HomeMy WebLinkAbout10/21/1996 BAKERSFIELD
Kevin McDermott
AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, October 21, 1996
12:15 p.m.
City Manager's Conference Room
1. ROLL CALL
Call to Order at 12:24 p.m.
Present: Councilmembers: Patricia J. DeMond, Chair; Irma Carson; and
Kevin McDermott
2. APPROVAL OF THE SEPTEMBER 16, 1996 MINUTES
Approved as submitted.
3. PRESENTATIONS
None
4. PUBLIC STATEMENTS
None
5. DEFERRED BUSINESS
None
APPROVED AS SUB14ITTED NOVEI4BER 18, 1996
FILE C P¥
AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, October 21, 1996
Page -2-
6. NEW BUSINESS
A. REQUESTS FOR ECONOMIC DEVELOPMENT ASSISTANCE FROM
SOUTHWEST CONTRACTORS, INC. AND HAMMONS MEAT SALES, INC.
Staff presented information to the Committee on the requests made by two
businesses for incentive funds. Hammons is currently located in the incentive area
and is requesting funds for a business expansion. Southwest Contractors has
recently relocated to the incentive area from the County and is requesting funds for
relocation and expansion of the business at their new location. The project
evaluations for each were distributed and are attached. Both companies have
requested forgivable loans to purchase land, facilities and/or equipment. The
Committee discussed the merits of a forgivable loan as an economic development
incentive versus other types of incentives such as Iow- and no-interest loans.
There was a consensus among members that the City had to be fair and consistent
in granting incentives and encourage business retention/expansion just as
aggressively as business attraction. The Committee directed staff to reassess each
company's ability to contribute a percentage of their own capital to the request, as
well as review the terms of the City's assistance. Staff will bring this information
back at the next meeting on November 18.
B. STRESS DISABILITY CLAIMS
Staff indicated that all management disability retirements taken in the last three
years had occurred under the old 10 percent disability guidelines. New guidelines
require that an employee prove that 51 percent of his/her stress is job related. Staff
was asked if there were any way to limit the ability of management employees to
receive stress disability retirements. The City Attorney indicated that this was
governed by State Law and benefits and eligibility for benefits could not be limited
by the City.
7. ADJOURNMENT
The meeting was adjourned at 1:20 p.m.
cc: Honorable Mayor and City Council
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