The URL can be used to link to this page

Home My WebLink AboutMinutes - July 8, 1988 SM24 SPECIAL MEETING LODI CITY COUNCIL CITY HALL COUNCIL CHAMBERS FRIDAY, JULY 8, 1988 7:00 A.M. Pursuant to State Statues, the following notice was mailed under Declaration of Mailing to persons listed on Exhibit 6 hereinafter set forth advising of a Special Meeting of the Lodi City Council to be held on July 8, 1988 at 7:00 a.m. NOTICE AND CALL OF SPECIAL MEETING OF THE LODI CITY COUNCIL TO THE MEMBERS OF THE CITY COUNCIL OF THE CITY OF LODI, CALIFORNIA, AND TO THE CITY CLERK: NOTICE IS HEREBY GIVEN that a Special Meeting of the City Council of the City of Lodi, California, is hereby called to be held at 7:00 A.M. on Friday, July 8, 1988 in the Council Chambers, City Hall, 221 West Pine Street, Lodi. Said Special Meeting shall be for the following purposes: 1. To consider alternative funding plans for the expansion of the White Slough Water Treatment Plant. 2. Consider allowing helicopter rides as part of Downtown Days on July 14, 15, and 16, 1988. Dated: July 6, 1988 1 s/James W. Pinkerton, Jr. Mayor s/Alice M. Reimche City Clerk EXHIBIT "B" Fred M. Reid Lodi News Sentinel 1168 Northwood Attn: Scott McFetridge Lodi, CA 95240 125 North Church Street Lodi, CA 95240 John R. Snider 2328 Brittany Lane King Videocable Lodi, CA 95240 Attn: Ms. Deanna Enright 1521 South Stockton Street David M. Hinchman Lodi, CA 95240 1131 South Pleasant Avenue Lodi, CA 95240 Julia Prodes Stockton Record James W. Pinkerton 235 South Hutchins Street 916 West Turner Road Lodi, CA 95240 Lodi, CA 95240 Lodi Magazine Evelyn M. Olson P. 0. Box 648 730 West Lodi Avenue Lodi, CA 95241 Lodi, CA 95240 City Manager KCVR Radio City of Lodi P. 0. Box 600 Lodi, CA 95241 Assistant City Manager City of Lodi KSTN Radio 3171 Ralph Avenue City Attorney Stockton, CA 95206 City of Lodi City Clerk Public Works Director City of Lodi City of Lodi Community Development Director City of Lodi 1 Continued July S, 1988 ROLL CALL Roll was recorded by the City Clerk as follows: Present: Council Members - Hinchman, Olson (arrived 7:02 a.m.), Snider and Pinkerton (Mayor) Absent: Council Members - Reid ALTERNATIVE FUNDING PLANS PRESENTED FOR THE EXPANSION OF WHITE SLOUGH WATER TREATMENT PLANT The following funding alternatives for the expansion of the White Slough Water Treatment Plant were presented by CC -51(f) City Manager Peterson for City Council review. A lengthy CC -190 discussion followed regarding the subject alternatives with questions being directed to staff. project casts City cantr:bution to Project Net ?reject to be Financed Date of Fiaancirg Lend Acquisition construction Period start End of F --zing Fa: irg AveraSe Interest Rote Li:c c: Issue Princ';al A=cunt Use CE :rcm Issue: Ccns:^.action and L:r.d Atquisition Less: City Ccnt—itruticn Interest Z. --nn d dcrin'� Const. Nat Ccntt:,action ire= Issue vca Service Rese.�'c Fl:nd F�_.ded :merest Cos: o° Issuame Principal Aacunt A:_ ul ca%'l 710v (Beg. re 65/69) Avery: NCt Debt Service Less: Fund L rnings 0 9.2% S2.5 Fund Fund Net cost to So -or ;"tc.7-isa Financing Alternatives A _ —_ _— _ c $10,931,000 S10,931,000 $10,931,000 <-n-> r ,DCo,coo> cz.oco.oeo> 10,931,000 9,931,000 8,931,000 7127/s8 7127(88 7127/98 Z/1169 211189 2/1169 20 cog. 20 Ms. 20 coa. 5/1189 511/89 5/1/89 1/1/91 1/1191 111191 Cc. -t. 0! Past. Cc:-.. of Part. Cc -c. Of Part. unrated Unratcd unrated 6.25% 8.25'% 8.25% 30 yrs. 30 yrs. 30 y:s. S11,:.95,000 :10,345,000 S 9,200,000 10,931,000 10,931,000 10,931,000 <-0-> C1,000,000> <2,000,000> <1.749.000> <1,135,Ooo> <1.Ii2,1100> 9,70'2,000 8,796,000 7,!09,000 1,036,000 932,000 826,Oc0 -0- -0- -0- 677,p00 627.000 S6},0^,0 $ 963,000 $ 867,000 $ 770,000 <230,OCO> <138,030> c 111,000 g 779,000 —1--7 7:..000 2 a 0 .ontinued July 8, 1988 Financing Alternative Use of -Funds frcm Issue: Construction and Land Acquisition 10,931,000 Less: City Contribution <3,000,000> Interest Earned during Const. <1.1091000> Net construction frost Issue 6,822,000 Debt Service Reserve Fund 726,000 Funded Interest -0- Cost of Issuance 507,000 Principal Amount 5 8,055,000 Annual Cash :low (Beg. FY 88/89) Average Net Debt Service $ 676,000 On motion of Council Member Hinchman, Olson second, the City Council approved Seidler -Fitzgerald City of Lodi 1988 Wastewater Treatment Plant Expansion Project Financing Alternative "C", as shown above. The motion carried by unanimous vote of all Council Members present. LDBA REQUEST TO ALLOW HELICOPTER RIDES AS PART OF "DOWNTOWN DAYS" DENIED City Attorney McNatt advised the City Council that as part of the "Downtown Days" event scheduled for July 14, 15 and CC -6 16, 1988, it has been proposed that the City allow use of a CC -39 municipal parking lot in the area for takeoffs and landing of helicopters providing