CCMIN 07202021 - Laserfiche WebLink

In response to Councilmember Arkin, Councilmember Balch clarified the motion is to direct staff to work with the Planning Commission to develop standards for private, managed, owned parklets to address aesthetics, size, and safety and to evaluate potential private parklets. Councilmember Testa encouraged exploring expanding parklets on the side streets and looking into additional options that were not discussed during the Downtown Specific Plan. MOTION: It was m/s by Balch/Narum to direct staff to work with the Planning Commission to develop standards for private, managed, owned parklets to address aesthetics, size, and safety and to evaluate potential private parklets. Motion passed by the following vote: Ayes: Councilmembers Arkin, Balch, Narum, Testa, Mayor Brown Noes: None Absent: None Mayor Brown recessed the meeting at 9:23 p.m. and resumed the meeting at 9:28 p.m. Mayor Brown reported Item 21 would be heard before Item 20. 21. Consider adoption of a resolution approving Livermore-Amador Valley Water Management Agency refunding revenue bonds and related documents and actions Director of Finance Tina Olsen noted LAWVWMA is a Joint Powers Authority (JPA) between Dublin San Ramon Services District (DSRSD), Pleasanton, and Livermore that provides construction, operation, and maintenance of a pump stadium and 16-mile pipeline that transports treated wastewater from an export pump station in Pleasanton to the East Bay Discharge Authority pipeline in San Leandro. Director Olsen reported LAVWMA issued $142.4 million in bonds in 2001 to fund the construction of LAVWMA's export pipeline. She advised the first refunding was in 2011 and this is a great time for the bonds to be refunded. The Net Present Value savings is $4.083 million and the gross savings is $4.275 million with Pleasanton's annual savings being $407,000. She explained Pleasanton's share of LAVWMA debt service funded through DSRDSD regional fee is passed through to Pleasanton's sewer customers in bi-monthly sewer bills. Director Olsen advised the City Council is approving a Sewer Service Contract, a Preliminary Official Statement (POS), a Continuing Disclosure Certificate, and authorize necessary actions and comments to issue the 2021 bonds. She provided a brief overview of the potential financing schedule. Councilmember Arkin expressed support for the item. Councilmember Testa expressed support for the item. In response to Mayor Brown's inquiries, Director Olsen confirmed this will extend the term of the bonds. Lora Carpenter, of Fieldman Rolapp & Associates, reported they presented the allocations of debt service based on the prior fixed cost allocation by debt service. She advised in 2001 the debt service total bond was allocated between an expansion debt service and a rehabilitation debt service. She advised those two have specific cost allocations for allocation purposes. She reported expansion is 69% of the debt and rehabilitation is 30% of the debt. When combined as an all-in cost allocation, Dublin's total cost allocation is slightly higher. Mayor Brown opened the public hearing. There being no speakers, the public hearing was closed. City Council Minutes Page 10 of 14 July 20, 2021