HomeMy WebLinkAbout2013-01-16 Council Packet - Work SessionI�
A. Introduction - Rick Koch, City Manager
B. Review of the 2012 Investment Performance of the City's Land Sale Permanent
Funds and Recommendations for the Establishment of the 2013 Land Sale
Permanent Funds Allocation Plan — Terry Eubank, Finance Director
C. Public Comment
D. Adjournment
All meetings are open to the public and participation is encouraged. Agendas and supporting documents
are posted on the City's website at www.ci,kenai.ak.us. For additional information, please contact the
City Clerk's Office at 907 - 283 -7535 ext 231.
�x
L.
C
L
�-
±}
in
ft
�'
(}
L � d
3: a H
� M
W
4
ry
!!
\
n )
t43.
C
M
ru
W
fti
3 o
fB
Qj
O
cs
® a
+-,
�s
Ln .c® 410- Ln V l
G
•
1
•
s
G
INN •
•
•
•
•
c4
N
f0
Y
E
O'
0
a-
L
O
Q
B
s
v
s
c
0
E
3
0
L
i
m N]
L
U
O
O
N ci
i e]
v s.
E m
OJ s:
Q ra
N
O v7
C
O
N
_C
N
O
U 4J
U R.
Q
M
O
N
P
m'
c
w
O
m
u
v
O
t
O
bb
w
c
N
w
C
O
u
b�fl
N
Q
E
O
O
m
� bA
O
V V:
N aJ
N
O c
N
m S
M
L C:
C in
b)
u
i
O
i
N
N 6..
C
i
a
O
C "O
U fb
N � ZS
u � a
c L
� E v-
'..
C by
O
'O
CL
c c
ao
_
41
ro O�
co w O
N Y
O
N
(/7
'..
u -0
Q
tlJ
a �
�
C)
i Q
N u
0
w
ci
O
v
Q)
K V
N
N
N
U
Q
ro
N
O
w
� C
i N
C
'O
OD _O
c
CO
M
2
O
V
m
N
ro
a-
O
>
O
C
w
N
w
N O
U
S.
O
v
V ...
ry
YL
Q
C{
V
O
0
O
O
O
w N
w
Q
L
E
E
O
V
W
Ln
E ❑.
b0 O
O N
VI
�
iaB
m
CN
J
1
R�ii
ri
r-I
r—i
C1
M
O
N
P
m'
c
w
O
m
u
v
O
t
O
bb
w
c
N
w
C
O
u
b�fl
N
Q
E
O
O
m
� bA
O
V V:
N aJ
N
O c
N
m S
M
L C:
C in
b)
u
i
O
i
N
N 6..
C
w
w
cv
0)
..
O
cm
00
r�
�C
W
W
cal
N
+J
2
QO
O
O
O
dl1 M
O
Ln
O
J
O
cm
r�
0
cal
+J
2
bjD
0
r_
_.
®
bn
X
•� ®)
T
N®
®W
p@
®V
BJ 4T-
4-J
C
E
Ln
ll
q�
V
M
�
t7
y
ri
Li
f5.
00
00
0
0
0
Ln
00
0
AO
T-4
0
M
CL
d
u
0
r4
+
E
w
4a
Ln
0
4-J
w
CL
u
0
QJ
Ln
m
u
c
lo
ro
00
lD
rll
V)
00
r-4
a)
0)
N
00
0)
a)
(D
C)
rq
a)
C)
r14
cu
0
N
aj
(14
JE
4-J
C:
0
U
u
4=.J
-7)
4-J
(1)
0
CL
_0
<
�i
R
•
I�
4%
N
V
E
O
O
N
i
u
G
m
a
x
Q
Q
o
s'
LT
mU
2)
v U
U
=
p w
Q
a
m
v
m
U
b
f
J
V1
v
W
U
C
z:Cd.cr
z
z
z
z
cf9 N v'
M..
