City Council
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📹 Meeting Video
📝 AI Transcript
[00:02] I've got all the regulators going to be in my city council for two days December 6, 2020 by 2.
[01:04] I'm running on a demographic updated gap and now what those things tell us, the same businesses are looking at talking Spanish to work.
[01:26] And if there's enough business in here never get an analysis before we can turn into any time you won't come up with that process
[01:40] What it tells is... If he give him more than anything given reach out of category how much were currently selling?
[01:47] What we're missing out on, the particular category in other words that's a gap.
[01:53] Let me leave you to go with some of our community and purchase those same goods and services
[01:59] And this is what businesses will look at determine if your communities stay there
[02:15] They all don't make it an unknown field but gap analysis tells us where would week?
[02:31] That for weeks just when does he need... Does anybody else have any money going back into his company
[02:37] He just needs to pronounce the truth.
[02:43] That's what we've been working, great team strategies that you're working with this
[02:53] You get some deep in here before two months or a million years project
[03:23] We met was they potential restaurant business downtown 2 weeks ago
[03:38] And Shannon pulled out of that house and set up on his phone
[05:08] Automated license plate for your cameras, contented on phone legal
[05:12] And by now to review you all the business and manager design
[05:15] So this is a continuation of big grant that I've talked about in last couple months
[05:21] Six more camera's, but something what do we give?
[05:56] 10 clock cameras
[05:58] And just takes care
[06:02] Every single location where there was a clock hammer
[06:05] At no extra
[06:07] Sweet
[06:12] Thank you, thank you
[06:16] Hi
[06:18] James, hi, Boris
[06:20] Alright
[06:22] I would also dislike to this
[06:26] We got a lot of work for the in-car camera set as such
[06:33] Okay
[06:36] 4D through M
[06:38] For all going be
[06:40] 4Noses
[06:43] So these are
[06:45] The order is that can drive the old family wreck center
[06:52] Group of ordinances and if they like to wreck center under this
[06:57] scheme
[06:59] They're running more place, what's your or
[07:02] Pull our bill you tables are maintained
[07:05] Or one a more football air hockey
[07:08] Or pinball table or maintain
[07:10] Our AD combination for profit
[07:12] But it not at all
[07:14] That was different
[07:17] This is another set of ordinances that will then recommend it
[07:22] That we reveal
[07:25] As being out there and
[07:27] It'll help with the ordinance to get more of today
[07:34] The old gal 10
[07:38] From Mr. Lvisson
[07:40] And do you want to visit Greg?
[07:43] Yes sir
[07:46] Okay, so looking for a motion on
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[10:20] And in that 10 years I have a proud to say
[10:23] If you ever had become back for this council
[10:25] To say, You need to contribute more money
[10:28] In fact since
[10:31] Since
[10:33] As of today
[10:35] Your costs
[10:37] And your cost has still been coming down
[10:39] So with the amount of money
[10:41] The number
[10:42] 2
[10:44] Because that is approximately what the city contributes
[10:48] Into
[10:50] The retirement system
[10:53] So I gave an actuarial study inside this folder
[10:56] And i want to go over
[10:59] To
[11:03] To
[11:05] To
[11:07] You have been diligent in how you've come
[11:09] To the land
[11:11] You have a ability that you can award or do and upgrade in your plan
[11:16] And once again, if we'll not cost any new dollars
[11:22] So currently
[11:25] Your on-plan level BB
[11:27] The employees contribute 4.5%
[11:29] And they'll require a rate by the city of 7.12
[11:35] However, you are contributing approximately 13 .2%.
[11:40] So your over
[11:43] Funding
[11:46] Your retirement plan
[11:48] What we're proposing tonight is because
[11:51] Of that funding policy
[11:53] You can move up to play level double A
[11:57] The employees currently would stay at 4.5%
[12:01] And if you buy, we would present a plan of
[12:06] Min-Lin to increase their contribution rate
[12:10] To 5.5%.
[12:12] So the city will contribute
[12:15] The 9% actually is a little more than that
[12:18] It's a 3.10 point 4 o percent
[12:21] Again still approximately
[12:24] Free percentage points less
[12:27] Than what your actual contributed
[12:30] Go over it in this page
[12:31] When you started with the MREF
[12:40] Your retirement system is approximately 65% funded
[12:45] As of this most recent actual
[12:47] Whereiel's steady
[12:49] You are now 88 percent funding
[12:52] So your funding level has come up dramatically
[12:55] And that�s width
[12:57] The two upgrades which we've given
[12:59] If going down to current
[13:00] What column?
