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Addendum PREPARED BY: STEVE CONWAY FINANCE DIRECTOR Reviewed by: Town Manager, Assistant Town Manager, and Town Attorney 110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL AGENDA REPORT MEETING DATE: 4/17/2018 ITEM NO: 11 ADDENDUM ITEM NO: 11 DATE: APRIL 16, 2018 TO: MAYOR AND TOWN COUNCIL FROM: LAUREL PREVETTI, TOWN MANAGER SUBJECT: INCREASE THE PAYMENTS TO THE IRS 115 PENSION TRUST TO LOWER THE TOWN’S LONG-TERM UNFUNDED PENSION OBLIGATIONS AS RECOMMENDED BY THE COUNCIL FINANCE COMMITTEE REMARKS: Public Comments received after the distribution of the staff report and before 11:00 a.m. on Monday, April 16, 2018. Attachments previously received with Staff Report: 1. Finance Committee materials from the February 12, 2018 meeting, item 3. 2. Finance Committee materials from the April 9, 2018 meeting, item 3. Attachment received with this Addendum: 3. Public Comments received between 9:56 p.m., Thursday, April 12, 2018 and 11:00 a.m., Monday, April 16, 2018.