HomeMy WebLinkAbout2021-06-15 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Special Meeting
June 15, 2021
The Finance Committee of the City of Palo Alto met on this date in virtual
teleconference at 6:02 P.M.
Present: Burt, Cormack, Filseth
Absent:
Agenda Items
1. Staff Recommends the Finance Committee Review the Lease
Agreement With BioScience Properties for the Regional Water Quality
Control Plant Workspace at 1900 Embarcadero Road in an Estimated
Total Amount of $1.73 Million for a Period of Five Years and
Recommend City Council Approval.
MOTION: Chair Cormack moved, seconded by Vice Mayor Burt to
recommend the City Council authorize the City Manager to execute the
Lease Agreement with BioScience Properties for the Regional Water Quality
Control Plant Workspace.
MOTION PASSED: 3-0
2. Recommend the City Council Approve the Workplan for Pursuit of a
Revenue-generating Local Ballot Measure for the November 2022
General Election; and Review and Provide Potential Guidance to Staff
on Affordable Housing Funding as Referred by the Council.
The Finance Committee took a break at 7:40 P.M. and returned at 7:49 P.M.
MOTION: Vice Mayor Burt moved, seconded by Council Member Filseth to
recommend the City Council approves the workplan for pursuit of a revenue-
generating local ballot measure for the November 2022 General Election,
with the following focus:
A. The pursuit of a business tax, and refine the basis for such a tax (e.g.
headcount, payroll, square footage, gross receipts, or other);
B. The pursuit of a utility use-based tax;
ACTION MINUTES
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Sp. Finance Committee Meeting
Action Minutes: 06/15/2021
C. Proceed with refinement of estimates and evaluation of potential tax
measures, including stakeholder outreach, polling and further
feasibility analysis; and
D. Review of additional information regarding affordable housing funding
as directed by the City Council.
INCORPORATED INTO THE MOTION WITH THE CONSENT OF THE
MAKER AND SECONDER to add to the Motion, Part A, “…and the
preference of square footage as the basis…”
MOTION PASSED: 3-0
BY ACCLAMATION THE COMMITTEE INCORPORATED INTO THE
MOTION to add to the Motion, Part C, “…and bring forward the budget
actions necessary…”
MOTION AS AMENDED: Vice Mayor Burt moved, seconded by Council
Member Filseth to recommend the City Council approves the workplan for
the pursuit of a revenue-generating local ballot measure for the November
2022 General Election, with the following focus:
A. The pursuit of a business tax and the preference of square footage as
the basis for such a tax;
B. The pursuit of a utility use-based tax;
C. Proceed with the refinement of estimates and evaluation of potential
tax measures—including stakeholder outreach, polling and further
feasibility analysis—and bring forward the budget actions necessary;
and
D. Review additional information regarding affordable housing funding as
directed by the City Council.
MOTION AS AMENDED PASSED: 3-0
Adjournment: The meeting was adjourned at 8:54 P.M.