HomeMy WebLinkAbout2025-04-01 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, Burt (Chair)
Present Remotely: None
Absent: Lychott-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: Chair Burt moved, seconded by Council Member Reckdahl, to recommend the City
Council adopt a resolution a resolution amending Utility Rate Schedule D1, approve the Fiscal
Year (FY) 2026 Water Utility Financial Forecast, a reserve transfer of up to $3,000,000 from the
Rate Stabilization Reserve to the Operations Reserve in FY 2025, and amendment to Rate
Schedules effective July 1, 2025 (FY 2026) for W-1 (General Residential Water service), W-2
(Water Service from Fire Hydrants), and W-3 (Fire Service Connections).
MOTION PASSED: 2-0
2. Recommend City Council Adopt Planning and Development Services Cost of Services
Study and Proposed Municipal Fee Adjustments
ACTION MINUTES
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Finance Committee Special Meeting
Action Minutes: 03/04/2025
MOTION: Chair Burt moved, seconded by Council Member Reckdahl, to recommend the City
Council adopt a resolution approving the Fiscal Year 2026 Wastewater Collection Utility
Financial Forecast and amendment to Rate Schedules effective July 1, 2025 (FY 2026) for S-1
(Residential Wastewater Collection and Disposal), S-2 (Commercial Wastewater Collection and
Disposal), S-6 (Restaurant Wastewater Collection and Disposal), S-7 (Commercial Wastewater
Collection and Disposal – Industrial Discharger); and repealed Rate Schedules effective July 1,
2025 for S-3 (Industrial Waste Laboratory and Analysis Charges) and S-4 (Hauled Liquid Waste
Charges)
MOTION PASSED: 2-0
3. Evaluation of Fire and Ambulance Service Expansion Options (Follow-up from 11/19/24
Meeting)
MOTION: Chair Burt moved, seconded by Council Member Reckdahl, to direct staff to provide
options towards having an engine at Fire Station 4, conversion to single role, and options on
how and when to transition given the financial order of magnitude and through th budget
development process.
Adjournment: The meeting was adjourned at 9:21 P.M.