IMPORTANT NOTICE
This is a hybrid meeting and will be held in-person at the Town Council Chambers at 110 E. Main Street and virtually through Zoom Webinar (log-in information provided below). You may watch the Council meeting without providing public comment on Comcast cable channel 15 or at www.LosGatosCA.gov/TownYouTube. Members of the public may provide public comments for agenda items in-person or virtually by following the instructions listed at the end of the agenda.
To watch and participate via Zoom, please go to:
https://losgatosca-gov.zoom.us/j/85411386935?pwd=awrZm7EN2dTJD3FOqHwCEw6jmQbNff.1
Enter passcode: 801018
CALL MEETING TO ORDER
ROLL CALL
CONSENT ITEMS (Consent Items are considered routine Town business and may be approved by one motion. Any member of the Committee may remove an item from the Consent Items for comment and action. Members of the public may provide input on any or multiple Consent Item(s) when the Mayor asks for public comments on the Consent Items. If you wish to comment, please follow the Participation Instructions at the end of this agenda. If an item is removed, the Mayor has the sole discretion to determine when the item will be heard.)
RECOMMENDATION: Approve the Minutes of the September 2, 2025, Town Pension and OPEB Trusts Oversight Committee Meeting.
RECOMMENDATION: Receive the California Employer’s Pension Prefunding Trust (CEPPT) Strategy 2 Market Value Summary Report for the period ending September 30, 2025, and performance as of October 31, 2025.
RECOMMENDATION: Receive California Employer’s Retiree Benefit Trust (CERBT) Strategy 1 Market Value Summary Report for the Period Ending September 30, 2025, and the Performance Report as of October 31, 2025.
VERBAL COMMUNICATIONS (Members of the public are welcome to address the Committee only on matters listed on the agenda. To ensure all agenda items are heard, this portion of the agenda is limited to 30 minutes. Each speaker is limited to no more than three (3) minutes or such time as authorized by the Mayor.)
OTHER BUSINESS (Up to three minutes may be allotted to each speaker on any of the following items.)
RECOMMENDATION: Discuss and provide direction, if any, regarding the CalPERS administered trust programs, exploring alternative Section 115 Trust providers, or transferring trust assets to CalPERS for direct application toward pension liabilities.
ADJOURNMENT
ADA NOTICE - In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the Clerk’s Office at (408) 354-6834. Notification at least two (2) business days prior to the meeting date will enable the Town to make reasonable arrangements to ensure accessibility to this meeting [28 CFR §35.102-35.104].
NOTICE REGARDING SUPPLEMENTAL MATERIALS - Materials related to an item on this agenda submitted to the Town Council after initial distribution of the agenda packets are available for public inspection in the Clerk’s Office at Town Hall, 110 E. Main Street, Los Gatos and on the Town’s website at www.losgatosca.gov. Town Council agendas and related materials can be viewed online at https://losgatos-ca.municodemeetings.com/.
HOW TO PARTICIPATE
The public is welcome to provide oral comments in real-time during the meeting in three ways:
Zoom Webinar (Online): Join from a PC, Mac, iPad, iPhone or Android device. Please click this URL to join: https://losgatosca-gov.zoom.us/j/85411386935?pwd=awrZm7EN2dTJD3FOqHwCEw6jmQbNff.1
Passcode: 801018. You can also type in 854 1138 6935 in the “Join a Meeting” page on the Zoom website at zoom.us and use passcode 801018.
When the Mayor announces the item for which you wish to speak, click the “raise hand” feature in Zoom. If you are participating by phone on the Zoom app, press *9 on your telephone keypad to raise your hand.
Telephone: Please dial 1 (855) 758-1310 for US Toll-free or 1 (408) 961-3928 for US Toll. (Meeting ID: 854 1138 6935)
If you are participating by calling in, press *9 on your telephone keypad to raise your hand.
In-Person: Please complete a “speaker’s card” located on the back of the chamber benches and return it to the Town Clerk before the meeting or when the Mayor announces the item for which you wish to speak.
NOTES: Comments will be limited to three (3) minutes or less at the Mayor’s discretion.
If you are unable to participate in real-time, you may email Clerk@losgatosca.gov with the subject line “Public Comment Item #__ ” (insert the item number relevant to your comment).
Deadlines to submit public comments are:
-11:00 a.m. the business day before the Committee meeting for inclusion in an addendum.
-11:00 a.m. on the day of the Committee meeting for inclusion in a desk item.