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HomeMy WebLinkAbout2009-01-27; City Council; Minutes (3)MINUTES JOINT MEETING OF: THE CITY OF CARLSBAD CITY COUNCIL, MUNICIPAL WATER DISTRICT AND HOUSING AND REDEVELOPMENT COMMISSION (Joint Special Meeting) DATE OF MEETING: January 27, 2009 TIME OF MEETING: 6:00 p.m. PLACE OF MEETING: City Council Chambers CALL TO ORDER: Mayor/President/Chair Lewis called the Joint Special Meeting to order at 6:33 p.m. ROLL CALL: Present: Council/Board/Commission Members Lewis, Kulchin, Hall, Packard and Blackburn. Absent: None. DEPARTMENTAL AND EXECUTIVE DIRECTOR REPORT: 7. AB #19.703 - PRESENTATION OF ECONOMIC OVERVIEW. Finance Director Lisa Irvine 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. Irvine stated that development related revenues have decreased approximately 44% and that there has also been a decrease in the yield on the Treasurer's portfolio. She further explained that staff is projecting that the General Fund Revenue will be down approximately $4.6 million by the end of the fiscal year. Ms. Irvine stated that staff is proposing the following expenditure reductions for the General Fund for Fiscal Year 2008-09 to help offset the impacts of the current economic conditions: • Reduce maintenance in parks, parkways, fields, facilities, streets and streetlights • Reduce travel and training expenditures • Reduce potential management pay • Small reductions for Police and Fire • Implement a managed hiring freeze • Transfer $1 million from Council contingency to General Fund In conclusion, Ms. Irvine explained that the proposed general fund operating budget expenditure reductions will result in approximately $5.3 million in General Fund savings. January 27, 2009 JOINT SPECIAL MEETING OF THE CITY OF CARLSBAD CITY COUNCIL, MUNICIPAL WATER DISTRICT AND HOUSING AND REDEVELOPMENT COMMISSION Page 2 ACTION: On motion by Council Member/Board Member/Commission Member Kulchin, the Council/Board/Commission adopted the following: The Council adopted RESOLUTION NO. 2009-019. approving Operating Budget reductions for Fiscal Year 2008-09 for the City of Carlsbad; and, The Board adopted RESOLUTION NO. 1347. approving Operating Budget reductions for Fiscal Year 2008-09; and, The Commission adopted RESOLUTION NO.463. approving Operating Budget reductions for Fiscal Year 2008-09. AYES: Lewis, Kulchin, Hall, Packard and Blackburn. NOES: None. ABSENT: None. ADJOURNMENT: By proper motion, the Joint Special Meeting of January 27, 2009 was adjourned at 7:09 p.m. LORRAINE M. WOOD, CMC City Clerk/Secretary Sheila R. Cobian Deputy City Clerk