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5.1.2 Undergrounding of Utilities—Status Report <br /> • Councilmember Warshawsky reported that the R.W. Beck Engineers and a Business <br /> Development Representative attended their last meeting and reviewed the cost estimates <br /> for the project with the Committee. After four months of investigation and review, the <br /> Committee has determined that they are comfortable with the earlier projected costs from <br /> R.W. Beck of$50 million. <br /> The Committee has also unearthed some possible funding that might be available for the <br /> undergrounding project. These include both State and Federal funds that could be applied <br /> to the project. <br /> Councilmember Warshawsky added that it is crucial that undergrounding be included as a <br /> feature of the agreement during the Comcast negotiations. It is a significant component <br /> to the success of the project for cable television to be included with the undergrounding <br /> telephone and power utility lines. <br /> PUBLIC COMMENT <br /> Mike Scott, 27860 Black Mountain Road, requested Council investigate the potential <br /> liability to the Town for State and Federal Capital Gains Taxes for improvements by <br /> upgrading to undergrounded utilities. <br /> Councilmember O'Malley explained that it was his understanding that a tax would only <br /> • be applicable if the Town funded the work and then gave the undergrounded utilities to <br /> PG&E. They(PG&E)would be responsible for gift taxes i.e. capital gains. <br /> Councilmember Warshawsky noted that his Committee has discussed the issues of <br /> taxation and in the near future will seek.advice on the subject from a financial expert. <br /> Jim Abraham, 12831 Viscaino Road, stated that he was taxed when he undergrounded <br /> utilities at his residence. Approximately 30% of the fee he paid to PG&E was a State tax <br /> on the improvements. <br /> CLOSED PUBLIC COMMENT <br /> Councilmember Warshawsky announced the next meeting of the Undergrounding <br /> Committee would be June 18, 2003 at 7:30 p.m. in Council Chambers. <br /> 5.1.3 Master Pathway Map—Committee Report <br /> Councilmember O'Malley noted this would be discussed as Item 6.4 <br /> 5.1.4 View Protection Ordinance <br /> Adopted as Consent Item 4.7—Ordinance No. 247 <br /> 5.2 Proposed Draft Ordinance Amending Title 6 "Sanitation and Health"by <br /> Adding a New Chapter Entitled"Wood Burning Appliances" <br /> 3 City Council Meeting Minutes <br /> June 5,2003 <br />