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City of Pleasanton
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7/11/2008 2:39:13 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
7/15/2008
DESTRUCT DATE
15 Y
DOCUMENT NO
01 06-17-08
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that are created and asked that they be given an opportunity to prepare a ballot argument in <br />opposition to the Initiative to be put before the voters in the voter pamphlet. He also expressed <br />concerns regarding the Elections Code Section 9212 Report, stating it contains assumptions <br />and interpretations he believes were flawed, which he discussed at length. <br />Sean Lemoine confirmed that the west side of Foothill Road would be included in the Initiative, <br />questioned how the City would transfer units from the hillside down into the valley, said he is <br />100% opposed to this, said the ridgeline on the west side of Foothill Road is already protected <br />as 99% of the property is already owned by the Park District. <br />Steve Brozosky thanked Councilmember Sullivan for requesting continuance of Item 17a so <br />opponents of the Initiative can be present. He believed the fiscal numbers presented in the <br />report were very lop-sided and it fails to mention expenses to be incurred. He also cited school <br />district attendance assumptions and changes incurred, and asked the Council not to place a <br />competing Initiative on the ballot. <br />Mary Roberts thanked the Council for continuing Item 17a, agrees most initiatives have <br />unintended impacts, but well thought-out legislation also does, citing the recent law on <br />photovoltaics. <br />PUBLIC HEARINGS AND OTHER MATTERS <br />Mayor Hosterman requested the Council hear Item 18 out of the agenda order. <br />17. Concurrent City Council /Library Board of Trustees item: Consider a resolution approving <br />the Fiscal Year 2008-09 Mid-Term Operating Budget and Capital Improvement Program <br />Update <br />Director of Finance Dave Culver provided a presentation on the Fiscal Year 2008-09 Mid-Term <br />Operating Budget and Capital Improvement Program Update, stating the update incorporates <br />staff's assessment of impacts relating from economic changes since the original budget was <br />approved. He discussed the State Budget deficit. <br />Regarding bridging the $4.5 million gap in the General Fund, Mr. Culver said they address <br />slightly over $2 million of it through expenditure reductions, operating department budget <br />reductions, an additional reduction in the self-insured fund contribution and reduced <br />replacement plan contributions. He also discussed changes in fund balance reserve and carry <br />over funding of current year contingencies. <br />Mayor Hosterman confirmed staff re-balances out the reserve to be 10% of the revenues and <br />questioned that if the State suffers another shortfall, whether this could be adjusted to be 10% <br />of total revenues or could the Council amend the policy on a temporary basis to be 12% or 15% <br />of revenues. City Manager Fialho said staff "parked" an additional $1 million into a temporary <br />recession reserve which was a fixed amount. <br />Vice Mayor Thorne said the League of California Cities put on the ballot Proposition 1A that <br />prohibits the state from taking funds from cities, but the State forced cities to allow funds to be <br />borrowed with interest. If not paid back they can never borrow it again. He asked what the <br />impact would be if they decide to borrow funds from the City, and Mr. Culver said they can <br />borrow from property and sales tax and from VLF fees twice in a 10-year period. Currently, <br />Regular City Council/ <br />Library Board of Trustees Minutes 6 June 17, 2008 <br />
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