HomeMy WebLinkAbout4/28/2013Town of Los Altos Hills
Special Joint Meeting Minutes of the Town of Los Altos Hills
�w City Council and Finance and Investment Committee
Thursday, March 28, 2013 — 3:00 p.m.
Council Chambers
26379 Fremont Road
Los Altos Hills, California
CALL TO ORDER, ROLL CALL AND PLEDGE OF ALLEGIANCE
Mayor Waldeck called the City Council Special Meeting to order at 3:04 p.m. in the Council
Chambers at Town Hall.
City Council Members Present:
Mayor Gary Waldeck, Councilmember John Harpootlian, Councilmember Rich
Larsen, Councilmember Courtenay Corrigan (arrived at 3:32 p.m.)
Absent: Vice Mayor John Radford
Finance and Investment Committee Members Present:
Chair Jean Mordo, Vice Chair Allan Epstein (arrived at 3:08 p.m.), Committee
Members: Bill Silver, Jim Lai, Kjell Karlsson (arrived at 3:10 p.m.), Stanley Mok
(arrived at 3:05 p.m.), Roddy Sloss, Susan Mason
f4w Absent: Committee Member Frank Lloyd
Staff: City Manager Carl Cahill, Administrative Services Director Yulia Rasulova,
Finance Manager Richard Lee, City Clerk Deborah Padovan
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1. NEW BUSINESS
A. Study Session to Review Current and Future Projects of the Finance and Investment
Committee (FIC Chair: Jean Mordo)
The Finance and Investment Committee sought guidance from the City Council
regarding the following topics:
• Westwind Barn
Discussion regarding the Westwind Barn ensued. The Finance and Investment
Committee stated that the deficit for the Westwind Barn is projected to be
approximately $180,000 in the current fiscal year, and they were examining ways to
reduce the deficit.
Members of the public voiced their opinions and concerns on the management of
Westwind Barn.
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Special Joint Meeting Minutes of the Town of Los Altos Hills
City Council and Finance and Investment Committee
March 28, 2013
DIRECTION: The City Council directed the Finance and Investment Committee to
provide a recommendation on how to proceed with managing the Westwind Barn. A
Taskforce to review the matter was formed with the following members: Allan
Epstein, Valerie Metcalf, Ed Medlin, Nancy Couperus, Kjell Karlsson, Vice
Mayor Radford and Mayor Waldeck. The Taskforce will return to the Council at
the April 18th meeting to provide an update on the status.
• Sewer rate study
• Quarterly financial statements
• Proposed GASB changes — pension and benefit liabilities
• Building and planning fees and alignment with costs
• Insurance review
• Reserve monitoring — pensions, OPEB and RIF
• Employee retirement cost sharing
• Street maintenance budgeting
• Public safety contract renewal
• City Attorney contract review
On the remaining items, the City Council provided direction to the Finance and
Investment Committee to proceed with further review of the topics as presented. No
further action was taken.
2. ADJOURN
The meeting adjourned at 4:55 p.m.
Respectfully submitted,
Deborah Padovan
City Clerk
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Special Joint Meeting Minutes of the Town of Los Altos Hills
City Council and Finance and Investment Committee
March 28, 2013