HomeMy WebLinkAbout2022-03-28 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
Page 1 of 2
Special Meeting
March 28, 2022
The Finance Committee of the City of Palo Alto met on this date in hybrid
teleconference at 5:32 P.M.
Present: Kou, DuBois (Chair), Filseth
Absent: None
Agenda Items
1. Revenue Generating 2022 Ballot Measures: Review Feedback from the
Ballot Measure Community and Stakeholder Engagement Plan and the
Second Round of Polling; Review Draft Ballot Measure Language; and
Recommend to Council Further Refinement of Potential Measures
Adopting a Business License Tax and Confirming the Gas Utility General
Fund Transfer
1) Gregory Schmid
2) Rebecca Eisenberg
3) Aram James
4) Shweta Bhatnagar
5) Phone caller (Terry Holzemer)
6) Dan Kostenbauder
7) Charlie Weidanz
8) Edesa Bitbadal
MOTION: Council Member DuBois moved, seconded by Vice Mayor Kou for
the Finance Committee to recommend that the City Council consider:
A. Gas ballot language to include 18% and current uses
B. Business tax ballot language to include
i. Exempt hotels
ii. Exempt groceries, require amount of use for food sales
iii. Exempt seasonal businesses less than 90 days
SUMMARY MINUTES
Page 2 of 2
Sp. Finance Committee Meeting
Summary Minutes: 3/28/2022
iv. Require BRC and exempt first 5000 sq ft
v. Proposed escalating rate over 3 years starting in 2024 at $0.12 a
sq ft per month, at $0.15, $0.20 then CPI capped at 6% per
annum with excess CPI carrying over to future years
C. Recommend the City Council direct staff to proceed with a third round
of polling based on Finance Committee and Council’s feedback
MOTION PASSED: 3-0
Future Meetings and Agendas
Adjournment: The meeting was adjourned at 8:41 P.M.