CC Min 1998-07-06 Bdgt - Laserfiche WebLink

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I I ' . - Vice Mayor Ruskin said the interest payments on the Reserves are used to finance current expenses and asked Director Ponty what impact the loss of interest would have on projected expenses in the upcoming Budget. Director Ponty said, "The Agency is able to make the interest payments on the loan... The interest income that the Redevelopment Agency would be paying (on the City loan) is the same amount that the City would be earning if we invested in the State Local Agency Investment Funds. There would be no financial harm to the General Fund." Council Member Hartnett referred to the Community Development Services Department Budget, Comprehensive Long Range Planning Priority, Page 55, the Build-Out Analysis of the Existing Zoning Ordinance and Land Use Plans, and said the Performance Indicator states a Report back to Council and the Planning Commission was due in June 1999. He said the Council originally did not ask for a Citywide analysis, but wanted to focus on high priority areas of the City. Council Member Hartnett asked that a focused analysis be brought to the Council at a future date. MEMO 7/7/98 Council Member Hartnett referred to the same document, Council Priority No.4, Play Fields and Parks Improvements, on Page 56, and said that the Performance - indicator was to include funding in 1998/99 and 1999/2000 C.I.P. Budget. He said $1 million was set aside in 1998/99 but he did not see any funds set aside for 1999/2000. He asked that the 1999/2000 Budget include some money for playing fields with the same goals, to increase the inventory, which is the consensus of the Council to continue this effort in the years to come. MEMO 7/7198 Council Member Hartnett referred to the Redevelopment Agency Budget, the First Time Homebuyers Program, and said it was an extremely important program. He said the Council gave the HHCC the responsibility of developing strategies to recommend to the Council, and said it was important for the Council to meet with the HHCC jointly, somewhat early in the process, "So the Council may pass along our own thoughts that might also shape what might be the final recommendation of the Committee. It is a big area and I know the HHCC is frankly more competent to deal with it than we are, but after they have done some work on it, before they get to the stage of actually making a recommendation, I think it would be helpful for us all to get together an talk about it." MEMO 7/7/98 Council Member Bain referred to Council Priority No.5, Code Enforcement, Page 56, and asked the status of the current Code review process. Building and - Inspections Manager LaTorra said the Council Committee on Code Review has BUDGET STUDY SESSION MINUTE BOOK NO. 57 JULY 6,1998 MINUTES Page No. 049 PAGE 6