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HomeMy WebLinkAbout02/02/1998 BAKERSFIELD Randy Rowles, Chair Ala~Tandy, C~ Ma~'~/ger Irma Carson Staff: Darnell Hayne/ Kevin McDermott / AGENDA SUMMARY REPORT BUDGET AND FINANCE COMMITTEE Monday, February 2, 1998 12:15 p.m. City Manager's Conference Room 1. ROLL CALL Call to Order at 12:30 p.m. Present: Councilmembers Randy Rowles, Chair (arrived at 12:40 p.m.); Irma Carson; and Kevin McDermott 2. APPROVAL OF JANUARY 5, 1998 MEETING MINUTES Approved as submitted. 3. PRESENTATIONS None 4. PUBLIC STATEMENTS None 5. DEFERRED BUSINESS A. ESTABLISHMENT OF NEW REDEVELOPMENT AREAS Staff presented the Committee a conceptual time line outlining the major milestones involved in the redevelopment project area adoption. In addition, staff reviewed with the Committee payback and break-even analysis which assumed one and two percent growth rates occurring within the redevelopment areas. In order to pay off the cost of establishing and operating the redevelopment areas over a period of 40 years, the Committee stressed that there must be a minimum of one half of one percent growth occurring. If no growth occurs, no projects will be proposed. In addition, state policy requires the City to set aside or target 20 APPR0VED AS SUBt~TTED NARC. 23, 1998 .' : ,.~ ~. . ~ ~ '~ AGENDA SUMMARY Ri~PORT BUDGET AND FINANCE COMMITTEE Monday, February 2, 1998 Page -2- percent of redevelopment tax increment from the proposed new areas. Currently $1,000,000 of housing set aside is available in the existing redevelopment area for Iow- to moderate-income housing. The Committee directed staff to prepare an information package and administrative report including the conceptual time line, 40 year break-even analysis, graphs and payoff analysis for Council consideration at the February 11, 1998 meeting. B. COST RECOVERY SYSTEM Staff presented a proposal to streamline the cost recovery system to simplify the formula for fee calculation and to make it more understandable for both the City Council and the public. The proposed changes to the cost recovery system do not significantly increase or decrease revenues; however, they do result in significantly less time spent by staff to prepare and review fees. The Budget and Finance Committee considered the proposal and unanimously recommended it be forwarded to the full Council for consideration. 6. NEW BUSINESS A. DISCUSSION OF BID APPEAL PROCESS Staff presented to the Committee a series of concerns regarding the Alternative Dispute Resolution Committee (ADRC) process. Based on recent experience, staff felt the process consumed far too much City staff time, there were concerns regarding the ADRC composition, legal issues regarding California contract law definitions versus City of Bakersfield Charter definitions, and the appeal process in general. The goal of staff is to revise the ADRC Ordinance so that it is fair, equitable and practical for all parties involved. The Committee suggested that staff review the contract safeguards in place in the City's capital improvement program to determine if any could be incorporated into the annual contract process. The Committee directed staff to further refine and research their concerns and bring this issue back to the next Budget and Finance Committee meeting for additional discussion. 7. ADJOURNMENT The meeting was adjourned at 1:35 p.m. cc: Honorable Mayor and City Council DWH:jp