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