2012-06-05 Special Council Meeting Minutes

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position of electric utility system designer will be funded. Both classifications currently exist. This change will reallocate funding from one to the other. e. In the 2013-14 CIP budget, crosswalk safety improvements will be addressed, especially near schools. Funds are not currently available in the CIP as the 2012-13 budget includes the third, and final, Colton Crossing allocation of $1.8 million. f. In July 2012, as part of the annual assessment approval process, staff will bring forward a comprehensive report on the LLMD's and seek direction going forward. g. Prior to December 31, 2012, the City Manager and Management Services Director will prepare a plan that addresses alternatives for reducing the GFT in future years. h. Acceptance of an advance lease payment of $5,991,938 from the Wastewater (sewer) Utility to fund the following: • Senior Housing on the Colton Palms site $2,500,000 • Regional park development/property acquisition $300,000 • Cash flow deficit in the Water Utility net of perchlorate settlement $1,000,000 • Historical fund balance deficit in CDBG $561,232 • Historical fund balance deficit in Misc. Grants $1,309,650 • Historical fund balance deficit in CIP funds $321,056 If approved, the remaining fund balance reserve projected in the Wastewater Utility is $1,829,724, or approximately 20%. 2. A City Council resolution to adopt the annual Gann Limit as required by Article XIII -B to the State Constitution. 3. An ordinance amendment to set the GFT cap at 12.39%. 4. A new ordinance for the proposed rental inspection program. 5. A Colton Utility Authority resolution adopting the budget and authorizing an advance lease payment of $5,991,938 from the Wastewater Utility to the City. CITY COUNCIL DISCUSSION ITEMS None. CITY MANAGER'S REPORTS None. ADJOURNMENT At 10:18 p.m., Mayor Zamora adjourned the special meeting. e Eileen C. Gomez, CMC City Clerk 2012 .IDNE 5 SPEC CC/SARDA/CUA/CPFA/CHA MEETING