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MINUTES of THE MEETING of THE CITY COUNCIL May 5, 1975 The City Council met in Adjourned Regular Session at 8:00 P.M., at the Veterans Memorial Building, to discuss the Economic Element of the General Plan. Councilmembers Herlihy, LeClaire, McLain, Philcox, and Mayor Kinney were present. Mr. Edgar, City Manager, Mr. Bowling, Director of Housing and Community Development, Mr. Glenn, Planning Aide, Mr. Sooby, Director of Engineering Services, Mr. Caporusso, Recreation Superintendent, Mr. Walker, Assistant to the City Manager, were present. Mr. Bob Arnold and Mr. Steve Levy, Consultants, Institute of Regional and Urban Studies, were also present. INTRODUCTORY REMARKS Mayor Kinney stated the purpose of this meeting was to acquaint the public with the Economic Element of the General Plan. STAFF PRESENTATION BackSround on Current General Plan Revision Mr. Edgar stated the Economic Analysis was the latest element of the General Plan, and would be incorporated with the other elements into a single document for review at a later date. FISCAL ANALYSIS OF PLEASANTON GENERAL PLAN Mr. Steve Levy, Consultant, Institute of Regional and Urban Studies, reviewed the major findings of the Economic Analysis, as follows: 1. Under the Baseline or No Growth case operating budget expenditures are expected to increase slightly faster than revenues between 1975-80. The General Fund - Recreation budget deficit is projected to reach $367,000 in 1979-80, which is equal to 8% of projected revenues. 2. Increased revenues from 3,000 additional households between 1975-80 will cover costs for non-salary expenditures and allow an approximately 24% increase in personnel with a 32% increase in households and 28% increase in population. 3. Trends in revenues and expenditures for the General Fund - Recreation budget beyond 1980 are projected to be similar to the trends for 1975-80. The deficit under the Baseline or No Growth case is projected to equal approximately 15% of total revenue. 4. There will be a deficit of approximately $2-3 million for financing a projected $3.7 to $5.5 million of capital projects in the 1975-80 period. 5. Approximately $51 million (1975 prices) in capital projects have been projected for the period beyond 1980. Street projects account for $38 million of the total. There is no way currently to finance the projected $30 million shortage in revenues required for street projects. 6. There will be no differences in the fiscal impacts on school districts from alternative growth rates under present and future school financing legislation. City Operating Cost Projections School District Operatin~ C~..st Projections City Capital Cost Projections Mr, Levy presented Charts displaying projected figures as follows: 1.Projections of General Fund - Recreation Budget for Baseline (no growth) Case for period 1974-75 to 1979-80.