JUNE 22, 2005 CITY OF RANCHO PALOS VERDES FINANCE ADVISORY COMMITTEE MINUTES JUNE 22, 2005 CITY OF RANCHO PALOS VERDES FINANCE ADVISORY COMMITTEE MINUTES JUNE 22, 2005 CITY OF RANCHO PALOS VERDES FINANCE ADVISORY COMMITTEE MINUTES

MINUTES

CITY OF RANCHO PALOS VERDES

FINANCE ADVISORY COMMITTEE

JUNE 22, 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

Roll call was answered as follows:

PRESENT: Clark, Grimme, McLeod, Nelson, Smith, and Wallace

ABSENT: Bouey

Also present were Director of Finance and Information Technology McLean; Accounting Manager Downs; and Senior Administrative Analyst Gyves.

APPROVAL OF AGENDA

Member Nelson motioned for approval of the agenda and Member Smith seconded. Hearing no objection, Chair McLeod ordered approval of the agenda.

APPROVAL OF DRAFT MINUTES FOR THE MEETING CONDUCTED MAY 11, 2005

Member Nelson motioned for approval of the minutes from the May 11, 2005 FAC meeting, and Member Grimme seconded. Hearing no objection, Chair McLeod ordered approval of the draft minutes.

WATER QUALITY AND FLOOD PROTECTION PROGRAM

Director McLean informed the FAC the following regarding the Water Quality and Flood Protection Program:

  • On May 3, 2005, the City Council decided to proceed with the mail ballot election. The City Council, on a 4 to 1 vote, adopted an ordinance that enables the City to use mail ballot elections.
  • At the June 21, 2005 Public Hearing, sixteen property owners spoke with the majority stating their opposition of the user fee.
  • City Staff will mail a ballot, introduction letter, and information sheet to each property owner in the City subject to the proposed User Fee on or around July 7th or 8th. The deadline for mail ballots to be returned is August 30 th at 8:00PM. Property owners will be able to return the ballots to City Hall by mail or hand delivery.
  • The League of Women Voters is holding a forum regarding the proposed Storm Drain User Fee at Hess Park on July 13 th or 14 th. Proponents and opponents will be asked to speak and answer questions.

STATE BUDGET UPDATE

Senior Administrative Analyst Gyves informed the FAC the following regarding the FY05-06 State Budget:

  • The State failed to adopt a FY05-06 Budget by the June 15, 2005 deadline.
  • Local government agencies do not seem to be the target of any proposed revenue cuts. However, Staff will continue to monitor the situation in case any new budget proposals are released.
  • The City should receive an estimated $100,000 in proposition 42 transportation funding in FY05-06. Proposition 42 funds are from a sales tax on gasoline used to fund street maintenance. Since its approval in 2002, the State has transferred these funds to its General fund.
  • The Governor’s May revise included repayment of half of the Vehicle License Fee Gap Loan, while the Budget Conference Committee’s current budget (SB 77) eliminates this provision.

TRUMP NATIONAL GOLF CLUB – UPDATE

Senior Administrative Analyst Gyves informed the FAC the following regarding the Trump National Golf Club:

  • Staff expects the Trump National Golf Club to open in late August or early September. Certain conditions must be met prior to opening for business, including:
    • The City has to accept Ocean Trails Park, which is scheduled for the July 5th City Council meeting.
    • Palos Verdes Drive South roadway and landscaping improvements must be completed.
    • Trails through and surrounding the golf course must be completed.
    • The Geotechnical Report must be completed and reviewed by the City Geologist.

PROPOSED LONG POINT RESORT PROJECT – PROJECT REVISIONS

Director McLean informed the FAC the following regarding the proposed Long Point Resort Project:

  • On September 7, 2004, the City Council approved the developer’s request to sell 50 hotel rooms and 20 bungalow units to individuals. The City Council also agreed to establish a 1% property transfer fee payable to the City when these units are sold. The money collected from the transfer fee will go to a non-profit corporation for the maintenance and enhancement of public open space or street maintenance. The property transfer fee was established to offset the loss of transient occupancy tax.
  • On May 17, 2005, the City Council approved revisions to the site plan (reductions, expansions, relocation, reorientation, etc.). The Coastal Commission is currently reviewing these revisions, which Staff believes is a consent calendar item.
  • Prior to breaking ground, Long Point Developers still need to complete 30 of the original 205 conditions of approval, such as the Public Amenities Plan, Landscaping Plan and Water Quality Plan. After the conditions of approval are met, the City can issue building permits.

PUBLIC COMMENTS

No public comments were made.

ADJOURNMENT

Member Wallace moved and Member Nelson seconded a motion to adjourn the meeting at 7:58 PM. Hearing no objection, Chair McLeod ordered the meeting adjourned.

_____________________________

Chair, Financial Advisory Committee

ATTEST:

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Gary Gyves, Recording Person