CCMIN011795 - Laserfiche WebLink

Ms. Dennis asked what would be involved in exploring the concept of a non-profit corporation. She really preferred the City to endow a fund that is raising money from other areas. The City would give the non-profit some credibility but administration would be by the non-profit. Ms. Acosta indicated that a 501(3)(c) could be done within ninety days. It has been done for other organizations like the Centennial Committee. Mr. Tarver stated there are many ideas out there, but the point is do we want to pursue this and have staff come back with options. Mr. Pico adamantly supported seizing this opportunity to assist the youth. Pleasanton is a model city and it can find ways to administer the money prudently. We can have public hearings to explore all possibilities. It was moved by Mr. Pico to approve staff recommendations 1 through 4 with the exception that in Item #1 a transfer of $301,782 to the General Fund instead of $401,782 and an item #5 be added to set aside $100,000 in a fund with uses yet to be determined but with a general purpose of using the money for youth related activities, with staff to come back with options. The motion died for lack of a second. Mr. Tarver spoke strongly in support of following the process. He was not sure the $100,00 was the appropriate amount to set aside for youth activities. However, in reviewing the funds according to established procedures all questions can be answered and all can apply for funds equally. Ms. Dennis requested that the motion include looking at ways of creating funding for youth programs and establishing the intent of Council to use funds for youth activities. It was moved by Mr. Tarver, seconded by Mr. Pico, to approve staff recommendations 2, 3 and 4 and the $401,782 to be put into a reserve for allocation through the normal budget and CIP process, including direction to explore ways of creating funding for youth programs. Ms. Michelotti did not support placing the entire $401,782 back into the CIP. She could support $100,000 in an undesignated fund. The CIP projects could include a teen center and that is a service to the entire community. The problem arises because there are so many unfunded projects. Ms. Acosta suggested going back to setting up an undesignated fund of $100,000. The $301,782 keeps the CIP whole. There is a danger of jeopardizing current CIP programs by opening up the entire CIP budget. Staff will bring back concepts for a youth program. 01/17/95 16-