HomeMy WebLinkAbout06/04/2002, 6 - ANNUAL MEETING OF THE CAPITAL IMPROVEMENT BOARD 06-04-02
Item No. 6
San Luis Obispo Capital Improvement Board
AGENDA REPORT
FROM: Bill Statler,Director of Financ
Prepared by: Linda Asprion, Revenue Manager�/�/,t**�'
SUBJECT: ANNUAL MEETING OF THE CAPITAL IMPROVEMENT
BOARD
CAO RECONEMENDATION
1. Approve minutes of meeting held on October 16, 2001.
2. Elect officers for the Capital Improvement Board(President and Vice President).
DISCUSSION
In June 1986, the City of San Luis Obispo Capital Improvement Board was established as a
public authority to implement required financing for constructing 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:
■ Approval of minutes from October 16, 2001. Minutes from the Board's last
meeting are attached for approval based on those already adopted by the City
Council for this meeting.
■ Election of officers. In keeping with past practice, it is recommended that the
Mayor serve as President and that the Vice-Mayor serve as Vice-President.
■ Adjournment. Adjourn to the next regularly scheduled meeting (first Tuesday in
June, 2003).
ANNUAL FINANCIAL REPORTS
Section 3.42.050(D) of Ordinance No. 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 2001 encompassing the fiscal affairs of the Board for the fiscal
year ending June 30, 2001. Accordingly, this requirement has been met for fiscal year
2000-01.
ATTACIINIENT
Minutes from October 16, 2001 meeting
G:CIB Annual MeetingUune 2002 6-1
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City Council Meeting - ATTACHMENT#1
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Tuesday, October 16, 2001-5:00 p.m.
..... — CAPITAL IMPROVEMENT BOARD
The Council convened at the Capital Improvement Board.
4. MEETING OF THE CAPITAL IMPROVEMENT BOARD.
.Finance Director Statler presented the staff report.
ACTION: Moved by Ewan/Marx to: 1)Approve minutes of the meeting held on June
6,2000. 2) Elect officers for the Capital Improvement Board (Mayor Settle President
and Vice Mayor Ewan Vice President). 3)Adopt Resolution No. 9241 (2001 Series)
approving the refunding of the 1999 Lease Revenue Bonds; motion carried 5:0.
Public Comment:
Patty Taylor asked questions regarding bonds she is currently purchasing for a client.
Mayor Settle referred her to Bond Counsel Chick Adams from Jones-Hall.
At 5:55 p.m. the Council Improvement Board adjourned.
The Council reconvened at 7:00 p.m.
PUBLIC COMMENTS
Ritchie Walker La Entrada Street resident, expressed concerns regarding the long
waiting perio etween arrival times of City buses.
Chris lvey,Arroyo G de resident;discussed the square footage of Costco's in other cities
in the United States.
Mary Beth Schroeder,Wilding a resident,reiterated hopes that the Senior Center could
be relocated to 1341 Nipomo Stree .
....______... a PRESE TION
Mayor Settle presented a proclamation to D.Gordon Ilin, proclaiming October 21,2001 —
October 27,2001 as National Population Awareness We
PUBLIC HEARINGS
5. CONSIDERATION OF 1 A PROJECT TO DEVELOP AN EIGHTEEN IT
CONDOMINIUM SUBDIVISION AND 2 THE MITIGATED NEGATIVE DE RATION
FOR THE PROJECT TRIER 115-00 • 3051 AUGUSTA AUGUSTA PARTNIM LLC
APPLICANT.
Community Development Director Mandeville and Associate Planner Codron presented th
staff report.
Mayor Settle opened the public hearing.
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