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Home My WebLink About0596.000, • , o.c:8lI\l)er 6, 1990 THE HON~RABLE CIT~ COUNCIL Palo Alto, California Attention: Finance and public Works committee Members of the council: RepOrt: ill .riar This is an informational report and no Council action is re~ired. The Finance and Public Works Committee requested in 1989 that discussion of the Committee's accomplishments this year be made an agenda item tor the last meetinq of each calendar year~ This report summarizes the major progress made on the work plan of the committee for 1990~ Appended to this report is a listing of all aqend~ items which the Committee addressed during the year. eo.aitt •• prIorities Xn 3anuary 1990, the committee decided upon a work plan with five major components, in order to address the council priority o!" beco.inq more active in quidinq Palo Alto's economic future and developing an econo~ic strategy~ The five components were: o New revenues o Revenue forecasting o Economic outreach o Fiscal impact of land U5e decisions o Redevelopment Action taken on the york plan items is summarized below: CMR:S96:0 o o MY hUJmU The User Fee/Cost Recovery Study w~s presented to the Committee on April 24. The .ethodology tor developinq interdepartmental and Intertund charges and preparing a user fee schedule tor proposed cost recovery levels, as ~ppropriate for City services, was reviewed and reccmmended ter adoption by the Council. The Comllittee reviewed individual fees with departmental budgets during the 1990-92 budget hearings and recommended revised s.chedules which vere subsequently approved by the Council. A Real Property Asset Mana.gement Folicy was reviewed by the Co~1ttee in April 1990 and subsequently adopted by the Council. The policy establishes that all real property owned by the City wil.l be considered as an a.sset. in terms o"f ~valuat.ing revenue potential prior to the property~s sale, lease or qrantinq ot any rights. Discussion on disposition of surplus well sites in October 1990 was predicated on the Policy. The Committee reviewed a stafr report concerninq improved collection rates for City revenues in April 1990 . • eY'pue lorecaatlDq Inforaation on sales tax and property tax revenue forecasts was included in the minutes from the Economic outl~k committee lEOC) aeetinqs in Hay and September and forwarded to the F.PW Committee. Various Committee and council members have also attended EOC .eetinqs and discussed information supplied by the City's consultants on sales tax. Statt I S revenue forecasts for 1990-92 were discussed durinq the budget ~ear inqs. ~o.lc outreaeh In response to the Committee's expressed concern about reaching out to local businesses and offering support, the Planning Director and Finance Director have undertaken a joint outreach effort. to the businesses in the Stanford Research Park. Intensive interviews 'lasting from one to three hours have been held with Xerox, Keenan- Lovewell, WSJ Properties, DNAX, Dialog Information systems, Syntex, Varian, Hevlett-P&ckard, TAB Products, Lockheed, Alza, Electric Power Research Institute, Wall Street Journal, and the U.S. Geological Survey. The intent is to meet with all the major tenants of the Park, and then to provide feedback at a qeneral aeetin9 of all participants reqardinq the information accumulated. Companies are told at those aeetings that a stanford Research Park Roundtable, similar to the Economic OUtlook Committee, will be foraeel after the interview process is completed. The Roundtable is; anticipated to also meet on a quarterly basis. CMR:S9&:O 2 • , Meetings have been held with Jim Baer of Ware and Fre!denrich and a representative of Digital Equipment Corporation reqarding the feasIbility of locatlnq a Bales office in Palo Alto. As .u~eBted by the Committee, staff produced informational brochures designed for the public coverinq the City's annual financial report and the proposed 1990-92 budqet. The "Financial Highlights" puhlication has been u&ed at rating agency presentations and Town Hall meetings and has been requested by other cities.. 1110&1 tapac~ 01 'aDA pl. 