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HomeMy WebLinkAbout2/3/2004THIS MEETING IS BEING BROADCAST LIVE BY ADELPHIA FOR AIRING ON CHANNEL 3 AND BY REMAINING IN THE ROOM, YOU ARE GIVING YOUR PERMISSION TO BE TELEVISED. THIS MEETING WILL BE RE-BROADCAST EVERY SATURDAY AT 9:00 A.M. AND EVERY TUESDAY AT 6:30 P.M. ON CHANNEL 3. NN 2004 1 2 CITY OF DIAMOND BAR CITY COUNCIL AGENDA FEBRUARY 3, 2004 Next Resolution No.2004- Next Ordinance No. 01 - STUDY SESSION: 5:00 p.m., Government Center/AQMD Room CC -8, 21865 Copley Dr. Lewis/Calvary Chapel Retail Center Update Public Comments CALL TO ORDER: 6:30 p.m. PLEDGE OF ALLEGIANCE: Mayor INVOCATION: Captain/Chaplain Tim Stromer, L.A. County Fire Department Public Affairs ROLL CALL: Council Members Chang, Huff, O'Connor, Mayor Pro Tem Herrera, Mayor Zirbes APPROVAL OF AGENDA: Mayor SPECIAL PRESENTATIONS, CERTIFICATES, PROCLAMATIONS: 1.1 Presentation of City Tile to Don Hensley, retired Parks & Maintenance Superintendent. 1.2. Introduction of new employees: Anthony Jordan, Parks and Maintenance Supervisor and Sam Ghaly, Deputy Building Official. BUSINESS OF THE MONTH: 1.3 Presentation of City Tile to Firestone Tire and Service Center as Business of the Month, February 2004 and display of Business of the Month video. CITY MANAGER REPORTS AND RECOMMENDATIONS: 3. PUBLIC COMMENTS: "Public Comments" is the time reserved on each February 3, 2004 PAGE 2 regular meeting agenda to provide an opportunity for members of the public to directly address the Council on Consent Calendar items or matters of interest to the public that are not already scheduled for consideration on this agenda. Although the City Council values your comments, pursuant to the Brown Act, the Council generally cannot take any action on items not listed on the posted agenda. Please complete a Speaker's Card and give it to the City Clerk (completion of this form is voluntary). There is a five-minute maximum time limit when addressing the City Council. 4. RESPONSE TO PUBLIC COMMENT: Under the Brown Act, members of the City Council may briefly respond to public comments but no extended discussion and no action on such matters may take place. 5. SCHEDULE OF FUTURE EVENTS: 5.1 TRAFFIC AND TRANSPORTATION COMMISSION MEETING — February 12, 2004 — 7 p.m., Government Center/AQMD Hearing Board Room — 21865 Copley Dr. 5.2 YOUTH MASTER PLAN STEERING COMMITTEE MEETING- February 6, 2004 - 11:00 a.m., Government Center/AQMD Room CC2, 21865 Copley Dr. 5.3 PLANNING COMMISSION MEETING — February 10, 2004 — 7 p.m., Government Center/AQMD Auditorium, 21865 Copley Dr. 5.4 PRESIDENT'S DAY — February 16, 2004. City offices will be closed and will reopen on February 17, 2004. 5.5 CITY COUNCIL MEETING — February 17, 2004 — 6:30 p.m., Government Center/AQMD Auditorium, 21865 Copley Dr. 6. CONSENT CALENDAR: 6.1 CITY COUNCIL MINUTES — Study Session of January 6, 2004 — Approve as submitted. Regular Meeting of January 20, 2004 — Approve as submitted. Requested by: City Clerk 6.2 PLANNING COMMISSION MINUTES — Regular Meeting of December 23, 2003 - Receive and file. Requested by: Planning Division February 3, 2004 PAGE 3 6.3 PARKS & RECREATION COMMISSION MINUTES — Regular Meeting of November 20, 2003 - Receive and file. Requested by: Community Services Division 6.4 WARRANT - Approve Warrant Register dated January 22, 2004 and January 29, 2004 in the amount of $1,835,086.61. Requested by: Finance Division 6.5 TREASURER'S STATEMENT - month of December 2003. Recommended Action: Review and approve. Requested by: Finance Division 6.6 APPROVE JOINT USE AGREEMENT WITH DIAMOND BAR LITTLE LEAGUE FOR CITY USE OF LITTLE LEAGUE COMPLEX AND APPROPRIATION OF $20,200 FROM GENERAL FUND RESERVES TO FUND PAYMENT. Recommended Action: Approve. Requested by: Community Services Division 6.7 APPROVE INCREASE IN CONTRACT AMOUNT FOR CITY PROSECUTOR SERVICES PROVIDED BY DAPEER, ROSENBLIT & LITVAK, LLP. Recommended Action: Approve. Requested by: Planning Division 6.8 LEGISLATIVE MATTERS — PROPOSITIONS 57 AND 58 (a) ADOPT RESOLUTION NO. 2004-07 SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY BOND ACT — A STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT. Recommended Action: Adopt Resolution. (b) ADOPT RESOLUTION NO. 2004-08 SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT. Recommended Action: Adopt Resolution. Requested by: City Manager February 3, 2004 PAGE 4 7. PUBLIC HEARINGS: 8. COUNCIL CONSIDERATION: 9. COUNCIL SUB -COMMITTEE REPORTS/COUNCIL MEMBER COMMENTS: 10. ADJOURNMENT: CITY OF DIAMOND BAR CITY COUNCIL STUDY SESSION JANUARY 6, 2004 STUDY SESSION: Mayor Zirbes called the Study Session to order at 5:05 p.m. in Room CC -8 of the South Coast Air Quality Management District/Government Center, 21865 Copley Dr., Diamond Bar, CA. Present: Council Members Chang, Huff, O'Connor, Mayor Pro Tem Herrera and MayorZirbes. Also Present were: Linda Lowry, City Manager; Mike Jenkins, City Attorney; James DeStefano; Deputy City Manager; David Doyle, Deputy City Manager; David Liu, Director of Public Works; Bob Rose, Community Services Director; Linda Magnuson, Finance Director; Nancy Whitehouse, Executive Assistant; Ann Lungu, Associate Planner; Fred Alamolhoda, Senior Engineerand Lynda Burgess, City Clerk. Construction Bond Financing Discussion (Kosmont) Election/Temporary Signs Public Comments 