Summary
The PICA Board convened on June 10, 2021, to address the City’s request for an extension in submitting a revised Five-Year Financial Plan. The request stemmed from new arbitration awards for the Fraternal Order of Police Lodge No. 5 and labor contracts with District Councils 33 and 47, which were out of compliance with the current Plan. The Board engaged in discussions regarding the financial impact of these agreements and whether additional cost estimates should be included in the revised Plan. The City requested an extension until 15 days after the District Council 47 agreement was ratified, but no later than October 29, 2021. The Board approved the extension through Resolution 2022-04, ensuring a revised plan would account for updated labor costs. The meeting adjourned following a roll-call vote of 5-0.