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CC 05-23-01 APPROVED MINUTEg CUPERTINO CITY COUNCIL Regular Adjourned Meeting Wednesday, May 23, 2001 PLEDGE OF ALLEGIANCE At 7:10 p.m. Mayor lames called the meeting to order in the Council Chambers, 10300 TOlTe Avenue, Cupertino, California, and led the Pledge of Allegiance. ROLL CALL City Council members present: Mayor Sandra James, Vice-Mayor Richard Lowenthal, and Council members Don Burner and Michael Chang. Council members absent: None. Staff present: City Manager David Knapp, Administrative Services Director Carol Atwood, Community Development Director Steve Piasecki, Parks and Recreation Director Therese Smith, Recreation Supervisor Don McCarthy, Recreation Coordinator Klm Frey, Recreation Supervisor Christine Hanel, Public Works Director Ralph Quails, City Attorney Charles Kilian, and City Clerk Kimberly Smith. ORAL COMMUNICATIONS - None STUDY SESSION 1. City Council study session on the 2001-2002 budget. The first of two study sessions, this meeting included discussion of the overall financial picture, Capital Improvement Projects (CIP), "at-risk" revenues, debt fu~nneing and program options. Administrative Services Director Carol Atwood reviewed a series of hand-outs, including the proposed budget for 2002-02, the Capital Improvement Project options, and a proposed Five Year Capital Improvement Program budget. She also handed out a copy of her Powerpoint presentation on the Fiscal Year 2001-2002 Budget Study Session. Atwood highlighted the budget projections for this year and next, the capital improvement projects, and the city's reserve policy. She explained that the city's current policy states that there will be a reserve of $15 million, comprised of $2.5 million for economic uncertainty, $7.5 million for disaster preparedness, and $5.0 million for CIP/future acquisitions. Atwood said that the budget assumptions made in this proposal include a possible economic downturn, no new revenue sources, utility cost increases, a construction _ escalation factor, and some "at-risk" revenues. These revenues include the utility users tax, PG&E franchise fees, vehicle license fees, and a portion of the city's sales tax. May ~)l, ~OOl ~uper~no ~ity ~ouncll Page After discussion the City Council concurred that staff should focus on revenue enhancements, including debt refinancing, the inventory and possible sale of excess city- owned property, and economic development efforts. They declined to pursue at this time a general sales tax initiative, general obligation bonds for the new library, increasing or extending the utility users tax, or increasing the transient occupancy tax. Council members unanimously agreed on the following items: · That the city should budget $450,000 for a skate park, and pursue corporate funding or donations for any additional amount necessary to construct it. They concurred to continue pursuing both the Compaq site and the Sports Center site as potential locations. · That the civic plaza should be upgraded in conjunction with the construction of the new library. · That staff should continue to pursue locations for a teen center, with the Quinlan Community Center as a first choice. Staff was also directed evaluate the Blue Pheasant Restaurant as a second choice. · That the Sports Center should be rebuilt. Staff and the Parks & Recreation Commission will provide a list of programming options for Council review. · That staff should investigate the cost of expanding the crosswalk at Mary Avenue and Stevens Creek Boulevard to provide a safety island and/or to slow down traffic on Mary. ADJOURNMENT At 9:50 p.m., the meeting was adjourned to a School and City Summit on Tuesday, May 29, at 5:30 p.m. at the Cupertino Senior Center, 21251 Stevens Creek Blvd. Kim~, City Clerk