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Meeting Minutes <br /> October 16, 2003 <br /> Town of Los Altos Hills <br /> City Council Special Meeting <br /> Thursday, October 16, 2003, 5:00 P.M. <br /> Council Chambers, 26379 Fremont Road <br /> 1. CALL TO ORDER, ROLL CALL, AND PLEDGE OF ALLEGIANCE <br /> Mayor Cheng called the Special Meeting of the City Council to order at 5:00 p.m. in the <br /> Council Chambers at Town Hall. <br /> Present: Mayor Cheng, Councilmember Kerr and Councilmember Warshawsky <br /> Finance and Investment Committee Members Frank Lloyd, Wilfred <br /> Corrigan, Craig Jones, and R. Douglas Norby <br /> Absent: Mayor Pro Tem O'Malley, Councilmember Fenwick <br /> Finance and Investment Committee Membrs Lalla Carsten, Lall Jain and <br /> Roy Rogers <br /> Staff. City Manager Maureen Cassingham, City Attorney Steve Mattas, Planning <br /> • Director Carl Cahill, City Engineer/Director of Public Works Mintze <br /> Cheng, Administrative Services Director Sarah Joiner, Accountant/Office <br /> Manager Cindy Higby and City Clerk Karen Jost <br /> Press: Kaye Ross, San Jose Mercury News and Tim Seyfert, Los Altos Town <br /> Crier <br /> 2. STUDY SESSION ON THE REVISED OPERATING AND CAPITAL. <br /> IMPROVEMENT BUDGETS-FISCAL YEAR 2003-2004 <br /> Administrative Services Director Sarah Joiner summarized her staff report for Council <br /> and the Finance and Investment Committee. She explained that she had met with the <br /> Committee on October 16, 2003 to review the Town's Fund Balances/Retained Earnings <br /> Summary Revisions after adoption of the State Budget for Fiscal Year 2003-2004. This <br /> was reflected in Worksheet #1 of Joiner's report. The Committee's approved <br /> recommendations were shown as Worksheet #2. This was being forwarded to the City <br /> Council for consideration on the agenda as Public Hearing Item 11.1 of tonight's Regular <br /> City Council Meeting. <br /> Discussion ensued regarding the possible fiscal impact of the newly-elected Governor's <br /> campaign promise to eliminate the vehicle license fees; street projects; proposed Town <br /> projects; and the spreadsheet format that was being used. <br /> Council requested that Administrative Services Director Joiner prepare a revised budget <br /> report format that would show: <br /> Special City Council Meeting Minutes <br /> October 16,2003 <br />