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HomeMy WebLinkAbout2008-11-18; City Council; Minutes (4)MINUTES JOINT MEETING OF: THE CITY OF CARLSBAD CITY COUNCIL, HOUSING AND REDEVELOPMENT COMMISSION AND MUNICIPAL WATER DISTRICT (Joint Special Meeting) DATE OF MEETING: November 18, 2008 TIME OF MEETING: 6:00 p.m. PLACE OF MEETING: City Council Chambers CALL TO ORDER: Mayor/Chair/President Lewis called the Joint Special Meeting to order at 7:28 p.m. ROLL CALL: Present: Council/Commission/Board Members Lewis, Hall, Packard and Nygaard. Absent: Kulchin. DEPARTMENTAL AND EXECUTIVE DIRECTOR REPORT: 12. AB #19.638 - ECONOMIC OVERVIEW AND ADDITIONAL APPROPRIATIONS TO THE GENERAL FUND. Deputy City Manager Jim Elliott, Assistant Finance Director Kevin Branca and Economic Development and Real Estate Manager Cynthia Haas presented the staff report and reviewed a PowerPoint Presentation (on file in the Office of the City Clerk). Ms. Haas gave an overview of the following factors that are impacting the local economy: • Increased unemployment rate • Increased industrial real estate vacancies • Decreased consumer spending Ms. Haas also explained that although Carlsbad is feeling the effects of the downturn in the economy, Carlsbad is in a much better position than surrounding communities due to the conservative decisions made by the Council/Commission/Board when developing a balanced budget each year. Mr. Branca stated that the California State Budget shortfall of $11.2 billion continues to be a source of concern for the City; however, the State can only borrow up to $4 million from the City of Carlsbad. He also stated that the City's projected sales tax revenues for the second quarter in 2008 were down 4% and that the City is anticipating that the sales tax revenues for the third quarter will be down 9%. Mr. Elliott gave a brief overview of the City's 10-Year Financial Forecast. He explained that staff is working to reduce City expenditures by $4.5 million in Fiscal Year 2009 and also formulating a plan to absorb the cost of living and inflation increases. He explained that staff will return to Council in January to present a spending plan. November 18, 2008 JOINT SPECIAL MEETING OF THE CITY OF CARLSBAD CITY COUNCIL, HOUSING AND REDEVELOPMENT COMMISSION AND MUNICIPAL WATER DISTRICT Page 2 In response to an inquiry from Council/Commission/Board Member Nygaard, Mr. Elliott stated that construction of the Police and Fire Training Center has not been postponed and is currently on schedule. In response to Mayor/Chair/President Lewis, Mr. Elliott explained how the City funds employee retirement accounts. He further explained that once an employee retires, the City no longer makes contributions to CalPers on behalf of the employee. The Council/Commission/Board expressed their appreciation for staff's presentation. ACTION: On motion by Council Member/Commission Member/Board Member Hall, the Council/Commission/Board adopted the following: The Council adopted RESOLUTION NO. 2008-307. authorizing additional appropriations of various funds to the General Fund for General Fund services provided; and, The Commission adopted RESOLUTION NO. 460. authorizing the appropriation of funds from the Carlsbad Redevelopment Agency for payment to the Education Revenue Augmentation Fund as required by the State of California Budget Act of 2008; and, to consider authorizing the appropriation from redevelopment funds to the General Fund for General Fund services provided; and, The Board adopted RESOLUTION NO.1344. authorizing the appropriation Funds from the Water Operations Fund and Recycled Water Operations Fund to the General Fund for General Fund services provided. AYES: Lewis, Hall, Packard and Nygaard. NOES: None. ABSENT: Kulchin. ADJOURNMENT: By proper motion, the Joint Special Meeting of November 18, 2008 was adjourned at 8:28 p.m. ±££7<fcVt£ LORRAINE M.'WOOD, CMC City Clerk/Secretary Sheila R. Cobian Deputy City Clerk