[13:03] You are your plan
[13:05] Those $9.90 million to retire
[13:07] Survivors who deferred best
[13:09] People out of pinch and just not collected
[13:12] You owe 7 .8 millions
[13:14] To you're active employees
[13:16] And the total liability is 17,7 billion
[13:19] As
[13:21] Of July 1st in 24
[13:23] You had 15.6 million
[13:25] So this unfunded liability was 2.165
[13:28] Million
[13:31] If you choose to do the plan level
[13:34] Increased, notice
[13:36] The increase only effect
[13:38] Sure active employee group
[13:40] That does not affect any of your retirees
[13:43] And so liability for
[13:45] Your active employer group would increase
[13:47] To 1.513 million
[13:50] So total liability then
[13:52] Would be 19
[13:54] You still have 15.6 on a bank
[13:56] You would be $3.4 million
[14:01] But again, you are over funding your plan
[14:05] In an effort to try and pay that liability down
[14:11] And so we project it
[14:13] Over time
[14:15] It will pass substantially quicker
[14:19] Than what was projected here
[14:21] We've been projecting 25 years
[14:24] The reason that this improvement is a big deal for your employee group
[14:28] This represents an 16
[14:30] And 2.3% increase in retirement benefit
[14:34] So it's not consequential
[14:39] I've worked with Tyler
[14:43] To focus on HR over the years to try and make sure
[14:47] Whenever we presented
[14:50] It was
[14:51] And the cause of a way you have continued to fund your plan
[14:56] I'm great like this is definitely a portfolio
[15:01] So what questions may i answer for
[15:05] Pistol, isn't affordable meaning
[15:07] We wonít increase it all authority at 15%
[15:11] That's correct
[15:13] If that not only will we do NOT
[15:15] Have an increased full still to go over
[15:18] I am projecting if
[15:19] That 9.9A
[15:22] It is on that second page
[15:26] And it's at 9.98
[15:29] As your plan asks, as you are liability pays down
[15:33] We project the total cost will trend downward
[15:36] Tothat nine point ninety-eight total
[15:39] Well remember how about number of year employees
[15:41] Are going to be doing five or four
[15:44] So this cityís contribution right
[15:48] Think I would like a snowball
[15:49] Just building and build it
[15:52] To pay that liability off
[16:12] So the hope is with us keeping to overfund
[16:15] That we can eventually move up
[16:17] Because of better retirement
[16:20] We have for employees in your desirable place
[16:22] It's a work on moving away
[16:26] If I put you into context
[16:28] Of communities around here
[16:31] But, The needy
[16:33] And no water are on level A
[16:34] So they are already at higher point
[17:45] Where does that remain any percentage go?
[17:49] What do you say not the assets
[17:52] Yeah, what happens is it builds your asset base
[17:55] There's several things a little effect
[17:58] If You have turnover of non-vested employees
[18:03] Basically
[18:05] The liability associated with the non-best employee
[18:08] It has white health and looks
[18:09] So the assets that you would pay in
[18:12] It just becomes bonus contributions
[18:14] And raise your unfunded liability down
[18:17] If You overfund a plan
[18:20] That builds Your asset base
[18:22] if Tyler is really, Really nice guy
[18:25] Heís going to award 10% raises
[18:27] To The Employee Group this year
[18:29] But he was
[18:31] How do we know?
[18:34] They like
[18:35] They like that will actually hurt your liability
[18:40] It's going to get through though
[18:42] We assume the plan for That The City Will be a Carrier
[18:45] Is every single year
[18:47] But you give higher than expected carers
[18:50] If Hercure plans, if You Give Lower Than Expecting Carriers
[18:53] And it helps Your Plan
[18:56] Don't tell me that
[18:58] So its not just the matter of
[19:01] The building the asset base
[19:05] They would be thinking of effect that
[19:08] That assets base is due to a different amount
[19:10] We also assume
[19:12] It's in size plan make 7% and over
[19:15] Over last 10 years we are around 8%.
