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HomeMy WebLinkAbout08/15/1995 ~..~' /~/ K E R S F I E L D Alan Tardy, C~ty M ~ger Patricia J. DeMond, Chair Staff: Dolores ler Irma Carson Kevin McDermott. AGENDA SUMMARY REPORT BUDGET AND FINANCE COMMI'I-I'EE Tuesday, August 15, 1995 12:15 p.m. City Manager's Conference Room 1. ROLL CALL Call to Order at 12:20 p.m. Present: Patricia J. DeMond, Chair; Councilmember Irma Carson; Councilmember Kevin McDermott 2. APPROVAL OF JULY 10, 1995 MINUTES Approved as submitted. 3. PRESENTATIONS None 4. PUBLIC STATEMENTS None 5. DEFERRED BUSINESS None 6. NEW BUSINESS. A. REPROGRAMMING OF $100,000 IN CDBG (COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS) The Committee reviewed a list of projects proposed by staff as alternatives for the $100,000 of CDBG funding which the Council had directed to be reprogrammed at the June .28, 1995 Council meeting. The Committee asked for staff's APPROVEI).SEPTI~IBER 18, 1995 FJL[ ~0P~ AGENDA SUMMARY REPORT BUDGET AND FINANCE COMMITTEE Tuesday, August 15, 1995 Page -2- recommendation on the highest priority projects. Staff indicated that the Union Avenue #10 water main and fire hydrant upgrade was a critical project. The Committee heard testimony from community members on the need for project funding for first-floor bathroom installations at the Fox Theater to provide handicapped accessibility. The Committee also discussed the merits of funding a feasibility study on establishment of a Redevelopment Project Area in Southeast Bakersfield. The following recommendation was approved on a 2-to-1 vote: 1) $70,000 for the Union Avenue #10 water main and fire hydrant upgrade; 2) $19,000 for the Fox Theater handicapped rest room project; 3) $11,000 for design of the Terrace Way storm drain. Councilmember Carson was the dissenting vote and will file a minority committee report. 7. DISCUSSION A. REDEVELOPMENT PROJECT AREA FOR SOUTHEAST BAKERSFIELD Councilmember Carson requested that the Committee consider recommending funding for a feasibility study on establishing a Redevelopment Project Area in Southeast Bakersfield. It was stated that $25,000 in private sector financing had been secured for the study and that the City should provide a matching contribution in the same amount for this effort. The other Committee Members expressed some hesitation in funding yet anther study of redevelopment potential in Southeast Bakersfield. Staff presented information regarding the steps associated with forming of a Redevelopment Area. Staff indicated that conversion of the area's Incentive Zone to an Enterprise Zone , would be the most effective tool in redeveloping Southeast Bakersfield because it would aid in attraction of industry and job development. A brief comparison of the Incentive Zone benefits versus Enterprise Zone benefits was given by staff. The additional incentives associated with Enterprise Zones are critical to making the Southeast competitive with other areas in Kern County. The Committee unanimously directed staff to draft a resolution of support for such an effort and to work on lobbying the State Legislature on this issue. Staff was further directed to place this as an agenda item for the next Community Advisory Commission meeting and bring the matter forward for Council action. 8. ADJOURNMENT The meeting was adjourned at 1:30 p.m. cc: Honorable Mayor and City Council DBT:jp