'p.ai.lop' rn September, the Committee reviewed a staff report on revenue bpact analysis. The committee alao approved a staff rflcomaendation to have the City require revenue impact analysis preparation paid for by the developer tor major development proposals. requiring Comprehensive Plan and Zone Map chanqes. as well AE! allocating resources for such an analysis for future special area studies that have a potentioal for significantly affecting City revenues. .In addition,. tl'le Committee approved st.aff's recoiDenda'tion to retain a consultant to identify potential revenue opportunities in the City within the context of existing city planning policies and regulations and to determine what actions would be necessary to maximize those opportunities. In November, the Committee approve~ a Request for Proposal (RFP} for consultant services to perform an economi~ land use study of certain key areas in Palo Alto... including urban Lane/Town and COUnty Village area; El camino Real, south of Stanford Avenue to the Los Altos{Mountain View city limits; three neighborhood shopping centers; and the california Avenue Business District. In addition, the RFP asks for an evaluation Q£ the potential effects of the 65,000 square foot expansion cap on the Stanford Shopping center and the appropriateness of the hotel overlay zone applied to several commercial properties in 1989. The consultant's recommendations will go to the Planning Commission for review prior to being brought to th~ Council. led eT.lopa_At In November, the Committee reviewed a staff report (CMR:573:0) on redevelopaent options and accepted staff's recommendation to proceed vith special area studies identified at the conclusion of the Citywide Study, beqinninq in the fall of 1991 with is study of the CS Orban Lane Area. to be followed by a study of the LM East Meadow Circle Area. CHR:S96:0 3 .•. • • Respectfully aubmittad, . ~~ !J4Ad0 -~'~ISON Di ector Finance anaqer CMR:S96:0 4 ... CI!R:103,O CI!R:134:0 CMR:135:0 CI!R:156:0 CMR:138:0 CMR:148:0 CMR:15],O CMR:149:0 CMR:l51: 0 CKR; 1.69: 0 CMR:200:0 CI!R:185:0 CMR:192:0 CMR:22E:O CMR:235:0 CI!R:238:0 am:220:0 CI!R:279:0 CMR:25J:O CKR: 596:0 1990 AGENDA ITEMS 1988-89 Financial Report, Menag8111ent Lettt:lr, and Additional Coopars , Ly~rand Audit Reports Schedule for Departmental Reviews Real Property Analyst -CUbb~rley School R'I!'gicnl!l:l water Qllality Control Plan Air Toxics Emissions Inventory Cost Recovery -spay and Neuter Clinic Landfill Post-Closure Care Financial ~equirements Household Hazardous Waste Disposal Program Consultant Solection Sand Hill Corr.idor Environaental I.pact Report Utility Rate Schedule -Landfill Underwriter -Refunding Utility Revenue Bonds .A:m.e.n<1raent No ~ 3 to T Me Aqree.m.e.nt Mid-year Financial Report/cIP Financial Status Report Fixed Assets Waste Minimization Program CGntract for Audit Services Financial Documents fcc Investment with East Palo Alt~ Sanitary District Recommend~tions for CDBG Allocations Trustee services Requirements Landfill Closure Financial Real property Asset Kanagement Policy 1990-92 Budget Bevenue Collection Activity 5 ! I CIIR,2S1:0 CIIR:271: 0 ClIR,27S:0 CMR: 482 , 0 ClIR: 273: 0 CHR:JS2:0 ClIR:389:0 CI'IR:398:0 CMR:H2:0 ClIR:U2,O C!m:.9J:O ClIR:485:0 CMR:4U:0 ClIR,5l0,O CIIR:545:0 0IR:565:0 ClU1:573:0 CMR:571 :0 am:596:0 o User Fee/Cost Allocation study and Changes to the Hunicipal Fee SChedule Sales Tax Auditinq Information Minor Audit Reports Recommended stAnford Lease/El Camino Park. ~QcArthur park Restaurant, Re~ Cross, santa Clara County Transit Consultant. Selection for Regional water Qual.ity Control Plant Diacb4rge Monitoring Economic Qutloo~ Co-sittee Meeting (2 aeetin9s) 8ay Konltorinq Consultant Selection Enterprise FUnds Capital Improvement ~ojects Financial status Report Selection of Consultant Contracts tor Con.:mittee Reviev Cable Tel~visiOa' Franchise Gol~ Course capital lmprovements Revenue I.pact Analysis rFAS Implementation Consultant Agreement Gann Issue B&rrOl'l Park stree.ts .and Sidewalks Disposition of Surplus Well Sites Incorporation of Air Riqhts int.o Real Property Asset Management Policy Issues and Options Related to Redevelopment Land Use Revenue Analysis Request for propoBal 6