2001 CC ADJ JT W/UTILITIES COMMISSION MIN Mar 06

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COLTON CITY COUNCIL ADJOURNED REGULAR MEETING JOINED WITH THE UTILITIES COMMISSION MARCH 06, 2001 In accordance with notice duly and legally given, an Adjourned Regular Meeting of the City Council of the City of Colton joined with the Utilities Commission was held on the above given date at 6:07 p.m., in the Council Chambers of City Hall, Mayor Bennett presiding. CITY COUNCIL ROLL CALL Councilmembers present were Sanders, Chastain, Ramos, Zamora, De La Rosa, and Mayor Bennett. Also present were City Manager Garcia, City Attorney Carvalho, and City Clerk Barrera. UTILITY COMMISSION ROLL CALL Commissioners present Morua, Wright, Archueleta, Perez, Carlstrom, Bryant, and Chair person Jackson. Also present were Utility staff Director Clarke. PUBLIC COMMENT: The following citizens addressed the City Council and Utility Commissioners: Jimmy Babacos ACTION ITEM: Financial Condition and Cash balance of the Electric Utility Finance Director Al Holliman presented to the Utility Commission for consideration and approval staff recommendation to approve a loan of $3 million, at 6% annual interest, from the City's Water Fund to the Electric Utility Fund to be repaid, in full, by June 30, 2001, unless formally extended by the City Council and amend the ordinance which prohibits interfund loans. Also direct staff to suspend formal bidding procedures as a result of an emergency and obtain quotes for a management audit of Electric Utility, and increase the Electric Utility appropriation by $75,000 in account no. 520-8000-8001-2350. Utility Director Tom Clarke reviewed with the Utility Commission what was present to Council and described, via power point presentation, necessary power cost adjustments, methods of calculation, residential bill comparison, electric rate comparison, Colton Electric Capacity FY01/02. Discussion followed by Council and Utility Commissioners with responses from staff. PUBLIC COMMENT: The following citizens addressed the City Council and Utility Commissioners: Ann `"�' Kolman, John Mitchell, William Yahn, James Curtis, Gwen Brown, and Frank Gonzales.