61
eY
Ol
H
d' V1
C8 N h
00
CO
M
eN-1
00
d' N
4 6
W
W
N N
0N
4G
eft
0p
tp
X81
W
V1 VF
id1
a`°
o
N
O
IV
O O
a�
3
VS
W°
1
h
o
0
7
0 0
It! 00
11
t
4
d r
eq v ory
°'
°
a
°
n a
4%
V
E
O
i
u
—
m
a
x
Q
Q
o
04 m
LT
mU
2)
v U
U
=
p w
a
m
v
m
U
u.
u
J
V1
v
W
m
a
u c w
u - K
m 0, .21
v
Y
s
a a m
v =
N m v
w
r-
Y
m
L
C
N
V
v
y
O
.a
C
Q
0
v
m
L
`m
a =_
u
n
N
z ni
II v,
Z v�
Y '
L
Uq
3
L
v
0
o �5
c
"r
E
u
c
a
m
d�
f0
v
+� I
V)
i
•
w
bl5
-S.
t
I w
eJ
G
vt a.i
w C
O N
N
O VY
40
U
C
(6
�.J
N [i
d �S
N
F
vw
ti
W N
N
� �
�
�
m w
W
n
� U
�
w
N
� w
ti
a
II lil, I111
1
—2
L3
m
ry
m
po
N
L-
0
u
L
�
m
�
ao
cL
®
m
lI
Y II a a
a
.�+
L
a
y
j a
U
� N
a
U
N �
� I �
m
w
m
O
N
N
�IIV
1 6I1
O
O O
O
O
® O
Cal
N c i
uiniam Iej ®1
"r
E
u
c
a
m
d�
f0
v
+� I
V)
i
•
w
bl5
-S.
t
I w
eJ
G
vt a.i
w C
O N
N
O VY
40
U
C
(6
�.J
N [i
d �S
s
00
m
ri
N
o O O O
Ln ® L
y )'
OY
U5
M
L
O1
4
v
Q
v
M
w
C
L pp
EN
C
u m
C E
m �
v CL
W Y
T
L C
m'
v
v
C
V} O
� C
� s
L L
4� m
�yc
W
C
f6 0
E
CL
i- a cn
m N
C ro
N
5G � -
c
m N
C
w
N s�
N ,c
� r
O
bi
w '
O v5
L
tl0
w
ct
C
m
E
L
Q °4
i 4J
QI '' p-
iF
1
MELIAN
00
m
ri
N
o O O O
Ln ® L
y )'
OY
U5
M
L
O1
4
v
Q
v
M
w
C
L pp
EN
C
u m
C E
m �
v CL
W Y
T
L C
m'
v
v
C
V} O
� C
� s
L L
4� m
�yc
W
C
f6 0
E
CL
i- a cn
m N
C ro
N
5G � -
c
m N
C
w
N s�
N ,c
� r
O
bi
w '
O v5
L
tl0
w
ct
C
m
E
L
Q °4
i 4J
QI '' p-
4
bD
m
aj
v
cn
LU
u°°
0
d
o
E
s
o
L
t
m
0
>
®
®
z
>
v
m
T
L
E
Ln
®
�
o
0
(U
>
C:
CL
0
ro
o
a
v
®
i
L
_0
E
¢�
4J
co
0)
v
0)
0
®
m
c
®
�
L
®
®®
`1q�y
Wqq
to
®
W
C
as
W
/��
(U
A
®
cn
q�q�
W
V
Q1
ryy
S
�
0
�
�
>
C
W_
•�
®
ry�
.^e
W
•L
®
Y
C
(A
V
®
a
LU
cu
m
6—
u
{+��
cr
Uj
i
Q
VU
VA
tC
z-
u
LL
W
�9
a
a
v�Y.
in
�
�
m
j.
o
N
4
o
L°`ii
N
O
in
H
Lit
O
o
N
O
Ln
N
tin
O
o
N
O
o
N
b
d
m
N
N
tt1
O
W
O
M
O
O
Ln
O
O
O
m
r
Ln
( q
N
ui
y
i
z
1to
st
Ln
Q
q!a
4-J
0
u
JU
®
o
S.
*J
v
N
B 7
L
L
o
"O
N
Q
,q
X..
U
N
W
tY
O
N
IL.
2
IMMIX
IX)
0 f.
O
Y 13
N
xO
ca
Ga
o
rV
0
�101
0 100,
Oo
w
NO
ol
u
rw
c
72
<
0
U-
U-j
E
E' o
NO
ol
C
m
�o
0)
00
r4
4
Q.
ui
1p
cq
Ln
0
00
Ln
00
m
0)
a;
C1
IX)
0 f.
