1998 ADJ JT MIN FEB 21 - Laserfiche WebLink

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Economic Development Trends; Baseline Financial Assessment, review of each project area's Strategy and Action Plan; Housing Programs and the Agency's Administration. As part of the discussion on the West Valley Redevelopment Project Area, inquiry was made on future plans, such as a mausoleum, for the City's Cemetery and any business interest plan, such as a mortuary, for the undeveloped property, to help transform the Cemetery into a viable enterprise. On the Santa Ana River Project Area and the Cooley Ranch Project Area, discussion had regarding the debt limit of one and plan limit of the other and the cross -collateralization plan, via bond refunding and project restructuring, to be submitted for Agency and City Council action in the near future. RECESS: At 11:19 A. M., recess declared and at 11:41 A. M., meeting reconvened with all Members present except for CM/Member Chastain, who was absent. Redevelopment Strategy Workshop (Continued) Economic Development Director Steel continued with his presentation. RECESS: At 12:18 P. M., lunch break was declared and at 1:15 P. M., the meeting reconvened with CM/Member Kelly and CM/Member Grimsby absent. CM/Member Grimsby was present at 1:30 P. M. STAFF REPORTS: (Continued) CITY MANAGER'S REPORTS AND RECOMMENDATIONS: Mi -Year Budget Review Finance Director Anna Vega presented on the following: Budget Overview; Budget Timeline; Revenue Comparisons, FY1996-97 and FY1997-98; the Utility Users Tax; Staffing; Cash Balance; and Projections for General Fund, specifically, Revenues, Expenditures, and the Shortfall. On the subject of Personnel, there was a request for specific information and it was agreed that a list would be prepared identifying all of the positions to be found in each department with an indication on whether or not the positions are filled or vacant. JointMtg022198 2