CITY OF RANCHO PALOS VERDES
FINANCE ADVISORY COMMITTEE
NOVEMBER 18, 2004
Chair Clark called the meeting to order at 7:06 PM at the City Hall Community Room, 30940 Hawthorne Boulevard, for the purpose of conducting business pursuant to the Agenda.
Roll call was answered as follows:
PRESENT: Bouey, Clark, Grimme, McLeod, Smith, and Wallace
Also present were Director of Finance and Information Technology McLean; Accounting Manager Downs; and Senior Financial Analyst Gyves.
APPROVAL OF AGENDA
Vice-Chair McLeod motioned for approval of the agenda, and Member Smith seconded. Hearing no objection, Chair Clark ordered approval of the agenda.
UPDATE Ė INFRASTRUCTURE RENEWAL AND MAINTENANCE PROJECT
Director McLean informed the FAC that he would be giving a Power Point presentation that would be similar to the one that will be presented at the joint City Council/FAC workshop on November 30, 2004. The Infrastructure Renewal and Maintenance Power Point presentation contained an overview of the following information:
Upon completion of the presentation, Vice-Chair McLeod offered suggestions on how to improve the storm drain model.
Member Grimme asked if the Infrastructure Team has projected the costs associated with ignoring the needed storm drain repairs. Director McLean informed the FAC that these costs cannot be calculated.
Chair Clark asked if Staff would request the FAC to take any action regarding the storm drain model or infrastructure presentation. Director McLean informed Chair Clark that no FAC action was necessary. Director McLean also informed the FAC that the input provided by the FAC members would assist the Infrastructure Team in preparing for the November 30, 2004 presentation.
No public comments were made.
Vice-Chair McLeod moved and Member Smith seconded a motion to adjourn the meeting at 9:23 PM. Hearing no objection, Chair Clark ordered the meeting adjourned.
Chair, Financial Advisory Committee
Gary Gyves, Recording Secretary