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Administrative Services Director Joiner during the budgeting process. He thanked her for her excellent estimation of their needs. Vargas added that their budget appropriation will • be used to launch several projects and he encouraged Council to adopt the proposed budget. CLOSED PUBLIC HEARING Councilmember Warshawsky explained that the June 2, 2004 joint study session with the Finance and Investment Committee had been very helpful in reviewing the budget in depth and resolving any questions he had. The outstanding issue now is the financing of Town Hall and that will be discussed by Council at their July 15th regular meeting. Warshawsky noted that he favored adoption of the proposed budget. Councilmember Fenwick concurred. The meeting with the Finance and Investment Committee had been productive and issues had been "aired". Fenwick added that he supported approval of the proposed budget. Mayor O'Malley thanked Administrative Services Director Joiner for her definitive presentation and efforts with the proposed budget. O'Malley explained that the budget's primary focus is finishing the new Town Hall. Council could revisit the budget for additional requests during the mid-year review when there would be a better understanding of Town Hall construction costs. O'Malley added that he understands that a major interest of Town residents is the maintenance of the road infrastructure. During the joint session with the Finance and Investment Committee, the concept of traffic • impact fees had been introduced as a possible solution — placing the responsibility of repairing the roads on those that damage them with heavy equipment and trucks. This is being reviewed by staff and will be forwarded to Council for their consideration. O'Malley concluded that he is in favor of approving the budget as proposed. Mayor Pro Tem Kerr suggested that the Town's business license fees were an additional revenue source that he would like reviewed. City Attorney Steve Mattas explained ballot measure and voter passage requirements for taxes noting that business license fees are structured as taxes. Staff was directed to perform a preliminary review of business license revenues. MOTION SECONDED AND CARRIED: Moved by Fenwick, seconded by Cheng and passed unanimously to approve the FY 2004-2005 Operating and Capital Improvement Budget. MOTION SECONDED AND CARRIED: Moved by Kerr, seconded by Warshawsky and passed unanimously to adjourn to the Closed Session at 8:17 p.m. • 11 City Council Special Meeting Minutes June 16,2004