2002 CC/RDA/CUA REG MTNG MIN Nov 19

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(13A) Grant — Approved and adopted a Resolution to apply for a $75,000 grant from the State Water Resources Control Board, RESOLUTION NO. R135-02. CITY TREASURER'S REPORTS: (14) Receive and File City Treasurer's Report for May 31, 2002. City Treasurer Mike Williams presented for consideration and approval, to receive and file the City Treasurer's Report for May 31, 2002. CM Chastain asked how the decreasing interest rate is affecting the City's investments. City Treasurer Williams responded that it is not affecting the City's investments, it is only affecting the City's revenue. CM Mitchell asked if it is in the City's best interest to re -due the CFD and Bond areas. City Treasurer Williams responded that he does what he can on the investment side with the money that we have, but instead of focusing on the investment, the focus when interest rates are low should be managing debt to lock in the low rates. Motion/second by CM Hemandez/CM Ramos to receive and file the City Treasurers Report for May 31, 2002. Unanimous vote. STAFF REPORTS: CITY MANAGER'S REPORTS AND RECOMMENDATIONS: (15) Approve and Adopt a Resolution Adopting a Kiosk Directional Sign Program. RESOLUTION NO. R-134-02. City Manager Parrish presented for consideration and approval of staffs recommendation, an overview of Resolution No. R-134-02 PUBLIC COMMENT: The following citizens addressed the Council: Lee Deieding, Frank De Gelas, Jeff Ashton, Ed Hoke, Dick Torres, Dave Altman and Bob Barouti. Following discussion by staff, City Attorney Derleth suggested that the wording of Resolution No. R-134-02, be changed to read, "may maintain one panel equivalent in size to two (2) panels." Mayor Bennett announced that the BIA be a separate issueand should be something that City Manager Parrish sits down and talks to the BIA because there is another Ordinance that needs to be addressed. Due to the fact that the City has been utilizing the BIA, CM Chastain suggested that the City continue with the BIA and that this be part of the motion. CM Hernandez stated that he was in agreement with the motion to making BIA the vendor in approving this program. 5 2002 November 19 WIRDAICUA/SCHA Mg. Mins.