O
Y 13
N
xO
ca
Ga
a
p
o
0
0
0
0
�
�
o
o
�
e
o ✓1
O N
�.
O
O
0
O
O
<
e�
p�
a
o
o6
r�
Li
M
O
O
0
m
m O
tp
I` O
c5
4
N
0
10 hIV
LO
wA
mV
y
N
rr
0
0
0
0
0
0
0
0
0
0
o
m
e
m
L'i
0
0
0°
o
C°
0
0
0
o
e\°
m
O
m^
°
c
cv
O
6
6
N
vi
tri
vii
vi
P.
o
n
a
O
„Vr`,:
m
a
0
0
o
a
ry
0
0
0
0
N m
a
p
o
0
0
0
0
�
�
o
o
�
e
o ✓1
O N
�.
O
O
O
O
O
e�
p�
o6
r�
Li
M
O
O
0
m
m O
tp
I` O
c5
j'
N
0
N
q
c
a
A
O
x
a
0
0
o
a
ry
0
0
0
0
N m
N
.�
6 o
v
.- +
Ln
�
°
vi
o 6
°
' 4
a
ui o
6
i s
L
Ln
0
ai
L
y
ti
C.
N o
c
H o
'6
G
�.
o
O
m
00.
a
s
`p
d
a
ti
i'
SJ
of
'. m3:
x -i
c
0
p�
8d
W
T
0
T--i
'..
Sm
>
C�
iI
II
Q'
L-
0
CL
.0
-
-
Q)
ca
x
®
®
-
>
Ul
oll
o
o
m
®
u
ro4
0
Ln
2i
CD
E
u
C:
2
u
rvr.
t.
�µ
w
w
w
J
Z
Q
v
2
Z
O
w
w
c�
w
O
C�
I
a
m
t6
I
2
U
o.
F
I
Z7
C
6Y
d
E
C
U
�o
N
7 m
O �
"O )
N
0
0
0
0
0
0
0
O
o
ui
o
in
o
in
o
v
V
O
N
�
O
O
N
�
N
J
0 0
0
0
o
O
o
w
O
�
N
v
U
C
v
�
O
Q
O
m o
0
N
Q+
to
lD
cY N
O W
�
a
w
�
n
OD
m
v
m
�
�
H
C
9f
l
C
O
�
m
_
�
O
�
egy
>
�
3
L
N
J
d
v
o
N
O
m
F
I
Z7
C
6Y
d
E
C
U
�o
N
7 m
O �
"O )
N
ri
O
o
H
N
re+
V
O
N
w
B
3
N
V
O
�
O
O
N
N
J
0 0
0
0
o
O
o
w
O
�
N
v
V C
v
�
O
Q
O
m o
0
MERIMMEMEM
0 0
N
to
lD
cY N
O W
F
I
Z7
C
6Y
d
E
C
U
�o
N
7 m
"O )
O
N
W
o
H
m
C
O
N
w
B
N
V
O
�
O
O
N
N
J
0 0
0
0
o
O
o
O
N
a
v
�
O
Q
O
�
_
N
m
N
w
c4
m
Y
R
Cd
C
G7
C
a'
H
d
O'
O O O O
H e-1 U} Vf
VL VF
m
m
N
0
O
N
_ O
N ttU
v
O S_
ry L:
O 0.1
O
m c;:
o
o c
of
N xa
O fti
O „
fV @
N
n
D7
O � a
N �
O
m
V
t�.
'1.
N
�
N
�
0 0
0
0
o
a
o
v
ffl
w
c4
m
Y
R
Cd
C
G7
C
a'
H
d
O'
O O O O
H e-1 U} Vf
VL VF
m
m
N
0
O
N
_ O
N ttU
v
O S_
ry L:
O 0.1
O
m c;:
o
o c
of
N xa
O fti
O „
fV @
N
n
D7
O � a
N �
O
m
V
t�.
'1.
i
O O O O O
HILI
O
O
N
O
O
00
O
O
N
O
O
O
O
N
O
O
0
O
m
m
� m
m �
� o
� m
o mm
v o ry o o 'o M ry
�O N 6 d
° M fV � OO OO O
u
k > j
E a S a
� m E
m � a
o
F c
a
o or $
E E h
a
a
ZS 2
� Q
G �
m �
rts
[0 _
N
C
v �•
W
a
N
v
m
n C
4 S
A
m G
� c
d
in
p
a _
0
o �
2
O C.