[19:18] So, WE have definitely done it
[19:20] In fact when
[19:23] When you look at ourselves
[19:26] And compare yourself Nationwide
[19:28] We are going to be doing the top third
[19:30] To The Top 25% depending on that time
[19:33] At a time of the horizon
[19:37] So, assets were being managed in
[19:40] A very crude way
[19:42] To make sure theyíre growing in access
[19:46] 7.4
[19:49] I think for this year
[19:51] This or calender
[19:53] Were at approximately 13% rate return
[19:57] There is still time to screw that up
[19:59] Because there are days left in the year
[20:01] But overall,
[20:03] The plan assets do
[20:05] And investment side have actually been very good
[20:08] Whenever it happens
[20:10] Basically thats means a city does not
[20:12] Have To Contributes Not Manage it
[20:25] Diagnology I typically give
[20:27] They can be liability on your Plan
[20:30] It's like an mortgage or house
[20:31] And whatever we buy at home
[20:34] Is, pay that 100 or
[20:37] That $200 extra on our house payment
[20:40] To build
[20:42] So in 5.6
[20:44] 7 years
[20:46] Due to appreciation and
[20:48] Extra We paid In
[20:50] Can upgrade
[20:53] A bigger housing
[20:55] It actually applies
[20:58] And thatís the position
[21:00] That yall were in right now
[21:03] I think question
[21:32] No, no.
[21:34] Another Question
[21:37] This is probably a dumb question
[21:40] If our response to the council in
[21:42] The city manager
[21:44] Why are we affecting or having any kind of
[21:48] Involvement over their retirement plan
[21:55] And that is the employer does
[21:59] The employer provides benefit
[22:02] I think we some of those
[22:04] We don't hire employees
[22:06] Yeah, it's just looking in our charter at
[22:08] What are powers and lack
[22:13] Of poweres or some
[22:15] Some people talk about obviously
[22:17] That maybe its a dumb question
[22:21] But
[22:29] We will sit here
[22:31] Make financial decisions
[22:34] And without council
[22:37] Thatís all
[22:40] Poor money came in this voice
[22:42] You do run the company that employees
[22:44] I just double check it
[22:48] It was very skeptical at first
[22:50] Because i thought somebody is going to pay for
[22:53] Either and even when as far as it tells Cindy
[22:55] Anything you are out of a conflict
[22:57] because either
[22:59] The city's gonna paying
[23:01] Or or
[23:02] And then Chris explained it to me and
[23:07] Okay, its going
[23:10] Again just
[23:12] Your plan is enacted by a court
[23:15] Welcome
[23:18] That makes sense
[23:20] Thank you for that clarification
[23:25] Second
[23:28] Jones, he said
[23:30] He says
[23:32] I
[23:35] For him is in March
[23:37] Of the sort of police threat
[23:41] Yes, and
[23:43] The reason i was also skeptical as to whether
[23:46] What we do it isn't a emergency
[23:48] But
[23:50] Compare with the reason for
[23:52] In this case
[23:54] And that would be
[23:56] That
[23:58] We can not
[24:09] Thank you Chris
[24:11] You all have a nice evening
[24:13] Appreciate it
[24:15] Enjoy your ride home
[24:18] Thanks
[24:21] For
[24:25] In 2020, 25 to 33
[24:28] Resonning of certain property located
[24:31] 220
[24:33] Block 24
[24:35] And 2204
[24:37] BNORB
[24:41] So burden
[24:43] Reclamation of the city
[24:45] Planning and making
[24:47] To approve that
[24:51] We're not to reason those two particular properties from their
[24:54] Current zoning
[24:56] Of our in-to
[25:04] To request a recommended
[25:05] House is funded
[25:08] To help with paying the properties
[25:11] And spend some of this
[25:13] To make those businesses in a way
[25:19] In that
[25:28] We are what they plan to construct
[25:30] Quarters like some from property
[25:33] Jack has had some plans for it
[25:36] So you all have worked at seeing
[25:38] What's going on
[25:44] It really, really, really, really.
[25:46] Some by post office
[25:49] Is that
[26:25] So it's going to take two
[26:27] Relapative living units
[26:31] Trying
[26:41] To make the eight
[26:43] Two of those all ignore
[26:45] Five fifty, yeah
[26:47] We came up with five or six
[26:49] That is amazing
[27:01] You've looked over these points
[27:04] The drawings we have
[27:06] It has been entirely reviewed
[27:08] But I did briefly
[27:10] And in my quick review
[27:14] The only thing that is a small hick
[27:17] Right now, it's the number of required parking spaces
[27:20] I was just getting ready to ask about parking
[27:23] Especially in my area
[27:25] He still requires new parking spaces
[27:29] And he has room for change
[27:32] So i believe
[27:34] Maybe we're considering a possible various requests
[27:37] That looks good
[28:03] Well say
[28:06] We're going to do a scene
[28:08] Some of the projects that this couple have done
[28:11] With some other buildings
[28:13] They remodel
[28:16] I did great work and so we appreciate them
[28:19] Appreciate you guys, help me clean up my own house
[28:22] Ches
[28:27] Do they want on The Trucker Out?
