HomeMy WebLinkAbout06/02/2004 (2) • Meeting Minutes
June 2, 2004
Town of Los Altos Hills
City Council Special Meeting
Wednesday, June 2, 5:00 P.M.
Council Chambers, 26379 Fremont Road
1. CALL TO ORDER, ROLL CALL,AND PLEDGE OF ALLEGIANCE
Mayor Cheng called the Special Meeting of the City Council to order at 5:00 p.m. in the
Council Chambers at Town Hall.
Present: Mayor Emily Cheng, Councilmember Bob Fenwick, Councilmember
Breene Kerr(joined meeting at 5:15 pm) and Councilmember Dean
Warshawsky
Absent: Mayor Pro Tem Mike O'Malley,
Staff: City Manager Maureen Cassingham, City Attorney Steve Mattas, Planning
Director Carl Cahill, Acting City Engineer/Director of Public Works Dave
is Ross, Administrative Services Director Sarah Joiner, Accountant/Office
Manager Cindy Higby and Ci nClerk Karen Jost
Committee: Finance and Investment Committee Members Lalla Stark(Chair), Lall
Jain, Craig Jones and Roy Rogers
2. STUDY SESSION WITH THE FINANCE AND INVESTMENT COMMITTEE
REGARDING PROPOSED FY 04-05 OPERATING AND CAPITAL
IMPROVEMENT BUDGET
Administrative Services Director Sarah Joiner distributed a summary report to the
Council and Finance and Investment Committee that included highlights of the proposed
Operating and Capital Improvement Program Budgets for FY 2004-2005. Joiner
explained that she was seeking input from the Council at the study session for any
changes to the draft budget before them. She noted that the Finance and Investment
Committee had met and reviewed the budget and a Public Hearing on the budget had
been scheduled for the Special City Council Meeting of June 16, 2004. Council will
consider adoption of the budget at that meeting. Joiner added that the budget would
return to Council mid-year for review and adjustments.
Craig Jones, Finance and Investment Committee, offered the suggestion that Council
consider approving the budget with a contingency appropriation that could be drawn from
during the year for additional expenditures. The Committee and City Council concurred
that this was a good suggestion and would be considered. It was agreed that the Town
should have a goal of a balanced budget with stable reserves.
A brief discussion ensued regarding the escalating costs of employee benefits. It was
determined that the Town's costs are consistent with industry trends and increases are due
to the rising costs in health and retirement benefits.
Revenue sources were discussed. Council directed staff to prepare reports on traffic
impact fees and 911 fees and forward them to Council for review at a future date.
Council and the Committee discussed the available options for paying for the new Town
Hall. It was determined that with the recent escalation of interest rates, it would be
advantageous for Council to make a decision regarding borrowing funds for the project.
Council will agendize this issue for consideration at the July 15, 2004 City Council
meeting. They requested input from the Finance and Investment Committee.
The Finance and Investment Committee reported that they have discussed the possibility
of an exchange of Town owned property for the Bullis School site. City Attorney Steve
Mattas advised that it would be appropriate to agendize any further discussion of this
concept to a future meeting. Lalla Stark, Finance and Investment Chairman, offered to
approach the School District and will report out to Council at the July 15, 2004 City
Council Meeting.
3. PRESENTATIONS FROM THE FLOOR
4. ADJOURNMENT
The City Council Special Meeting was adjourned at 6:00 pm.
Respectfully submitted,
Karen Jost
City Clerk
The minutes of the June 2, 2004 Special City Council Meeting were approved at the June
16, 2004 Special City Council Meeting.