HomeMy WebLinkAbout2025-03-04 Finance Committee Action MinutesFINANCE COMMITTEE
ACTION MINUTES
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Special Meeting
March 4, 2025
The Finance Committee of the City of Palo Alto met on this date in the Community Meeting
Room and by virtual teleconference at 5:30 PM.
Present In-Person: Reckdahl, Lauing, Burt (Chair)
Present Remotely: None
Absent: Lythcott-Haims
Call to Order
Agenda Items
1.Recommend City Council Adoption of a Resolution Amending Utility Rate Schedule D-1
(Storm and Surface Water Drainage) Reflecting a 2.4% Consumer Price Index Rate
Increase to $17.61 Per Month Per Equivalent Residential Unit for Fiscal Year 2026; CEQA
Status – Not a Project
MOTION: Council Member Lauing moved, seconded by Council Member Reckdahl, to
recommend the City Council adopt the attached resolution amending Utility Rate Schedule D-1
(Storm and Surface Water Drainage), to implement a 2.4% rate increase consistent with the
applicable Consumer Price Index, increasing the monthly charge per Equivalent Residential Unit
(ERU) by $0.41, from $17.20 to $17.61 for Fiscal Year 2026.
MOTION PASSED: 3-0
2.Recommend City Council Adopt Planning and Development Services Cost of Services
Study and Proposed Municipal Fee Adjustments
MOTION: Chair Burt moved, seconded by Council Member Reckdahl, to recommend the City
Council amend the Planning and Development Services municipal fees as outlined in
Attachment B as part of the FY26 budget and municipal fee schedule with additional
recommendation for strong subsidy for electrified appliances and not for gas, except for
ACTION MINUTES
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Finance Committee Special Meeting
Action Minutes: 03/04/2025
consideration of compliance with seeking permit. Additionally, continue the same permit
subsidy for daycare and affordable housing.
MOTION PASSED: 3-0
Adjournment: The meeting was adjourned at 7:07 P.M.