important public health tool, in that it allows for immediate action to be taken by the Health Commissioner in times of emergency instead of requiring the entire Board of Health to convene a meeting before the situation can be addressed.

The Oakwood Board of Health recently adopted Resolution 19-2, which is an isolation and quarantine policy that delegates authority to the Health Commissioner, in times of emergency, to act on the Board’s behalf until such time in the future that the Board can meet. As required by the Ohio Revised Code, City Council must approve this policy in order for it to take effect.

City Council has reviewed the policy, and concur with the Board of Health that it is in the public interest to approve it.

Thereupon, it was moved by Mayor Duncan and seconded by Mr. Epley that the resolution be passed.