rides to the public. At the meeting of July 6, 1988, the City Council directed the City Attorney's office to look into the proposal and to make recommendations. Because of the short response time involved, an in depth analysis was not possible. However, City Attorney McNatt indicated that a few points deserved attention: 3 D Project costs s10,93.1,000 City contribution_ to Project <3,000.000> Net Project to be Financed 7,931,000 Date of Financing 7/27/88 Land Acquisition 2/1/89 Construction Period 20 mos. Start 5/1/89 End 1/1/91 Type of Financing Cert. of Part. Rating Unrated Average Interest Rate 8.25% Life of Issue 30 yrs. Principal Araount S 8,055,000 Use of -Funds frcm Issue: Construction and Land Acquisition 10,931,000 Less: City Contribution <3,000,000> Interest Earned during Const. <1.1091000> Net construction frost Issue 6,822,000 Debt Service Reserve Fund 726,000 Funded Interest -0- Cost of Issuance 507,000 Principal Amount 5 8,055,000 Annual Cash :low (Beg. FY 88/89) Average Net Debt Service $ 676,000 On motion of Council Member Hinchman, Olson second, the City Council approved Seidler -Fitzgerald City of Lodi 1988 Wastewater Treatment Plant Expansion Project Financing Alternative "C", as shown above. The motion carried by unanimous vote of all Council Members present. LDBA REQUEST TO ALLOW HELICOPTER RIDES AS PART OF "DOWNTOWN DAYS" DENIED City Attorney McNatt advised the City Council that as part of the "Downtown Days" event scheduled for July 14, 15 and CC -6 16, 1988, it has been proposed that the City allow use of a CC -39 municipal parking lot in the area for takeoffs and landing of helicopters providing rides to the public. At the meeting of July 6, 1988, the City Council directed the City Attorney's office to look into the proposal and to make recommendations. Because of the short response time involved, an in depth analysis was not possible. However, City Attorney McNatt indicated that a few points deserved attention: 3 Continued July 8, 1988 Mr. McNatt spoke with Duane Ferguson, California Department of Transportation, Aeronautics Division on Thursday, July 7, 1988. Mr. Ferguson informed me that there are no restrictions placed on such operations other than a requirement that if the take off and landing site is located within 1000 linear feet of a school, whether public or private, the proposal must be inspected and approved by his office. Depending on which site was proposed for utilization as :a take off and landing area, this might be a problem since the -St. Anne's school (kindergarten through 8th grade) and the United Methodist preschool operations are both: located within that 1000 foot radius of. -certain City lots. It is unknown how long it would take CALTRANS to respond, inspect and approve such a project, but it would probably-, be. difficult to accomplish before the proposed event. In addition, the liability aspect of the proposal causes me concern. It was stated that the helicopter service carries a $1 million liability policy; however, any major accident involving one. -of the helicopters could easily generate liability far in excess of this figure. Since the service would be operating with the cooperation of the City and utilizing a municipal parking lot for landings and take offs, the City would probably be included in any lawsuit, and it is at least possible (although the probability is uncertain) that the City might be deemed liable. In summary, the City Attorney indicated that he would recommend that the Council decline the proposal for the present and allow more time to reach an informed conclusion on the matter. It is possible that all concerns stated could be addressed prior to the second annual "Downtown Days" if desired. On motion of Council Member Hinchman, Snider second, the City Council denied the request. ADJOURNMENT The meeting was adjourned at approximately 7:42 a.m. ATTEST: /u Alice M:ik'e4i m che City Clerk 4 i ADJOURNED REGULAR MEETING LODI CITY COUNCIL CITY HALL COUNCIL CHAMBERS 221 WEST PINE STREET FRIDAY, JULY 8, 1988 7:42 A.M. The Adjourned Regular meeting of the Lodi City Council was called to order at approximately 7:42 a.m. by Mayor Pinkerton:,. ROLL CALL Roll call was -recorded, by the City Clerk as follows: W Present: Council Members - Hinchman, Olson, Snider and Pinkerton (Mayor.) Absent: Council Members - Reid Also Present: City Manager Peterson, Assistant City Manager Glenn, City Attorney McNatt, and City Clerk Reimche CLOSED SESSION REGARDING LABOR RELATIONS The meeting was adjourned to a "Closed Session" regarding CC -6 1. Labor Relations CC -34 The meeting was reconvened at approximately 8:15 a.m. No formal action was taken by the City Council. ADJOURNMENT The meeting was adjourned at approximately 8:17 a.m. ATTEST: E Alice M. Reimche City Clerk:,: 1