1) CONSTRUCTION BOND FINANCING DISCUSSION (KOSMONT) CM/Lowry explainedthat at the last study session, the bond financing plan that was accepted a year ago was reviewed. She indicated that it was determined that there was a need to learn more about the letter of credit that was issued, how it fit into the financing structure and what possible options the City might have in the future to be able to eliminate that ongoing cost. At Council' sdirection, she stated that staff contacted Mr. Larry Kosmont (Kosmont and Associates) and Mr. Eric Scriven (U.S. Bancorp/Piper Jaffray) who prepared information about the financing, the letter of credit and future options for the City about how the City might want to budget in the future and address the question about early pay down as well as optionsfor using the letter of credit. Mr. Kosmont reported that there are a number of alternatives available to the City. He explained that he and Eric both felt that the timing of the bond issue last December was probably impeccable from the City' s standpoint. He said that the City managed to capture low interest rates which prevailed through the year and, based on the Council' sdecision to choose a variable rate, resulted in a significant interest rate savings because the market really achieved record lows through the whole year. Further, he said that the City beat what has become a torrent of state problems a nd missed some of the congestion points in the marketplace due to the uncertainty of the state having issued bonds, then not issuing them, then going through a recall, then being downgraded. He felt that the City timed the window of opportunity perfectly both in terms of bond activities, the creditrating, concerns about California, the environment in and of itself and then through interest rates. Throughoutall that, the City JANUARY 6, 2004 PAGE 2 CC STUDY SESSION was able to issue $13,755,000 worth of bonds and protected its reserves which he felt was also a very fortuitous decision because nothing has been decided at the State level in terms of preserving the VLF or back- filling it, the level of back -fill, the permanence of back -fill and all the issues surrounding local government tax revenues as subvened by S tate. He pointed out that another victory by the City is that the Community Center is very close to being finished and will have its own set of operating revenues and expenses. He stated that the City still has $25,000,OOOor more in its pocket that are not hampered by the current financial milieu that is affecting all cities. He referred to Page 2 of his handout containing an outline showing the lease revenue bond facts, the City' s budgeting issues around paying the semi-annual payments and the Letter of Credit. The City pays for a variable bond that provides the City certainty that there are funds availableto pay the short interest rate. He explained that it was originally estimated that the variable interest rate would be at 3.5% but the City achieved a level of approximately 1.09% for the last year which saved the City nearly $500,000 in pure costs. He offered that the City now has choices regarding how to budget for the expenditures to sustain the current scheme, on cashing it in and choices on self-financing a variable cushion. Regarding Page 3, he indicated that the original program objectives were to preserve some capital, fund the community center and minimize the cost of capital which worked well with the low interest rates. Further, he explained that on Page 4, one of the objectives in preserving capital was to enable staff to engage in real estate transactions to fulfill a an economic development strategy. He stated that the City gained additional leverage for in volvementin the real estate market to allow transactions that will bring in future revenue. He reminded everyone that the initial bond principal was $13,775,OOOthirteen months ago with a final maturity date of 2033. He explained that the variable rate bond for 10 years with a 4.5% interest rate cap carries with it an integral Letter of Credit which is the real pool of cash. He further pointed out that, because the rates have been low. the City hasn' shad to pay a surplus or a penalty for that caa. Mr. Kosmont referred to Page 6 of his handoutand indicated that the City has some cushion in marketplace performance and could establish internal controls on budgeting to accelerate payment of the bonds in the future. Mr. Scriven reported that the City paid Union Bank and CaISTRS a fee to provide liquidiV and creditvia the Letter of Credit. He explained that, in order for investors to have confidence in the variable rate feature, it is essential that they have weekly liquidity. Regarding the credit feature, he explained that that is in case the City defaults, a larger financial institution will be behind it and the portion of the annualfee that is being paid to the two banks or the two financial institutions goes to the credit supportto stand behindthe City. JANUARY 6, 2004 PAGE 3 CC STUDY SESSION C/Chang explained that that was the main reason the City invited Mr. Scriven and Mr. Kosmont because the Council didn' treally know exactly why that credit was needed. He asked why the City needs the Letter of Credit, at an annual cost of $150,000, when there are $20,000,000 in reserves providing the ability