CITY OF RANCHO PALOS VERDES
FINANCE ADVISORY COMMITTEE
FEBRUARY 23, 2005
Chair McLeod called the meeting to order at 7:02 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, and Wallace
Also present were Director of Finance and Information Technology McLean; Accounting Manager Downs; and Senior Financial Analyst Gyves.
APPROVAL OF AGENDA
Chair McLeod motioned for approval of the agenda, and Member Grimme seconded. Hearing no objection, Chair McLeod ordered approval of the agenda.
ELECTION OF VICE-CHAIR
Chair McLeod requested nominations for Vice-Chair. Chair McLeod nominated Member Clark for Vice-Chair. Member Clark was unanimously voted in as Vice-Chair.
RECRUITMENT FOR VACANCY
Director McLean informed the FAC that the City Council will be selecting the new FAC member at the March 15, 2005 City Council meeting. Director McLean requested that FAC members assist in the recruitment by asking neighbors or other community members if they are interested in becoming a FAC member.
INFRASTRUCTURE FINANCING – PROPOSED WATER QUALITY AND FLOOD PROTECTION PROGRAM
Director McLean informed the FAC the following regarding the sinkholes on Western Avenue and the heavy rainfall that occurred during the week of February 14, 2005:
QUESTIONS RELATED TO THE STORM DAMAGE INCURRED BY THE CITY AND ITS RESIDENTS:
Vice-Chair Clark asked how setting the user fee higher than planned related to the phone survey. Director McLean informed the FAC that the topic was inserted at the request of Councilmember Long. Director McLean also informed the FAC that based on the phone survey a fee in excess of $100 per ERU will meet resistance.
Member Bouey asked if the City has estimated the total cost to repair the damage incurred from the recent storms. Director McLean informed the FAC that the Public Works Director’s best guess was between $150,000 and $200,000 for the storm damage incurred during the week of February 14.
Member Bouey asked how much of the damage incurred was a result of deficient storm drains. Director McLean informed the FAC that many inlets were overwhelmed by water, mud and debris and it would be very difficult to determine how much of this was caused by deficient storm drains.
Member Grimme asked if any of the storm damage could have been avoided if the City had an emergency volunteer group to assist with sand bags. Director McLean informed the FAC that he does not believe it would have helped because much of the damage occurred very quickly and in unexpected areas.
Director McLean presented a shortened version of the Water Quality and Flood Protection Program Power Point Presentation that was presented to the Rancho Palos Verdes Council of Homeowners Association.
FY05-06 STATE BUDGET UPDATE
Senior Administrative Analyst Gyves informed the FAC that the proposed FY05-06 State Budget released in January does not contain any items that significantly impact local governments. Senior Administrative Analyst Gyves also informed the FAC that the revised State Budget will be released in May.
No public comments were made.
Vice-Chair Clark moved and Member Grimme seconded a motion to adjourn the meeting at 8:58 PM. Hearing no objection, Chair McLeod ordered the meeting adjourned.
Chair, Financial Advisory Committee
Gary Gyves, Recording Secretary