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6. NEW BUSINESS <br /> 6.1 Review of City Council Holiday Meeting Schedule <br /> The City Council reviewed their regularly arl scheduled meeting for November and <br /> December and agreed that the schedule was functional and they would not require any <br /> adjustments to accommodate the holiday schedule. <br /> 6.2 Proposed Evaluation of Westwind Barn <br /> Continued to November 11, 2005 Regular City Council Meeting. <br /> 6.3 Proposal to Provide Consulting Services to Recover Tax Equity Allocation <br /> (TEA)Funds from Santa Clara County for the No/Low Property Tax Cities <br /> City Manager Maureen Cassingham introduced this item to Council. Council had before <br /> them a proposal to provide consulting services to recover tax equity allocation (TEA) <br /> funds from Santa Clara County for No/Low Property Tax Cities. Cassingham provided a <br /> brief historical overview to Council on the history of the Town's designation as a"no/low <br /> property tax" city. She reviewed for Council the options that they had to recover the <br /> property taxes that included: efforts to legislatively eliminate the provision in the Tax <br /> Equity Allocation legislation at the County or State level or to move forward with the <br /> proposal from Greg Sellars or other qualified firms to recover the TEA funds. <br /> Cassingham noted that the four"no/low property tax" cities in Santa Clara were Saratoga, <br /> • Cupertino, Monte Sereno and Los Altos Hills. Staff estimated that the shortfall of TEA <br /> funding cost the Town approximately$225,000 per year and with the increase in property <br /> valuation over the last four years, the shortfall for fiscal year 2004/2005 would be <br /> approximately$400,000. <br /> Mayor Kerr reported that he had met with Mr. Sellars and the Mayors of the other <br /> "no/low tax" cities to discuss his proposal. He offered that this was not about raising <br /> taxes but the Town "getting it's fair share" of property tax revenues. Kerr acknowledged <br /> that the other cities had voted affirmatively to move forward with Mr. Sellars' proposal. <br /> Council discussion ensued. Councilmember O'Malley noted that he had spoken with <br /> Saratoga's Mayor Kathleen King during his tenure as Mayor regarding the very lengthy <br /> process to recapture the funds. O'Malley suggested that it would be appropriate to join <br /> with the other cities and maintain a united front. Council reviewed the costs associated <br /> with Sellars proposal and determined that it was acceptable. <br /> MOTION SECONDED AND CARRIED: Moved by Warshawsky, seconded by Mordo <br /> and passed unanimously to approve the proposal from Greg Sellars, Sellars Associates to <br /> recover TEA funds for West Valley cities as outlined in his memo dated October 20, <br /> 2005. <br /> 6 <br /> City Council Meeting Minutes <br /> November 3,2005 <br />