HomeMy WebLinkAbout2008-04-22; Housing & Redevelopment Commission; 406; Presentation by Village Improvement PartnershipHOUSING AND REDEVELOPMENT COMMISSION - AGENDA BILL
406AB#
MTG. 04-22-08
DEPT.CM
Receive Presentation by Carlsbad
Village Improvement Partnership
DEPT. HEAD
CITY ATTY.
CITY MGR.
RECOMMENDED ACTION:
Receive a presentation from the Carlsbad Village Improvement Partnership (CVIP) on this new
organization, its business Plan, and its request for funding.
ITEM EXPLANATION:
In January/February of 2007, a Business Development & Marketing Strategy was completed for
the Village Area. Public workshops to roll out the new strategy were held in March, 2007. A
working group of village business owners, property owners, business organizations, and other
interested parties then met from the end of May through August, 2007 to set forth an initial set
of plans for a new organization to be tasked with umbrella coordination for implementation of
the Business Development and Marketing Strategy. This new, neutral non-profit organization
will serve as a coordinating base for business revitalization efforts in the area. This umbrella
organization is anticipated to build upon and capture the strengths of the community and all of
its associated interests, without the duplication of any current work. There will be many
different organizations and committees performing tasks to assist with Village revitalization, and
this new organization will assist in the effort to oversee and coordinate those tasks in a
partnership approach.
The new organization has been named the Carlsbad Village Improvement Partnership, or
Carlsbad VIP. The nine (9) member Board for this new organization consists of the following:
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Mary Bressi - Village Retail Business representative
Alan Wanamaker - Village Service Business representative - CVIP Treasurer
Julie Baker- Carlsbad resident representative - CVIP President-Elect
Craig Kirk - General member representative
Frank Hutchins - Lender/investor representative
Laura Kurner - Arts & Culture representative - CVIP Secretary
Ted Owen - Chamber of Commerce representative - CVIP President
Robin Young - Carlsbad Village Business Association representative
Kurt Burkhart - Carlsbad Convention and Visitors Bureau representative.
Debbie Fountain, Housing and Redevelopment Director for the City of Carlsbad, and Lance
Schulte, Economic Development Administrator for North County Transit District, serve as non-
voting Ex-Officio Board Members for liaison purposes only.
DEPARTMENT CONTACT: Kimberly Dillinger 760-434-2959 kdill(g)ci.carlsbad.ca.us
FOR CITY CLERKS USE ONLY.
COMMISSION ACTION: APPROVED
DENIED
CONTINUED
WITHDRAWN
AMENDED
D
D
D
D
D
CONTINUED TO DATE SPECIFIC D
CONTINUED TO DATE UNKNOWN D
RETURNED TO STAFF D
OTHER - SEE MINUTES D
Council received tbe presentation.
(See Minutes for details.)
Page 2
The new Board of the Carlsbad VIP has been meeting since November, 2007 to further develop
its Business Plan, Organizational Plan and Operations Budget. The Carlsbad VIP requests an
opportunity to make a presentation to the Housing and Redevelopment Commission to share its
vision for the organization and to request funding from the Redevelopment Agency for its
operation.
FISCAL IMPACT:
N/A
ENVIRONMENTAL IMPACT:
N/A
EXHIBITS:
1. Letter from Frank Hutchins, CVIP President requesting to present at Council Meeting
Dated April 3, 2008.
EXHIBIT
April 3, 2008
Lisa Hildabrand, Interim City Manager
City of Carlsbad
1200 Carlsbad Village Drive
Carlsbad, CA 92008
Re: Carlsbad Village Improvement Partnership
Request to Address the Carlsbad City Council
Dear Ms. Hildabrand,
Please accept this letter as a request on behalf of the Carlsbad Village Improvement
Partnership to address the Carlsbad City Council. If possible, we would like to about 15
minutes during the regularly scheduled Council meeting on April 15, 2008. The
presentation would include a ten-minute executive summary PowerPoint presentation
explaining the organization's make-up and goals, narrated my myself, and five-minutes
for questions from the Council.
Our board consists of nine regular members and two Ex-officio members, all would be
happy to discuss CVIP intended actions. However, the board appreciates that the council
agenda is very busy and I will be the only presenter from our group. The remained of the
board will be in attendance in support of our group.
Thank you for your consideration of this request. Please call with any questions. I can
be reached most readily at (760) 518-7531.
Respectfully submitted,
Frank Hutchins, President
Carlsbad Village Improvement Partnership
606 Compass Court
Carlsbad, CA 92011
3
Page 1 of 1
Marilyn Strong - FW: Carlsbad Village Improvement Partnership at City Council Meeting
tonight
From: "Robin Young" <robin@shopcarlsbadvillage.org>
To: "Robin Young" <robin@shopcarlsbadvillage.org>
Date: 04/22/2008 2:27 PM
Subject: FW: Carlsbad Village Improvement Partnership at City Council Meeting tonight
Hello,
Please plan to attend the City Council meeting tonight at 6:00 pm at City Hall Council Chambers
where the Carlsbad Village Improvement Partnership will be presenting their executive summary to
the council. As a stakeholder in the Village, your presence is vital at this very important meeting.
