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Staff Presentation <br />Anita Agramonte, Finance Director began the session with the assistance of a PowerPoint slide <br />presentation (7 slides) which included the following: <br />Items for Discussion/Analysis: <br />• Historical Recap - Contributing Factors <br />• Historical Recap - City's Response to Declining Revenues <br />■ General Fund Projections <br />■ Where do we go from Here! <br />• Legal Requirements for June Election <br />Council Discussion <br />Discussion, dialogue, and discernment between Councilmember's with clarification provided by <br />staff: City Manager Smith, Finance Director Agramonte, and City Attorney Campos. <br />Motion and Second by CM Navarro/CM Bennett to approve and adopt Resolution Nos. R-14-16, <br />R-15-16, and R-16-16; with the following stipulation(s): (a) Resolution and Ordinance <br />Documents include language the General Fund Transfer to a maximum of 20% of Electric <br />System Gross Revenues; (b) Ballot language with `sunset' provision; (c) Resolution and <br />Ordinance Documents reference the Colton Municipal Code related to flow of gross revenues <br />(Section 3.44.030(iii)(i) of Chapter 3.44 of Title 3); (d) establish a committee with public involvement <br />(Budget Oversight Committee and incorporating the GFT); <br />Final Ballot Language: <br />"To add approximately $4,800,000 in funding annually for general city services such as police, <br />fire, paramedics, parks, libraries and senior services while stabilizing electric utility rates; shall <br />an ordinance be adopted authorizing a transfer not to exceed 20% of annual electric utility <br />revenues to the City's General Fund reverting back to 12.39% on June 30, 2021, and establishing <br />a freeze on electric utility rates for 5 years, except in cases of financial emergency?" <br />Vote: Unanimous vote <br />Motion and Second by CM Toro/CM Gonzalez to authorize CM Toro, MPT Suchil, and Mayor <br />DeLaRosa to file a written argument in favor of the City measure in accordance with Article 4, <br />Chapter 3, Division 9 of the elections Code of the State of California. <br />Vote: Unanimous vote. <br />ADJOURNMENT <br />At 9:31 p.m. Mayor DeLaRosa adjourned the Special Council Meeting. <br />WE <br />Carolina R. Padilla <br />City Clerk <br />2016 FEQRUARY 22 CC/SARDA/CUA/CPFA/CHA SPECIAL MEETING -2- <br />