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HomeMy WebLinkAbout11/27/23 BUDGET FINANCE & ECD MINUITESBAKERSFIELD THE SOUND OF 5a)PWJirt Vegey Staff: Christian Clegg, City Manager Gary Hallen, Assistant City Manager Mario Orosco, Budget Officer Committee Members: Councilmember, Andrae Gonzales - Chair Councilmember, Ken Weir Councilmember, Eric Arias Regular Meeting of the Budget, Finance and Economic Development Committee of the City Council - City of Bakersfield Monday, November 27, 2023 12:00 p.m. City Hall North, First Floor, Conference Room A 1600 Truxtun Avenue, Bakersfield CA 93301 AGENDA SUMMARY REPORT Meeting called to order at 12:00 p.m. 1. ROLL CALL Committee Members Present: City Staff Present: Councilmember Andrae Gonzales - Chair Councilmember Eric Arias Councilmember Ken Weir Christian Clegg, City Manager Josh Rudnick, Deputy City Attorney II Scott Andrews, Assistant City Manager Julie Drimakis, City Clerk Mario Orosco, Budget Officer Joe Conroy, Public Information Officer Jenni Byers, Acting Economic Development Director Additional Attendees: Members of the Public and other City Staff 2. PUBLIC STATEMENTS a. Agenda Item Public Statements None b. Non -Agenda Item Public Statements None 3. ADOPTION OF THE SEPTEMBER 25, 2023, AGENDA SUMMARY REPORT Motion to adopt the Agenda Summary Report by Committee Member Arias. Motion unanimously approved. 4. NEW BUSINESS a. Discussion of Affordable Housing Development Impact Fee Deferral Program (Staff recommends review and discussion regarding an Affordable Housing Development Impact Fee Deferral Program and seeks direction on deferral options.) Acting Director Byers, gave a presentation on Affordable Housing Development Impact Fee Deferral. City Manager, Christian Clegg discussed Affordable Housing being a high priority. Motion by Committee Member Gonzales to move forward to Council with allowing impact fees to be spread out over a five-year time frame, with initial payment of ten percent, at zero percent interest, beginning with the certificate of occupancy. Motion approved with Committee Member Weir abstaining. b. Economic Opportunity Areas (EOA) Program Update: Review of Downtown Competitive EOA Awardees (Staff recommends discussion and review of the Requests for Proposal results for the Downtown Competitive EOA grant) Acting Director Byers, gave a presentation on Competitive EOA Award recommendations. Committee Member Gonzales requested a memo from City Attorney on what triggers prevailing wages. Motion by Committee Member Gonzales to move forward with funding recommendations by staff, with Guild House removed. Motion unanimously approved. Budget, Finance and Economic Development Committee Regular Meeting November 27, 2023, Agenda Page 2 5. COMMITTEE COMMENTS Committee Member Arias, asked for an update on the security grant program. Committee Member Gonzales made a referral to request staff to develop a resolution to clarify intent. Also, to determine what percentage of funding goes to the overall cost of investment. Lastly, to look at Economic and Community Development as a whole and how the impacts are measured. 6. ADJOURNMENT Meeting was adjourned at 1:22 p.m. l ANDRAE GONZALES, CHAIR BUDGET, FINANCE AND ECONOMIC DEVELOPMENT COMMITTEE ATTEST: JU IE DRIMAKIS, MMC CITY CLERK and Ex Officio Clerk of the Council of the City of Bakersfield Budget, Finance and Economic Development Committee Regular Meeting November 27, 2023, Agenda Page 3