� N 2
ui
�n
�w
�p
o
lu
a
d
v
-
c
_
v
u.
-
� iS c
r v
v
" � v
m a p
_
a c
W
v
�
� �
w Y
N o ry
a o = m
m
�
o �
m y
Y e
n
L a¢
a°
a
a
ZS 2
� Q
G �
m �
rts
[0 _
N
C
v �•
W
a
N
v
m
n C
4 S
A
m G
� c
d
in
p
a _
0
o �
2
O C.
� N 2
ui
�n
�w
�p
o
lu
a
d
K
a o a
O
m
N
o H
N N m
i N
N �y
Y
N
� N
� N
O
O N
O m O
� m
m
N
0
O
m
E
°a
m
<61
N
n
H
rn
L
3
N
0
O
w
b
�
N
N
O
�
m
�
`y
o
6
�
�
N
m
asa
o
\
I N
N
O
CD
a
d
o
Q
N
N
d
Q
p
Y
L
�
O
_ �
L
N
O
U
Oi
N
�
m
m
�
E
Co
bi
N n
m
O
¢
t6
O
c_
0
N
~
B
b
o
N
_
O
N
O
O
N
O
OJ
�D C N
O
N
m
tJ
O
a.
N E
h l0
6l1
C'
m
N
N
p
m
a o a
O
m
N
o H
N N m
i N
N �y
Y
N
� N
� N
O
O N
O m O
� m
m
N
0
O
m
E
°a
m
<61
N
n
H
rn
L
3
N
0
m
w
b
�
N
O
�
m
L
6
�
�
N
Y
\
I N
R
O
CD
d
Q
N
N
d
Q
p
Y
L
�
_ �
L
N
U
Oi
N
�
m
m
�
E
Co
bi
N n
m
a°
n
rn
u
0
�
O
m
6
�
�
�
N
W
Co
bi
N n
¢
t6
c_
0
~
b
o
N
_
N
O
OJ
�D C N
O
tJ
a.
3 w w m m e « c c a w v -c ,? « M N
_O L
n -
°
_ O
2
E _
L T O J
c
c a o 0
c b
u0
m o J `° Z' 3 J c � v o
.2 IZ
o
G E
�n v�� C J W lV O C N d � •O ° j > H v
c 3 o c m c n w+ m y o o m
a` `>
vE
WI E v- m °c° G E ._ .c w t« c w
A w mn -c u m 0 n
t° E O L a m N no v L
m ° c y m
N N S N T 00 = c 14
E v o m c_ pmq p A c S G T L ,y' p J m m G
o f
o c a
V L L *' N ;O v V a p O m N V
o v ° o v w e o 3 s wm 'c
°c°„ may % = w v v% mIW n v 3 n m
° T x o
O
G u
v m v O LV 'N V O n
o ° m o o _ m �? 03 + p Q Y
n,o a cs v�v v s v
m ry c L m ti v 0 C V o 3 .L. v m ° d J ✓" m
o A° G 3 3 o f c '> _ 3 n v v A E c a NJ m 'x v v o
m o o ., G c J c a �° 3 a s a >
0
ry o m
o r
0
o v E
a m E "- m° �L. Y v Q c E$
v m ranE
N S O e `O o�O° 'O
'G p n+ o m o m L E Q °C ✓� .n m C N
° � E� L m m °G° m v u
E +
> y
ry
v m
=
w x
�c3Y3 GaG as >, n`o ua- m�3Y o ., %.33`mp
`n
o w im" a v m
O m Y
J O u N m m N W v 3 L j G i v W C J J f6 C (U
ACWV'Vl >S vTG00 C NO1>N m AJV N�A
o -O E
rn ^' w y O .c;.
