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HomeMy WebLinkAboutAgenda Report - July 18, 2007 City Manager CommentsContinued July 18,2007 In response to Council Member Hansen, Mr. Krueger stated the trustee has requested the note be extended after the original five-year period expired. City Manager King stated the interest rate is competitive, cash flow is sufficient, and the arbitrage ability is good. Mayor Pro Tempore Mounce requested the note be paid as quickly as possible or spread out equally over the course of several years. In response to Council Member Hansen, Mr. Krueger stated, from a cash flow standpoint and the fact that the cost is negated by the arbitrage, staff is fine with the recommended extension. MOTION/VOTE: The City Council, on motion of Mayor Johnson, Katzakian second, adopted Resolution No. 2007-143 approving the execution by the City Manager of a $245,000 promissory note payable to James E. Dean as surviving trustee of the James E. Dean Family Trust with interest of 6% and interest only payments to be made on a quarterly basis. The motion carried by the following vote: Ayes: Council Members —Hansen, Katzakian, and Mayor Johnson Noes: Council Members— Mounce Absent: Council Members — Hitchcock E-32 "Set Public Hearing for August 1, 2007, to consider the Planning Commission's recommendation for the 2006 Growth Management Allocations for Brett & Kathy Haring and Taj Khan" Kathy Haring requested the City Attorney review the language concerning competitive years in the ordinance prior to the public hearing. MOTION/VOTE: The City Council, on motion of Mayor Johnson, Mounce second, set Public Hearing for August 1, 2007, to consider the Planning Commission's recommendation for the 2006 Growth Management Allocations for Brett & Kathy Haring and Taj Khan. The motion carried by the following vote: Ayes: Council Members —Hansen, Katzakian, Mounce. and Mayor Johnson Noes: Council Members— None Absent: Council Members — Hitchcock F. COMMENTS BY THE PUBLIC ON NON -AGENDA ITEMS • Jennelle Bechtold of Waste Management provided an overview of the hazardous waste drop- off event scheduled for the weekend. Ann Cerney commended the City on its action on Item No. E-29, stating it is the first time property has been received in the County under the given situation. G. COMMENTS BY CITY COUNCIL MEMBERS ON NON -AGENDA ITEMS • Mayor Pro Tempore Mounce reported on her attendance at the Lodi Youth Commission and Affordable Housing Proposal Review Committee meetings. She also reported on the campaign to keep kids alive and the Lodi Historical Society ice cream social event. • Council Member Hansen reported on the San Joaquin Partnership meeting with Ken Vogel, Northern California Power Agency meeting with Jim Polk regarding the Lodi Project, and concerns regarding Waste Management overflow on trucks. • Mayor Johnson reminded the public of the special redevelopment meeting to be held on July 19, 2007, at the Lodi Boys & Girls Club. H. COMMENTS BY THE CITY MANAGER ON NON -AGENDA ITEMS • City Manager King stated the special redevelopment meeting will be replayed and staff will disseminate information regarding National Night Out. Mr. King also reviewed a utility rate comparison. Utility rate comparison How Lodi's rates, excluding electricity, compare with four nearby cities: City Water Wastewater Garbage Stormwater Total Tracy $28.60 $31.00 $19.95 $1.20 $80.75 Stockton* $42.42 $21.10 $19.75 $2.10 $85.37 Lodi** $38.79 $26.71 $21.19 $0 $86.69 AVERAGE $33.70 $32.35 $20.36 $1.15 $87.55 Manteca $38.20 $33.06 $19.78 $0 $91.04 Galt $20.47 $49.89 $21.11 $2.43 $93.90 * CalWater rate ** Three-bedroomrates Assumptions: Water consumptionbased on 20 ccflmonth averaged year-round (avg. of Lodi users in pilot meter study). Garbage rates based on 30- to 38 -gallon refuse cart, unless minimum is larger. Sources: City websites, city billing representatives.