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<br />MIS HartnettlIra to continue to the regular meeting of January 24 after discussion with <br />Sequoia Audubon Society and U.S. Fish and Wildlife. The motion passed by a unanimous <br />voice vote. <br /> <br />B. Traffic Mitigation Fee Agreement with Irvine Apartment Communities (IAC); <br /> <br />RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT FOR <br />THE FUNDING OF OFF-SITE ROADWAY IMPROVEMENTS RELATING TO EAST <br />BA YSHORE ROAD AND EXTENSION OF EAST BA YSHORE ROAD; (Irvine Apartment <br />Communities Residential Marina Project) <br /> <br />MIS Ira/Howard to remove from consideration and continue to the regular Council meeting <br />of January 24. The motion passed by a unanimous roll call vote. <br /> <br />C. . Agreement for Consultant Engineering Services - Bayshore Road Widening: <br /> <br />RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF AGREEMENT FOR <br />PROFESSIONAL CONSULTING ENGINEERING SERVICES IN CONNECTION WITH THE <br />BA YSHORE ROAD WIDENING PROJECT; (Nolte and Associates, Inc.) <br /> <br />MIS Ira/Howard to remove from consideration and continue to the regular Council meeting <br />of January 24. The motion passed by a unanimous roll call vote. <br /> <br />D. Acknowledge Receipt and Accept the Comprehensive Annual Financial Report for Fiscal <br />Year Ended June 30, 1999; <br /> <br />Financial Services Director Ponty began his report confining discussion to the General <br />Fund activities, as it is the fund of which Council has the most discretion and will answer <br />questions on any part of the document. He stated sales tax was up 13% and continues to be <br />the largest source of funding in the General Fund at 30% of General Fund Revenue or 15.3 <br />million dollars. The downside of sales tax is that it remains very concentrated. Of the 15.3 <br />million dollars, over 7.5 million dollars is generated by just 25 businesses in Redwood <br />City. Property tax remains the second largest source of revenue at 24% of the General Fund <br />Revenue, or 12.4 million dollars. Property taxes were up 11 % over the prier year, <br />attributed to the strong housing and commercial markets with building activities going on <br />the past year. The Transient Occupancy Tax, or hotel tax, was up $391,000. or 24% and is <br />now slightly above 2 million dollars a year. The Utility Users Tax was up 7% and the one <br />major revenue that declined was building permit revenue. The building permit revenue had <br />declined 22% or $442,000. On the expenditure side, expenditures were up 10% over the <br />prior year and within budget. Employee costs continue to be the singlè.largesl"ftrnctional <br />category of expenditure with almost two thirds of the General Fund devoted to Salaries and <br />Benefits. By activity, Public Safety continues to be the largest single source of <br />expenditures with approximately 55% of the General Fund resources devoted to Public <br />Safety and reflects little change from the prior year. The expenditures were up more so <br />than prior years as a result of two large deliberate decisions by Council. One item being <br />adoption of the Police Department staffing study several years ago along with <br /> <br />REGULAR COUNCIL MEETING <br />MINUTES <br /> <br />JANUARY 10,2000 <br />DRAft 9 PAGE 7 <br />- ,mT fOR C!TrITt'?:) <br /> <br />-- .".. <br />