E m
E o r c s+
r3 m
a w
n� c 'g
o" o o v m N N J Q `o
m v n u u 0
Y >> L m
O
a
C
u Y v Y ',. c
3
c E °
v > c o
° E ®
E Lq ui
c =pw v dam oa v w o on 8 iv « v j v m} v c L1
0 v t ✓+ x = mo w = v 3 ,y m !° '- v v u `v m° c c ° 3 w o w `—' v o
V L�� W N L�_ L O O L C >~ n O L v L N> 6 w lL O y V O' L G° LE 6 L ',. n'•
m >
m o N 1 m
I
c n
n
t�9 `J w m
v
w
a`
a
t0 N N r V m
M
N r
M
N
r m O
a
'&.
lD
m
Y1
N
Vl
m
t0
m
c
t0
m
O]
Lq
m
N
oo
N
m 1�
�
a m
�p
y I
V V1 M m VI 0]
IN
N
vl V
V1
N
O
m
F
�
1
y
pp
'..
M O V1 m
m O N ti N
r
O
N lD
M t0
l0
vl
V Vl r
r V h C
a
Q
V
N
N
O
N
r
r
M
N
O
N
O O
a
N
N
O
m
m
m
m
U m
y
C
Q e
Lai
v.i
• �
o
o
o
o
c
1�
m
m
w
m
N
o
o
io
o
m
m
ro
w
o�I M
m
M
oim
o1
.+
a vt
•
�
l
m
vn
io
0
o
w a
m
v
�o
m
o
o
m
m
m r
m
ry
r,4
r rl
vt
N m
w
m
N
.n
a
v
m
m
a
m
Oa O OM O--iO ti..
ti
O
Z dl Z .y Z d Z .4 Z
N ti
O O
O-
O O O
®
C
s 3
a
vt
v
m
a
m
ry
vt
vt
.n
e
m
.+
o o e c' ✓� o'
ry
o a
N N
m >
N
m o N 1 m
I
c n
n
t�9 `J w m
v
m o 0 o
a`
t0 N N r V m
M
N r
M
N
r m O
a
0 o v ' r
m
r m
o
m
m
m
e ' m
�p
y I
V V1 M m VI 0]
IN
N
vl V
V1
N
O
m
F
�
1
y
pp
'..
M O V1 m
m O N ti N
r
O
N lD
M t0
l0
vl
V Vl r
r V h C
a
Q
ul
Lai
•
�
ww ,,,,
o
,`; o
®
r,4
°m
P'^0
Oa O OM O--iO ti..
ti
O
Z dl Z .y Z d Z .4 Z
N ti
O O
O-
O O O
®
C
of
l„
> O T T Y •-t Y
o
I
®1Iq
e
o o e c' ✓� o'
a
o a
o—
� a o o n o
m ®
pg�
M
M
zrycomom,rt �.n 2
"'t N b l0
¢,�m,rt
m
M I m "
O
O J
z
Vl N N `N,' Vi Vt
O O O O O N O Q
LL N
LL N C Q
LL K Q
Q
U' C m t0 m N Vt
e.,
u
®
f1L
o 0 o c
0 0 0 0 o
w o
0 o
ti
o 0 0 0
�
QD
C I
�n vt c m
vt
vt o
ab
Q
0
�
V
Q
EP's°
r
w
¢
�8
a
z
o
®
N
SRO
it
1
In
�i
�i
}
A
T'. W . V I W n N O ! n N e . N n n .
g ''. 10 0 o v 'n -n m H H m I H m a m oa 1�
W m
•g ., a n o m o a n :.n n �n o n v� O m �n n o
u
0 0 0 0 0 0 0 0 o c o 0 0 0 0 0 0 0 0
£ "'; 0 0 0 0 0 0 N N O N m 0 o n O o C O O
0 .n o �n O w O n n n w m o M v
a c'... ri ai m vi 6 �6 m o o m n of
Q C
l0 h lD m N N C m n O tO n N l0 m M N N
w m m m m m o m m m m m m m m m m m m o
.-i O O O O O O N O O M
6
a io a o m m 0 v n n o m o m in m �o v m
n h 1!1 m t0 m tO N t!1 V1 V1 1!1 V1 h m
'., Y1 h Vl flf Ol N C' tD n O Ol h O N V m O W Vl
O lO m O O M V m V V d' N n V
Y 3 N
1� O] l6 h 1t m n W M W
O N V W W N h N W
m m o m m Cn
n o Io :n m m r o N o o Io
m' Ol N N fV)' 'i W O1 V1 tD V N V lD
F �!