to pay off the bond. M/Zirbes stated that he felt the Council knew the fees up front. He stated that whenever a Letter of Credit is opened, new fees will be established. He felt that the Council was not really focused on the fact that there was going to be an annual charge of $150,000 for the two instruments. Mr. Scriven responded that first, $13,755,000 is a very small bond issue for variable rate structures. He explained that investors are typically looking for $30,000,000 to $50,000,000 to invest in on a weekly basis and they want to deal with known institutions. Diamond Bardid not have any debt in the marketplace and was an unknown even though the balance sheet was very good. He felt that the City could obtain a rating in the high A' s,perhaps a low AA rating. He said it might give the City the opportunity to test the waters to provide its own liquidity, b utthere are costs to providing liquidity. He reported that one of the costs would be that the marketplace would demand that the City dedicate some of its liquid cash (money in the bank) to the repayment so that everything is in place for a turn -around on a day's notice to get the money to the financial institutions. He estimated that the fund dedication would probably be in the range of 1'/2 to 2 times the outstanding balance. Mr. Scriven further explained that there are two pieces the City is paying for — liquidity and credit support. He stated that the payment is approximately 110 basis points of outstanding par for liquidity. The fee will decline as the balance declines He said that, ofth e 110, approximately 25 to 30 basis points are paid for the liquidity to Union Bank/CaISTRS while the other 75 basis points are for credit support. He explainedthat in the current marketplace, credit support and liquidity cannot occur with a credit rating under AA. He said that Union Bank does not have an AA rating so CaISTRS is providing back up. He reported that there are lots of AAA and AA banks that provide singular letters of credit without a confirming letter of credit behind them. In looking back to December 2002 when the transaction was being underwritten, U.S. Bancorp/Pipe Jaffray talked to a lot of different market players and discovered that there were a couple of things that were working againstthe City which included being a first-time issuer. He stated that the City' s financials were extremely strong, but being a first-time issuer with a transaction that is small for the variable rate marketplace did not work in the City' s favor. He stated, however, that the bid and the fee that the City is paying is a good fee because it' sbased on the profile that Council wanted to take and the strategy undertaken. He reported that options are now available because the Diamond Bar Center is nearing completion so the construction risk will JANUARY 6, 2004 PAGE 4 CC STUDY SESSION soon be eliminated; the City now has a history in the marketplace and other markets are available that have emerged in the last 12-15 months for issues of this size. C/Chang understood that the City was basically punished because, even though it' sfinanciallysolid, the City didn' have any credit history. Mr. Scriven responded that strong financials could overcome a first-time borrowing situation, but that the current market demands names that are recognizable. C/Chang asked whether having a letter of credit would be avoidable? Mr. Scriven explainedthat other options are available to the City but they would depend on whether the City' sstrategy would continue in its current direction. He stated that the City' sstrong surpluses make it very attractive given that most other cities are doing poorly, thus this is very good if the City wants to get a better deal. Mr. Kosmont stated that the City could look into converting from a Letter of Credit into an auction -rate bond structure. C/O' Connorasked whether, since Union Bank is not AA rated, are there other banksthat are AA rated? Mr. Scriven responded that there are also banks rated AAA and that it would have been less expensive to have accomplished the transaction with an AA or AAA bank. He stated that CaISTRS backing would not have been necessarywith a higherrated bank. Mr. Scriven explained that numerous AA and AAA banks were contacted regarding the offer but the bond amount was too small for many of them. He further stated that it was late in the year, many had hit their allocation ceilings and several were nervous about California generally. C/O' Connorasked if it would be possible now to change to a bank with a better rating? Mr. Scriven responded that he would recommend doing just that. Since the construction has not been completed yet, and since the City just paid an annual fee, he recommended discussing the matter again mid -year regardless of the strategy the Council is interested in implementing. The Council can then consider upgrading the overall Letter of Creditprogram, looking into the feasibility of self -liquidity, discussing whether a fixed rate ora uction-rate structure would be more advantageous rather than a variable rate. JANUARY 6, 2004 PAGE 5 CC STUDY SESSION Mr. Kosmont agreed that it would be better to finish construction on the D.B. Center before looking into changing strategies. He pointed out that the interest rate market is still working for the City right now. M/Zirbes