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It was moved by Ms. Michelotti, and seconded by Ms. Ayala, to adopt Resolution No. 97-49, to approve the 1997 Weed Supplemental Abatement List and authorize the appropriate staff members to proceed with the abatement on properties attached to the resolution. The roll call vQt¢ was as follows: AYES: Councilmembers - Ayala, Dennis, Michelotti, Pico and Mayor Tarver. NOES: None ABSENT: None ABSTAIN: None Item 6c Third Oo.rter 1996-97 Financial Report and U_odate of City's General Financial Policies. (SR97: 176) Susan Rossi presented the staff report. Ms. Ayala asked for staff to explain how the school bond indebtedness affects the City. Ms. Rossi said the rating agencies look at the overall indebtedness of all property in the City, including City and school bonds, to determine the rating for financing. Mayor Tarver had several changes he wanted to make to the policy: 1) leave in the wording "the City will annually, by an objective and analytical process, estimate revenues for the next three years and incorporate the next years' estimate into the budget document"; 2) eliminate the words "consistent with State law", in the wording "the City will recover the costs of new facilities and infrastructure necessitated by development, consistent with State law"; 3) move the statement "the City will periodically update replacement and maintenance financing plans, and incorporate them in the Budget" to Section D - Reserve Policies. Ms. Rossi said there policies were recommendations by the General Plan Subcommittee and are in the General Plan. There really had never been any specific direction given from Council on how to proceed. The Committee tried to keep the costs down, wanted to point out to Council restrictions, and tried not to be redundant. Ms. Ayala asked if things could be changed that were listed in the General Plan? Ms. Acosta said a list could be compiled of the issues and at the time the General Plan comes back for revisions the issues could be brought forward. Mayor Tarvet asked if all the City's financial policies were in the General Plan? Ms. Acosta said this document was being changed to include all policies. Pleasanton City Council 06/03/97 Minutes 8