CCMIN042099 - Laserfiche WebLink

Ms. Michelotti fought the battle for a single pipeline and lost. A compromise was made. She wanted to hear from the public in order to move forward and hopefully have only one disruption. She agreed it did not make any sense to do the construction twice, and felt there was a need to send back the best recommendationto LAVWMA. Ms. Ayala wanted to see the dollar amount attached to the different projects. Ms. Michelotti agreed there were still a lot of questions unanswered regarding the financing plan. Mr. Lum said a financing plan would be before Council sometime in May. Item 6c Second Quarter 1998-1999 Financial Report and Midyear Review (SR99:96) Mr. Pico explained he wanted this item agendized because he wanted the public to be informed about Pleasanton's financial condition. Ms. Acosta recognized that there is a great deal of interest to have the reports presented publicly, but due to the heavy agendas, staff placed this item on the consent calendar. Sue Rossi gave an overview of the 1998 - 1999 Financial Report and midyear review. Ms. Dennis asked where the increase in property tax was coming from. Ms. Rossi said there has been an increase in both residential and commercial construction. She explained there is a time lag of approximately two years before the City actually sees the assessments from the sale of residential homes. Ms. Dennis would be interested in seeing the lag figure from the commercial side. Ms. Rossi said during the recession many of the commercial properties, as well as residential, applied for reassessments. The City is just now starting to see those figures go back up. In the same respect, the property tax revenues from the development in Ruby Hill has had a slow turn around time. She also mentioned the City does not receive any revenue from those that shop on the Internet and outside of Pleasanton. Ms. Acosta said a number of cities are seeing dramatic impacts from people shopping on the Internet. Pleasanton City Council 12 04/20/99 Minutes