HomeMy WebLinkAbout2015-01-27 FEDTCITY OF SANTA ANA
CITY COUNCIL COMMITTEE ON
FINANCE, ECONOMIC DEVELOPMENT, & TECHNOLOGY
SPECIAL MEETING MINUTES
JANUARY 27, 2015
CALL TO ORDER: City Hall
20 Civic Center Plaza, Room 1600
Santa Ana, CA
12:10 p.m.
ATTENDANCE: Council Committee members:
Michele Martinez, Chairperson
Vincent Sarmiento, Committee Member
MEMBERS ABSENT:
STAFF PRESENT:
GUESTS PRESENT:
PUBLIC COMMENTS - None
AGENDA ITEMS
David Benavides, Vice - Chairperson
Francisco Gutierrez, FMSA
Sergio Vidal, FMSA
Teresa Ramirez, FMSA
Waldo Barela, FMSA
Alvaro Castellon, FMSA
Sandra Simon, FMSA
Sidney Stone, CDA
Marc Morley, CDA
None
David Cavazos, City Manager
Robert Cortez, CMO
Kelly Reenders, CDA
Leigh Eisen, CDA
Alma Flores, CMO
Vince Fregoso, PBA
Matt Foulkes
Carlos Rojas, PD
1. Approval of Minutes from the Regular Meeting of January 12, 2015.
MOTION: Sarmiento SECOND: Martinez
VOTE: AYES: Martinez, Sarmiento (2)
NOES: None (0)
ABSENT: Benavides (1)
January 27, 2015 (Special) I Finance, Economic Development, & Technology Minutes
(Item 3 was taken out of order.)
3. Report on Inclusionary Housing Fund Application {Strategic Plan 5, 3.b) —
(CDA)
City Manager, David Cavazos, reviewed Inclusionary Housing Fund Application
versus the application process. Additional time may be needed to get the word out
and additional information for funding. Kelly Reenders, Executive Director of
Community Development Agency, provided letter from AMCAL requesting financing
commitment and presenting this request to City Council in March 2015. Kelly also
agrees that additional time may be needed.
Council committee members feel this is a good direction for the future. State we
need to be consistent. Applicants should be reviewed for history and track record.
Address to committee incentives if any. Would like to be kept informed on funds;
cap, balance available, when depleted. Next step.
2. Downtown Banner Program (Strategic Plan 3, 4.a) — (CDA)
Leigh Eisen, Downtown Development Liaison, CDA, provided PowerPoint
presentation on recommendation for city to design and install 100+ colorful banners
on its lampposts in the Downtown district. These would be simple with a compelling
look for visual identity. Recommended firm for design and print services was
selected through RFP process: Akins Parker submitted a bid for $18,000 and this
amount has been included in fiscal budget.
Councilmembers inquiring on how often banners will change and who will be
making decision on banners. Banners should be in the best interest of the City or
approved events (i.e. honoring veterans). Who will make determination on banners
for promoting special events? They should also be sensitive to groups downtown;
possibly bi- lingual; one side in English, one side in Spanish. Next steps; move
forward.
4. FY 14 -15 Second Quarter Actuals of General Fund revenues and expenditures
(FIVISA)
City Manager, David Cavazos, reviewed power point and 2nd Quarter Newsletter
showing conservative budget. Revenues are up and expenditures are down.
Forecast of 20% reserve is fully funded, financial position is excellent and a council
request to adopt a one -year forecast is being submitted to full council.
Committee chair, Michele Martinez, inquired on breakdown of unfunded positions.
For positions not filled, are funds spent elsewhere? City council may have other
January 27, 2015 (Special) I Finance, Economic Development, & Technology Minutes
priorities for excess funds. City manager, David Cavazos stated funds are tracked
by departments and are included in their budgets.
Councilmember Vince Sarmiento compares Management Partners' forecast as blah
versus the new forecast as rosy. Would like to see forecast not too conservative;
more reality. May need a rating review. City Manager stated cost of credit rating
review is expensive. Previous forecast from Management Partners reflected city
Fire Department to Orange County Fire Authority (OCFA) and other assumptions
that have changed.
5. Unfunded Pension Liabilities and Other Post Employment Benefits (OPEB)
Discussion (CMO)
We are currently under a five year rate smoothing rule of 8.5% set by CalPERS.
The City has met 100% of its actuarial requirements. Retirement health plans are
being implemented to help reduce OPEB liability. Recommend establishing an
Employee Stabilization Rate Reserve Fund to protect against future rate volatility.
6. Development Services Counter Electronic Queuing System — Progress Update
(PBA)a
Matt Foulkes, Senior Management Analyst, PBA provided brief description of
Electronic Queuing System. Currently reviewing RFP's and anticipates taking
recommendation to City Council in March.
7, Prop 1A — Gas Tax Update (FMSA)
City has not received its allocation and is still awaiting figures to the complicated
formula.
COMMITTEE MEMBER COMMENTS -None
STAFF MEMBER COMMENTS -None
Adjournment— 1:27 p.m.
Teresa mirez, C/� -OM
Recordi ig Secre ry, CD
January 27, 2015 (Special) I Finance, Economic Development, & Technology Minutes