� N
Q'
a ro m g m m .°�' m ro v^i ry ° m n ro o o ry
W', �
n" d of v of �o io of m vi 6 v r m i6 n
p o m m o m m m o O m o m M
y U
Q
T, j
d m 5 G u
VI > O 2' Z 0 Z Z d
I- 0 O < 0 u m d T O Z
0 m m m ro O m¢ m
ti op o¢Qi
Mj.
fi
1
r
A
9
v
I
I
q
¢
<
<
<
<
6
i
z
z
z
z
z
z
N
C O';
x
w
Q CI
o
F
M
N m
V ydi
1�
Oi
I'D
O
m
el'
V
O
^
10
V
O O
O
O ti
n Q
t00
W
r
<
d
w
ro
m
v
ro
a
ry
m COn'', n
V
W
i-.
LL
=O• N
W
ab
d cu
O
V
rl
< o
V9 m
N
N
= N
M
w¢
w¢
Z s
<
¢
q
p
F
LL
n
w
6
❑ S
LL>
O
O
U
�
Q Q
a
V
Z
O h
N
vMl
2
U N
S
J N
LL J
w
i
7
i N O
z
❑
Q
¢
Q
�m
= O
®°
F�
r
ry
H ti
n
o
m
o
m
pw—.. m
o
m n: n ip
a
n
w
w
w
2
t7
w
Q
Lq
G mi
m
N
ri
�
QI
py
w
o
m
v,
m
p
m
v°�i
v
rmi
°m
m
III
6
I
0
i
G
T
x
w
°
o
F
N
H
y
K
¢
�
\
H O
t00
W
r
<
d
w
w
v
T W
LL
yLLy. �
V
W
i-.
LL
=O• N
W
ab
d cu
O
❑ d
d
< o
V9 m
w a
= N
N
w N
w¢
w¢
Z s
<
¢
q
p
F
LL
n
w
6
❑ S
LL>
>
Z w
U
n Q
Q Q
= 2
i- Z
Z
O h
N
2
U N
S
J N
LL J
w
i
7
i N O
z
❑
Q
¢
Q
�m
= O
®°
F�
r
H ti
n
Z a
h M
Z ❑
c.
pw—.. m
F ry
a
n
w
w
w
2
t7
w
Q
I
Wall
b
R
f
w
f
r.
f
f
FSPOR
a
VOA
J
A
w 2 a m
I tm0 o r! m v@i_ W N m
a o l9 n u�66io 1dc I .-goo
u
« y r °n'm rni�oo� Naw�m
Ilo w
ip
vmi�mom OD n
oo ni
a w �
� Y Imo. -i virv�r �n o. -loom
� w
Z W 2 M G M ON N OJ m M O l0 N W
".,''.. w � GK Z •-i vi ni .-� .-i mi o �d o '+ v
W
',e v �. Im ago .y ioorvrvmm o
O @ Q
E w
w
2 v°',om nr.n
�' o Q y u�o niN.i fovomri .-i m
trt fb'
'° mr ofommwm.+nom
a'a EEu "c
� � 0
ala o uu ;o d.:o�.+om. -iory ri
m !
�F 1��-�} mvmimm�ory a w�rv�
o � W
W2 m r v m w o + ry ry w v N
V Vi vi O 'i ri n N O N M
W W
m
w t0 W M m m N N O N N
-� Vl V O N rl lO O m N y
C �
W
U in m w m n m e� 0 0
X0000 00000000
Z
m Z m
d N O rl n N N 1-1 M V N N -'.
'O E g000�00000
X 0
it u
s
mry oorvi ri o.- !!.:00. -1
mm nm.i m emo
c �mMO m':r io incmio
@ O
0
Q
0
0
e
m
m
N
W
m
ro
m
0
N
m
m
'i
N
N
m
6
0
m
N N N
ti N N ti N H N N
.N-1
M6 M M6 M6 M
O .4 N M C V1 fO h W O1 O N N
N M
@ ry
0 0 0 0 0 0 0 0 0~ r! ti
0 ti
a 0 0 0 0 0 0 0 0 0 0 0 0
0 0
v
y
M M N M M M M M M M M M
T
H N fv) C til tD h W m O N
N