CCMIN011993 - Laserfiche WebLink

65 As an example, the City will spend a million dollars next year and each of the next five years. Ms. Rossi indicated the fund is reviewed annually. The money is not just accumulated for fifty years. Improvements will be a combination of cash and bonds, but the debt service on bonds is very expensive. Betty Hysted, 2412 Heatherlark Circle, inquired about the connection fee. She also wanted assurance that the Sewer Fund is kept separate. Mr. Tarver stated the Council has made sure that new development pays for expansion and existing rate payers do not subsidize that process. He assured Ms. Hysted that the Sewer Fund is entirely separate and is not used for anything else. There being no further testimony the public hearing was closed. It was moved by Ms. Mohr, seconded by Ms. Scribner, that Ordinance No. 1587 be introduced, to be read by title only and waiving further reading thereof, amending the sewer rates and charges, to adopt Resolution No. 93-11, amending the Master Fee Schedule, to authorize the transfer of $1.1 million in Sewer Maintenance and Operating (M&O) Fund reserves to the Sewer Replacement and Improvement Fund; and to amend the 1992-93 Sewer M&O transfer to the replacement reserve to be $312,500 instead of $500,000. The vote was as follows: AYES: Councilmembers - Mohr, Pico, Scribner, and Mayor Tarver NOES: None ABSENT: None ABSTAIN: None 7. SPECIAL AND INFORMATION REPORTS Item 7a Actions of the Zoninq Administrator (IR 93:10) There were no appeals. 8. MATTERS INITIATED BY COUNCILMEMBERS Highway 84 Ms. Mohr indicated Alameda County has been working on its General Plan and indicated the County Planning Commission has recommended that Highway 84 be two lanes. If that is approved the 01/19/93 15