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CC MINS 19871201 ADJADJOURNED REGULAR MEETING RANCHO PALOS VERDES CITY COUNCIL December 1, 1987 The meeting was called to order at 6:14 P.M. by Mayor Hughes, at Fred Hesse Park, notice having been given with affidavit thereto on file. Present: RYAN, BACHARACH, McTAGGART, HINCHLIFFE and MAYOR HUGHES Also present were City Manager Dennis McDuffie, Finance Director Kevin Smith, City Clerk Jo Purcell, Public Works Director George Wentz, Environmental Services Director Robert Benard, and City Attorney Steve Dorsey, Financial Advisory Committee on Taxation Recommendation - Finance Director Smith presented the memorandum from the F.A.C.T. Committee and their recommendations to prepare for an election in June 1988 by: a) appointing a Sub - Committee of the City Council to meet with F.A.C.T. at their next meeting - December 7, 1987; b) formally request the City Council to direct the City Attorney to sub- mit sample ballots based on the F.A.C.T. recommendations to the City Council; and c) request the Finance Department to prepare a five year budget projection for all expenses and revenues. He then presented the staff alternatives: 1. Continue the Utility Tax at the current level. 2. Continue the Utility Tax at the current level and tax or charge undeveloped land at an equal rate. 3. Have a Parcel Tax election at a rate equivalent to the utility tax at either a 5% or 9% level. 4. Do nothing and have the current Utility Tax end in November, 1988. Staff and Council discussed whether there should be a tax election, the revenues received from future development, and the effects on the City's finances without the utility or parcel. If no additional tax was implemented, it was felt that there would be a two year gap in the CIP. The discussion next centered on the updating of the infrastructure study which it was estimated, would-cost approximately $19,000. This update would provide additional information on the condition of the infrastructure and aid in establishing CIP priorities. The next items of concern were: the number of miles of preventative maintenance done annually, how the improvements along Palos Verdes Drive South would be paid for by the developments in that area, and the effects of the low and no property tax bill would have on the City's revenue position. Council then proceeded to review the items listed on the Capital Improvement Plan and the funding sources and completion dates for the twenty -six projects listed as the City's priorities, - 1 - 701CP /CCARM December 1, 1987 Additional concern was then expressed about the amount of revenue shortfall that the City would face when the utility tax sunsets. Also discussed was the time- line for the Long Point project and when revenues could be expected to start coming in to the City. Additional discussion then took place on the condition of the streets and what standards that were set by the pavement study for their condition, the tech- nology used in the road update study, and if the results would be influenced by the condition of the bed under the road surface. More discussion took place on the timeline for construction of the Barkentine /Deadman' s Canyon project, the necessity of installing irrigation at Rancho Palos Verdes Park and if the necessary park maintenance was included in the CIP list of projects. With regard to the tax issue, discussion centered on the kind of tax to be pro- posed for the ballot, the amount of tax needed in order to fund the CIP pro- jects, how the amount of a parcel tax equated to the various percentages of the utility tax, and if there should be a $1 per foot frontage tax on undeveloped land and a utility tax, Concern was expressed about the amount of involvement and publicity the City could give a ballot proposal, in particular the amount of Council involvement and if the City could make any expenditures on its behalf. The .suggestion was made that a citizens committee should be formed to publicize this issue. Several suggestions were made about the date for holding the election and whether it should be June or November, 1988. After discussion of the expected date of receipt of revenue from a parcel tax, staff was requested to find out how quickly the County could put a parcel tax on the property tax bill and when the revenue would be received. It was the consensus that the subcommittee (Bacharach /Mc Taggart) should meet with the FACT Committee and discuss with them the alternatives suggested such as placing the issue of a 5% utility tax and steet frontage tax of $1.00 on undeve loped property on the June 1988 ballot and the role of the F.A.C.T. Committee in that election. ADJOURNMENT ATTEST: At 7:30 P.M. the meeting adjourned on motion of Councilman Mc Taggart . 2 - 701CP /CCARM December 1, 1987