1995 ADJ MIN FEB 28 - Laserfiche WebLink

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case scenario, the City would have to cut an additional $8.0 million or the equivalent of 232 positions today if the loan is not approved. He said that everyday he and staff look at impact on revenue, revenue coming in, and ongoing revenue. On March 21, he promised to come back with smaller/greater expenditures as well as revenues. Councilmember Sanders inquired about the long term effect of recent lay- offs and buy-outs. Financial Services Manager Roger Cloud said it was difficult to answer because the bumping is in progress and we do not know who is out the door. Manager Cloud agreed to return to Council, within two weeks, with figures regarding the layoff, taking into consideration the employee, the service term and leave accumulated. There was discussion on the loan. Electric Utility Director Clarke said $2.3 million would be obtained from the City's deposit with a Power Agency. The money, he explained, was on deposit to secure power. Director Clarke said he had asked for $2.3 million and would loan $2.1 to the City, within 60-90 days before the close of the fiscal year. Mayor Fulp said he concurred and was in agreement with Councilmembers Sandoval and Bennett regarding the impact of personnel. He proposed an amendment to the motion to include that the Finance Committee work with City Manager and Staff, to ensure the impact on personnel is considered. Councilmember Sandoval offered to amend his motion to include the proceeds from the sale of Rancho Mediterranea be earmarked to satisfy the debt service loan from the Electric Utility. City Attorney Biggs indicated that in her discussion with Agency Counsel Sabo that he said this money could be given to the General Fund. Councilmember Beltran said he concurred with Councilmember Sandoval; however, he insisted that the proceeds from the Rancho Mediterranea sale be held in a trust fund and not go to the General Fund. Councilmember Sandoval withdrew his proposed addition to the main motion. Mayor Fulp restated the motion by Councilmember Sandoval to delete reductions of $225,558 to the General Fund and $59,200 to the enterprise accounts, to prevent further layoffs; plus, authorize staff to obtain $2,100,000 in the form of a loan from the Electric Utility. Ms. Rita Coronado, 22503 Cobble Creek Drive, Moreno Valley, said she had invested ten years in the community, having worked with the youth. She thanked Councilmember Bennett for her support of youth programs; Councilmember Beltran for assistance with Graffiti and Mayor Fulp for his assistance which allowed a student to attend an important conference in Tucson, Arizona. Ms. Jean Hart, 952 East Palm Drive, said she had lived in Colton for 45 years. She shared her recent need for paramedic services and spoke in favor of it. Mr. Ray Rodriquez, 982 Cherry St., described the lay-offs, which included him, as having hit hard and swift. He spoke about the programs 3 FEB 2 G '995