HomeMy WebLinkAbout1998 05 06 CC MIN SS1998 05 06 CC MIN SS @˜ z MIN SS MAY 6 1998[Þ›[H6Ø8 REGULAR MEETING OF THE CITY COUNCIL OF THE
CITY OF BALDWIN PARK, CITY HALL, 14403 EAST
PACIFIC AVENUE, WEDNESDAY, MAY 6,1998
The City Council met in a study session
in the Council Chambers at 6:00 p.m.
ROLL CALL PRESENT: COUNCIL MEMBERS LOZANO, MUSE, PACHECO,
VAN CLEAVE, AND MAYOR LOWES
ALSO PRESENT: City Attorney Olivas,
Acting Chief of Police Kies,
Interim Finance Director Sanchez,
Dir. of Community Development Cervantes,
Dir. of Public Works Mousavi,
Dir. of Rec/Community Services Nunez, and
City Clerk Gair
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CLOSED SESSION
The City Council met in Closed Session at 6:00 p.m. to consider a Conference with Legal Counsel
regarding Anticipated Litigation as Significant Exposure to Litigation pursuant to Government Code
section 54956.9(b) relating to One Case.
The City Council reconvened at 6:15 p.m. Roll Call remained the same.
City Attorney Olivas stated that in Closed Session the City Council considered the item as stated.
Direction was given to Staff and no further action was taken.
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ORAL COMMUNICATIONS
Mayor Lowes declared Oral Communications open and invited those wishing to speak to come
forward. There were none.
Mayor Lowes declared Oral Communications closed.
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TOPIC OF DISCUSSION
Update on Bond Refinancing San Gabriel River Project
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1998 05 06 CC MIN SS @˜ z MIN SS MAY 6 1998[Þ›[H6Ø8REGULAR MEETING OF THE CITY COUNCIL STUDY SESSION) PAGE 2
OF THE CITY OF BALDWIN PARK MAY 6, 1998
Director of Community Development Cervantes explained the overpayment by the County that has
been made to the City. This money will have to be repaid to the County and he explained that process
and the need to meet with the County. Marilyn Garcia, Bone Counsel, stated that it is important to
cure this problem because it needs clearing up for the general stability of other projects. She also
explained some of the ways that the repayment will be approached and that one of the reasons for
concern is that the County can stop sending tax increments. She further explained to the Council
housing funds cannot be used to repay other debts.
The Council discussed this issue and their concerns about:
* How this affects other projects.
* Why these over payments were not noticed earlier.
* Using reserves to repay the funds to the County.
* The General Fund balance being able to absorb this cost.
* The seriousness of this being compounded by the misappropriation of the Gas Tax
monies.
* Ml the money that has been loaned to Redevelopment Projects and the affect on
the General Fund.
* Staff members being mislead and the neglect on the part of someone regarding this.
* This happening over a seven year time period and not noticed.
* The cap that was established of one million dollars.
* Establishing a policy on this so that this does not happen again.
* Considering to amend the cap.
Director Cervantes offered some alternatives to the Council for possible future changes to help put
the City in a better position. Also, at the request of the City Council, Dean Flores, a member of the
Bond Counsel team, stated that he recollected that Mr. Rod Gunn, who formerly did bond issues for
the City, stated back in 1994 that there was a need to pay back funds to the County.
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Mayor Lowes adjourned the study session at 6:45 p.m. There were no objections.
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