This presentation is the culmination of over a year of planning. Please show your support for the
Village and let the City Council know you support the ongoing revitalization of the Village.
With best regards,,
AGENDA ITEM # J
Kobin Young c: Mayor
P , rv , City Councilf _xecutive Director *City Manager
Carlsbad \AOage £>usiness Association City Attorney
1?79& State Street City Clerk
Carlsbad, (^a 9 ZOOS ' ^
700-454-2.^7?
(0 /00-454-? 76 9
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General Fund Reserve General Fund Reserve GuidelinesGuidelinesApril 15, 2008April 15, 2008
General Fund ReserveGeneral Fund ReservePrudent to establish a formal policy regarding Prudent to establish a formal policy regarding General Fund ReserveGeneral Fund ReserveGovernment Finance Officers Association Government Finance Officers Association recommends maintaining a minimum of 17% or recommends maintaining a minimum of 17% or two months operating expenditurestwo months operating expendituresCredit rating agencies analyze fund balances to Credit rating agencies analyze fund balances to help evaluate creditworthinesshelp evaluate creditworthiness
General Fund ReserveGeneral Fund ReserveReasons to have a reserve:Reasons to have a reserve:Unfunded Legislative or Judicial MandatesUnfunded Legislative or Judicial MandatesEconomic Downturns or Increases in InflationEconomic Downturns or Increases in InflationReduced RevenuesReduced RevenuesFederal/State/County Budget CutsFederal/State/County Budget CutsOneOne--Time City Council Approved ExpendituresTime City Council Approved ExpendituresNatural DisastersNatural Disasters
General Fund ReserveGeneral Fund ReserveRecommendationsRecommendationsEstablish a Establish a minimumminimumreserve of 30% of General reserve of 30% of General Fund Operating ExpendituresFund Operating ExpendituresEstablish a Establish a targettargetreserve of 40 reserve of 40 ––50% of 50% of General Fund Operating Expenditures although General Fund Operating Expenditures although a larger reserve would be even bettera larger reserve would be even better
General Fund ReserveGeneral Fund ReserveUsing FY 2007Using FY 2007--08 Operating Expenditures 08 Operating Expenditures ($116.5 million)($116.5 million)Minimum Reserve (30%)Minimum Reserve (30%)$35 million$35 millionTarget Reserve (40Target Reserve (40--50%)50%)$46$46--58 million58 millionCurrent Reserve (35%)Current Reserve (35%)$41 million$41 million
General Fund Reserve PolicyGeneral Fund Reserve PolicyRequesting the City Council Adopt City Council Requesting the City Council Adopt City Council Policy 73 General Fund Reserve Guidelines Policy 73 General Fund Reserve Guidelines establishing a minimum and target reserve levelsestablishing a minimum and target reserve levels
General Fund Reserve General Fund Reserve GuidelinesGuidelinesApril 22, 2008April 22, 2008
General Fund ReserveGeneral Fund ReservePrudent to establish a formal policy regarding Prudent to establish a formal policy regarding General Fund ReserveGeneral Fund ReserveGovernment Finance Officers Association Government Finance Officers Association recommends maintaining a minimum of 17% or recommends maintaining a minimum of 17% or two months operating expenditurestwo months operating expendituresCredit rating agencies analyze fund balances to Credit rating agencies analyze fund balances to help evaluate creditworthinesshelp evaluate creditworthiness
General Fund ReserveGeneral Fund ReserveReasons to have a reserve:Reasons to have a reserve:Unfunded Legislative or Judicial MandatesUnfunded Legislative or Judicial MandatesEconomic Downturns or Increases in InflationEconomic Downturns or Increases in InflationReduced RevenuesReduced RevenuesFederal/State/County Budget CutsFederal/State/County Budget CutsOneOne--Time City Council Approved ExpendituresTime City Council Approved ExpendituresNatural DisastersNatural Disasters
General Fund ReserveGeneral Fund ReserveRecommendationsRecommendationsEstablish a Establish a targettargetreserve of 40 reserve of 40 ––50% of 50% of General Fund Operating Expenditures although General Fund Operating Expenditures although a larger reserve would be even better a larger reserve would be even better Establish a Establish a minimumminimumreserve of 30% of General reserve of 30% of General Fund Operating ExpendituresFund Operating Expenditures
General Fund ReserveGeneral Fund ReserveUsing FY 2007Using FY 2007--08 Operating Expenditures 08 Operating Expenditures ($116.5 million)($116.5 million)Minimum Reserve (30%)Minimum Reserve (30%)$35 million$35 millionTarget Reserve (40Target Reserve (40--50%)50%)$46$46--58 million58 millionCurrent Reserve (35%)Current Reserve (35%)$41 million$41 million
General Fund Reserve PolicyGeneral Fund Reserve PolicyRequesting the City Council Adopt City Council Requesting the City Council Adopt City Council Policy 73 General Fund Reserve Guidelines Policy 73 General Fund Reserve Guidelines establishing target and minimum reserve levelsestablishing target and minimum reserve levels