HomeMy WebLinkAbout03/11/1996 B A K E R S F I E L D
,~:~ Patricia J. DeMond, Chair
~d'an Tandy, City Manager Irma Carson
.~Staff: Dolores Teubner Kevin McDermott
AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, March 11, 1996
12:15 p.m.
City Manager's Conference Room
1. ROLL CALL
Call to Order at 12:25 p.m.
Present: Councilmembers Patricia J. DeMond, Chair; Irma Carson and Kevin
McDermott
2. APPROVAL OF THE FEBRUARY 5, 1996 MINUTES
Approved as submitted.
3. PRESENTATIONS
None
4. PUBLIC STATEMENTS
None
5. DEFERRED BUSINESS
A. VALLEY COMMUNITIES WATER PROJECT
Staff`presented the compromise plan to the Committee which allows for reimbursement of
the requested funds to VCI while still providing for funding to protect the City against any
APPROVED AS SUBI. fITTED APRIL 8, 1996
F LE .F.,
AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, March 11, 1996
Page -2-
possible future compliance mandates from the State. A representative of VCI was present
at the meeting and concurred that the revised agreement was satisfactory to them. The
Committee voted unanimously to recommend the revised agreement between the City and
VCI.
B. INDUSTRIAL DEVELOPMENT BONDS POLICY
Staff presented a draft policy to the Committee on offerings and issuance of Industrial
Development Bonds (IDB's) by the City. The Committee asked that the policy include a
minimum financing amount in order for a project to be eligible for IDB's. In addition, the
Committee asked that the terms and conditions included in the policy be rearranged so that
the General Fund is not at risk, that the project be self-supporting and have at least a BBB
rating. Finally it was proposed that the IDB Policy refer to the City's Master Fee Schedule
for setting. The fee is proposed to be $10,000 which will be collected up front and will be
non-refundable plus 2/10 of 1% of the bond principal to be collected once bonds are issued.
Staff was directed to make the specified changes and proceed with putting this item on the
March 20 Council meeting.
6. NEW BUSINESS
A. ESTABLISHMENT OF CITY LOCAL ENFORCEMENT
AGENCY
The City Attorney began the presentation by clarifying that the issue in question was whether
or not the City would discontinue use of the County as the LEA and not the Panorama landfill
litigation. Public Works staffthen proceeded to lay out the options the City has which are
to stay with the County, discontinue use of the County LEA and work directly with the State
or form a City LEA. Staffindicated that dealing with the County LEA had caused significant
delay in proceeding with the cleanup and closure of the landfill because the County, as a
middleman, is not responding to the City quickly. Further, since the State is the main
regulatory body, the County is only adding another layer of bureaucracy. In addition, staff
indicated that by going directly to the State, the City might qualify for an expedited
remediation program which would speed up the plan review process significantly. Several
Panorama residents were present and indicated their concerns with how slowly the
remediation process seemed to be going. Residents further stated that the perception was
that if the County is no longer the LEA, that the residents on Panorama would have no
representation in the matter. The Committee indicated, however, that since the LEA is an
independent regulatory agency that elected representation has no impact on the process.
The Committee directed staff to research the cost differentials between the County and State
LEA options and what the County's delays have cost the City. Staffwas asked to find out
AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, March 11, 1996
Page -3-
the itemized cost for the service provided by the County. Also, staffwas asked to check with
other cities that had independent LEA's about what their reasons had been for the move away
from their respective Counties. The Committee took no action and directed staffto address
all of the issues raised and bring this issue back to the April 8 Budget and Finance meeting.
7. ADJOURNMENT
The meeting was adjourned at 1:18 p.m.
cc: Honorable Mayor and City Council