HomeMy WebLinkAbout06/04/1996, C-2 - ANNUAL MEETING OF THE CAPITAL IMPROVEMENT BOARD 1
MEETING AGENDA
San Luis Obispo Capital Improvement Board DATE 6 ITEM #
AGENDA REPORT
FROM: Bill Statler, Director of Finance �,���
Prepared By: Linda Asprion, Revenue Manager/ q /
SUBJECT: ANNUAL MEETING OF THE CAPITAL IMPROVEMENT BOARD
CAO RECOMMENDATION
1. Approve minutes of meeting held on April 16, 1996.
2. Adjourn to the next regularly scheduled meeting.
DISCUSSION
In June 1986, the City of San Luis Obispo Capital Improvement Board was established as a
public authority to implement required financing for construction and improvement to various
public facilities. The City Council serves as the Board of Directors for this agency. The By-laws
governing the conduct of business by the Board requires that an annual meeting be held on the
first Tuesday in June of each year. In accordance with the By-laws, the following agenda has
been established for tonight's meeting.
■ Board consideration of minutes from April 16, 1996.
Draft minutes for the Board's approval are attached.
■ Adjournment to the next regularly scheduled meeting (first Tuesday in June, 1997).
ANNUAL FINANCIAL REPORTS
Section 3.42.050(D)of Ordinance 1059 creating the Capital Improvement Board requires that the
Board annually prepare and make available to interested members of the public a statement of
its financial affairs, audited by independent certified public accountants. Acting as the City
Council, Board members received audited financial statements in November of 1995 which
encompasses the fiscal affairs of the Board forthe fiscal year ending June 30, 1995.
Accordingly, this requirement has been met for fiscal year 1994-95
ATTACHMENT
Minutes from April 16, 1996 meeting.
4
MEETING AGPa'IA. /'2� 5
City Council Meeting DATE.L 41--060_ITLV4 Page 3
Tuesday, April 16, 1996 -7:00 p.m.
C8. SYMPHONIC BANDS AND ENSEMBLES CONFERENCE (File No. 102)
Council considered endorsing the World Association of Symphonic Bands and Ensembles
(WASBE) Conference scheduled to be held in the City of San Luis Obispo from July 5-11, 1999.
Moved by Smith/Williams to adopt Resolution No. 8526 endorsing the World Association of
Symphonic Bands and Ensembles (WASBE) Conference scheduled to be held in the City of San
Luis Obispo from July 5-11, 1999; motion carried (5-0).
C9. SHORT RANGE TRANSIT PLAN UPDATE (File No. 549)
Council considered a budget amendment request for the Short-Range Transit Plan.
Moved by Smith/Williams to approve a CIP project for a Short Range Transit Plan and appropriate
$25,000 to the project budget; motion carried (5-0).
C10. LOCAL AGENCYISTATE MASTER AGREEMENT (File No. 93-67)
Council considered a Supplement to the Local Agency/State Master Agreement for Federal Aid
Projects.
Moved by Smith/Williams to adopt Resolution No. 8527 approving Program Supplement No. 020
to the Local Agency/State Master Agreement for Federal Aid Projects No. 05-0016 for the Bridge
Replacement Project—Higuera Street at San Luis Obispo Creek (93-07); motion carried (5-0).
C11. 1996 LEASE BOND FINANCING PROGRAM (File No. 213)
(Previously No. CIB 2.)
Council considered approving the 1996 Lease Bond Financing Program.
Moved by Smith/Williams to approve implementation of the 1996 bond financing program by
introducing to print Ordinance No.1297 approving lease and acquisition agreements between the
City and the San Luis Obispo Capital Improvement Board (Board), these arrangements will serve
as collateral for the 1996 lease revenue bonds that will be issued by the Board; motion carried
CIB 1. 1996 LEASE REVENUE BONDS (File No. 242)
Council considered approving the 1996 Lease Revenue Bonds.
Moved by Smith/Roalman to: 1) approve minutes of meeting held on June 7, 1994; 2) elect the
Mayor as President, and Vice-Mayor as Vice-President, of the Capital improvement Board; and,
3)adopt Resolution No. 8528 approving the sale of the 1996 lease revenue bonds; motion carried
(5-0).
LIAISON REPORTS
LR1. Council Member Smith reported she had attended a meeting of the Human Relations
Commission where grants-in-aid were discussed, and that she and Mayor Settle had spoken to
Residents for Quality Neighborhoods, who expressed concern about student noise and parking
issues.
LR2. Mayor Settle said he had attended a meeting of an organization for the preservation of the
adobes and reminded his colleagues about the Adobe Tour on Friday, April 26.
LR3. Council Member Romero said he and Mayor Settle had attended a recognition ceremony