Laserfiche WebLink
amount to $400,000.00. The package is reasonable and competitive with offer <br />cities in the area. <br />Council Member Hartnett stated that from a financial standpoint, it reduces the <br />City's overall obligation. In either case, the financial interests will be protected, <br />either revenue neutral or making money. <br />M/S Jordan /Ruskin to approve the reduction of housing assistance funds available <br />for City Attorney and providing discretion to the Mayor and Vice Mayor to <br />effectuate additional measures to secure repayment of housing assistance. The <br />motion passed by a unanimous roll call vote. <br />MINUTE ORDER 03 -58 <br />7. STAFF REPORTS — <br />A- Fiscal Year 2002/03 Budget Reductions <br />Financial Services Director Ponty explained the proposed budget reductions and <br />that the recommendation is conceptual approval with formal action to take place in <br />the form of an ordinance adoption at a later date. <br />Council Members asked various questions and made comments related to the <br />proposed reductions. <br />M/S Hartnett/Ruskin to approve the general fund budget reductions for fiscal year <br />2003/03 that have been submitted by the City Manager. The motion passed by a <br />unanimous voice vote. MINUTE ORDER 03 -58 <br />B. Guidelines for Fiscal Year 03/04 General Fund Budget Cuts <br />City Manager Everett explained the various scenarios for consideration and the <br />reason staff is recommending endorsement of Scenario "B ". He explained the <br />City's problem that include downturn of the economy and increased retirement <br />system contributions. Structural changes in the economy have affected the <br />situation such as some companies utilizing legal means to avoid paying sales tax. <br />The discussion tonight was to strategize how to bring the gap between revenues <br />and expenditures together. <br />M/S Ruskin /Pierce to endorse the policy delineated in scenario "B" in this report, as <br />a way of dealing with our deficit for fiscal year 03/04. The motion passed by a <br />unanimous voice vote. MINUTE ORDER 03-60 <br />C. Redwood Shores Branch Library Project Application <br />Council Member Pierce explained that she is the Council liaison to the Redwood <br />Shores Library task force. She explained that the Redwood Shores area is <br />underserved in library services. During the priority setting session of the City <br />REGULAR CITY COUNCIL MEETING MARCH 10, 2003 <br />MINUTES PAGE 4 <br />