[28:37] Cool. It's good
[28:40] Question number six
[28:42] Or she can check it
[28:44] Hi
[28:46] Four oh
[28:47] That's 34
[28:49] For the rezoning
[28:51] I'm certain property look at
[28:53] 712 corn street
[28:55] Block 3
[28:57] Block 2
[29:00] This one is a little bit different
[29:02] It looks like it will be some of
[29:06] Its actually an existing structure
[29:09] that he was turning to
[29:13] At 1.5 times
[29:15] There were kindlucked
[29:16] Or a garage apartment that was attached to
[29:19] A kind of northeast corridor
[29:21] This existing house
[29:23] The middle section completely dilapidated
[29:25] So he wants you taking off
[29:27] To separate those two and make
[29:30] Two dwellings on one property
[29:32] Which obviously requires the R2 Zoning from its current R5
[29:37] That's my area
[29:39] I like
[29:41] How about that?
[29:42] I'll make the motion to approve
[29:47] Second
[29:50] All right
[29:52] Jones, i. Fords
[29:54] Again thank you guys
[29:57] We appreciate your best in a mile
[29:59] I'm five
[30:04] A nomination of points for any Wilson
[30:06] To The Mime of Convention and Business Bureau
[30:08] Replacing several quick turn through
[30:10] S51127
[30:12] Most proof
[30:15] A step Fords
[30:18] Jones
[30:20] I'm six
[30:25] We've been through
[30:27] I have another new business
[30:29] If any of this is posted in the
[30:35] 8A and eight B or staff report
[30:43] On 9 Mary Castle
[30:48] To give you an announcement
[30:51] There's a sip & shop
[30:55] This week
[30:57] All Thursday
[31:01] There's goodies
[31:03] Treats, don't treat
[31:06] Did you just saw that?
[31:09] I am not concerned i know others are
[31:11] I'm just asking for a few books
[31:14] No sir
[31:17] Thank You City staff once again
[31:20] The guys are killing it
[31:22] Downtown looks great
[31:25] The main material I was fabulous
[31:29] And the Christmas parade
[31:31] That's what we've had
[31:33] At least 20 years of the amount
[31:35] But
[31:37] To raise them all say thank you to the most
[31:39] Because
[31:42] Of kids' faces i saw both those amounts
[31:45] Those kid have been blasts
[31:47] It is because your artwork
[31:49] You can hear people are working
[31:52] Thankyou for taking time away from
[31:53] You're regular do
[31:56] Do something that's not normal on your schedule
[31:59] It is making a difference
[32:02] On top of the check-top
[32:05] Fixed at Christmas program
[32:07] The gymnasium and six centers
[32:10] To give you toys
[32:12] Once again we saw parents
[32:14] That had smiles in their faces
[32:17] Because if they put them to help
[32:22] They can be able
[32:23] to support community
[32:26] And i'm so proud of this
[32:28] You guys reinforce that one day everyday
[32:32] I appreciate all your efforts
[32:35] Keep doing what you're doing
[32:37] Your other reason why im going back
[32:41] We get the easy part up here
[32:43] But, if we can build a wide mind
[32:46] Thankyou
[32:51] To thank you
[32:53] We have a new sign
[32:56] Main street
[32:58] Main is really cool
[33:01] Some of the board voted on but we got it up to day
[33:04] It's good
[33:08] Second thing
[33:10] To wish everybody happy holidays
[33:13] Christmas
[33:15] And then you'll be able
[33:19] So, it will take us all drop
[33:21] That was something new we decided to try this year
[33:24] But i don't know how it's going
[33:26] We did the tree light in there
[33:29] Not many people got up that first year and its grown every years
[33:32] So, now im hoping for a small drop
[33:34] To be family fun
[33:36] Adventure
[33:39] The families can actually come
[33:42] And they will go like
[33:44] I hope their way comes
[33:52] We are not gonna do an exact assessment
[33:54] So that will be in 12
[33:59] 13 and 14
[34:02] Okay, so
[34:04] We are not going to exact the session
[34:06] To do a lot of things
[34:08] 15s no action from exactly the sessions
[34:11] So we're 16 here
[34:14] Thank you
[34:16] Hi
[34:18] Thankyou
📄 Full Agenda
Miami City Council Regular Meeting
MEETING DATE: December 16, 2025
AGENDA TITLE: Presentation From Miami Area Economic Development Service (MAEDS)
PRESENTER: Shannon Duhon
BACKGROUND:
STAFFS RECOMMENDATION:
MEETING DATE: December 16, 2025
AGENDA TITLE: Presentation From Miami Area Economic Development Service (MAEDS)
PRESENTER: Shannon Duhon
BACKGROUND:
STAFFS RECOMMENDATION: