HomeMy WebLinkAbout01/05/1998 B A K E R S F I E L D~ -
Randy Rowles, Chair
Irma Carson
Staff: Darnell Haynes// Kevin McDermott
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AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, January 5, 1998
12:15 p.m.
City Manager's Conference Room
1. ROLL CALL
Call to Order at 12:20 p.m.
Present: Councilmembers Randy Rowles, Chair; Irma Carson; and
Kevin McDermott
2.APPROVAL OF DECEMBER 8, 1997 MEETING MINUTES
Approved as submitted.
3.PRESENTATIONS
None
4.PUBLIC STATEMENTS
None
6. NEW BUSINESS
A. BAKERSFIELD SIGN
(The Committee moved item 6(A) under new business, the Bakersfield Sign issue,
ahead of all items on the agenda.) The Public Works Director gave a brief presentation
on an engineering study which indicated it would cost approximately $90,000 to
seismically retrofit and restore the bridge structure. Complete removal of the bridge
would cost approximately $31,000.
A representative of the nonprofit Bakersfield Save Our Sign Foundation requested the
City give consideration to taking the lead in fund-raising efforts to restore the bridge.
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AGENDA SUMMARY REPORT
BUDGET AND FINANCE COMMITTEE
Monday, January 5, 1998
Page -2-
The Committee recommended a $10,000 contribution from CDBG funds to the nonprofit
foundation be earmarked for this project in the fiscal year 1998-99 budget, contingent
upon the nonprofit foundation raising the remaining funds necessary to restore the
bridge. The Committee felt a $10,000 City contribution would assist the foundation as
the lead agency in its fund-raising efforts for this project.
5. DEFERRED BUSINESS
A. COST RECOVERY SYSTEM
This item was deferred until the next Committee meeting.
B. ESTABLISHMENT OF NEW REDEVELOPMENT AREAS
For the January 5, 1998 Budget and Finance Committee meeting, the Committee met
with the CDDA Ad Hoc Committee to receive input on this issue as well as review the
guiding principles of the CDDA. The Budget and Finance Committee clarified that
establishing new redevelopment areas is not an economic "quick fix" for the proposed
areas. The Committee indicated it could take as long as ten years before evidence of
economic revitalization would take place in the proposed redevelopment areas.
There was some discussion regarding the timeline for implementation of the proposed
redevelopment areas, obtaining a redevelopment consultant to assist staff with the
project and CDDA involvement throughout this process. The Committee Chairman
indicated a desire to meet regularly with the CDDA Ad Hoc Committee throughout this
process. The Economic Development Director indicated it would take approximately
14 months to get the proposed redevelopment areas and tax increment information in
place to move forward.
For the February 2, 1998 Committee meeting, staff was directed to prepare an
implementation proposal and timelines for moving this process forward. Once the
requested information is provided, the Committee will make a recommendation to the
full Council.
7. ADJOURNMENT
The meeting was adjourned at 1:23 p.m.
cc: Honorable Mayor and City Council
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