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Finance Highlights 2008 0415
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Finance Highlights 2008 0415
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5/12/2008 12:34:11 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
4/15/2008
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Committee Recommendation <br />Finance Committee has agreed to continue discussion at the May 12, 2008 Council Budget Work <br />Session. <br />2. Discussion Regarding Capital Improvement Projects Proposed Budget for 2008-09 <br />City Engineer Joseph presented the Capital Improvement Projects Proposed Budget for fiscal <br />year 2008-09. Projects included in the budget are: rebuilding designated street ramps in <br />compliance with ADA requirements; construction of the Estudillo/Callan Parking Garage; design <br />and construction of Senior Center; Annual Overlay Rehabilitation Programs; Annual Street <br />Sealing; as well as other projects. Councilmember Gregory asked if the City has maintained <br />sewer pipes in case of a big earthquake. Joseph stated that city pipes are inspected/serviced <br />periodically by our TV trucks and are in very good condition. The city does have clay pipes and <br />have been lined with corrosive resistant materials over the years. <br />Committee Recommendation <br />Committee has agreed to continue discussion at the May 12, 2008 Council Budget Work Session. <br />3. Discussion Regarding 911 Fee Annual Report <br />Budget & Compliance Manger Perini reported on the 911 Fee Annual Report. Currently, the 911 <br />Fee is on target to generate $2.46 million for the fiscal year ending June 30, 2008 and is <br />projected to generate $2.S million in fiscal year 2008-09. Staff recommended that the City <br />continue with its current rate of $2.06 per single access line. <br />Committee Recommendation <br />Finance Committee recommended taking report to Council. <br />4. Discussion Regarding Amendments to the Fee Schedule for FY 2008-09 <br />Carter presented the proposed adjustments to the City's fees, service charges, and taxes that <br />would be effective July 1, 2008. Changes primarily include adjustments based on Consumer <br />Price Index and the new Engineering Construction Cost Index. <br />Committee Recommendation <br />The Finance Committee recommended forwarding to the Council for approval. <br />5. Discussion on the Issuance of Tax Allocation Bonds by the Redevelopment Agency of <br />the City of San Leandro for the Joint Project Area <br />Carter presented information regarding the issuance of Tax Allocation Bonds by the <br />Redevelopment Agency of the City of San Leandro to which the proceeds, amount not to exceed <br />$35 million, will be used to finance capital projects previously approved by Council. The <br />2 <br />
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