felt that the product being used at this time has worked better than anticipated considering the low interest rate. He stated that the Council was surprised atthe last study session regarding the $150,000 annual Letter of Credit fee. He agreed that there will be a cost to changing the financing structure. Mr. Scriven pointed out that there' sno cost to get out of the situation because the City has complete pre -payment flexibility. He said that the flexibility is fairly standard in variable rates so the City can pay off the bond with the money currently in the bank with no penalty. However, he stated that with a restructuring of the transaction and the type of deal negotiated, legal costs would apply as well as underwriting costs to resell and restructure it. Further, he said that there was a potential for some credit enhancement costs. Mr. Kosmont stated that the City would not be restructuring unless a net savings could be realized. C/Chang stated that he personally felt that the City is on the right track and that itis not wise to pay off the bond at this time especiallysince so much was spent to build up the credit and the City could use the funds for some other development. Regarding the annual Letter of Credit cost of $150,000 every year, he asked if there would be a way to avoid that cost or reduce it. Mr. Scriven explained that on Page 8 of the handout, three very straightforward alternatives are outlined. He stated that there are different strategies based on the City' s choice to stay flexible for 2 to 3 years or flexible for 5 years. He stated that a packet would be given to CM/Lowry about providing liquidityand getting a rating on the City. He said he would like to follow up and discussthe liquidity issue. He suggestedthat the City should rate a high single A or even AA with its current financial situation and with an AA rating, the City may be able to provide its own credit. He pointed out that if the City needed to keep some sort of credit facility behind it, it would cost a fair amount per year depending on the way it is structured. If the Council is interested in self -liquidity, there are costs for a dedication of funds creating flexibilitywhich remains as long as the bonds are outstanding. He suggested that if the City had an emergency and the funds are neededfor a temporary use, the covenants cannotbe broken on the transaction. Mr. Kosmont explained that some cities have gone too far with pledges and when they needed the money for another use, they couldn'.t He said JANUARY 6, 2004 PAGE 6 CC STUDY SESSION that the credit rating issue is important for the City and that he should help acquire it because the credit can add savings to a transaction in a public/private partnership. Regarding providing liquidity, he stated that the City would want to be comfortable with the constraints of the liquidity because removing some of the layers of pledges cannot be removed quickly enough or inexpensively enough. He explained that Mr. Scriven was saying was that the range of flexibility will increase or decrease based on the City' scredit rating. Mr. Scriven explained that in researching the costs associated with the Letter of Credit, he discoveredthat there aren' transactions the size of the City' sthat have self liquidity. In response to Mr. Hennessee, Mr. Kosmont explainedthat the City would be providing its own debt coverage instead of paying for it with a Letter of Credit, which would lower the cost each borrowing year. In reply to CM/Lowry, Eric stated that the current fixed rate for a 30 year— AAA transaction is approximately 4.75%. Mr. Kosmont suggested that, in order to be cautious, the rate should be considered at 5%. Mr. Scriven reported that the third option shown on Page 8 of the handout is a relative new structure called an "auctior+rate structure" which is very similar to a variable rate. He explained that the most common rate type of auction rate transaction is a 35 -day reset or auction versus the most common variable rate at a 7 -day reset and they trade at about 5-10 basis points higher than the 7 -day. Further, he stated that with an auction rate, the need for a liquidity provideris eliminated because the transaction is cleared every 35 days with the auction. He said that the City would need to purchase a municipal bond insurance policy and that, using a AA ratin g and not purchasing bond insurance for this size of transaction could still be problematic. I f the City were to get a AAA insurance policy, the City would pay that cost and the annualized cost ofth e policy plus 10 basis points premium on the 7 -day. He said that the auction costs would be approximately50 basis points versus the 110 basis points paid by the City right now. The same type of pre -payment optionswould exist and there would be no cost to get out of the current structure. He said that there would be some costs to get into the newtransaction. The insurancepolicy would be priced on the City of Diamond Bars regular underlying rating — high A or low AA-, or AA and that would make a very economical bond insurance policy. He further stated that there would be some legal costs for underwriting but the fee would be lower because the transaction was just structured within the last year. There would also be other costs of insurance for restructuring. JANUARY 6, 2004 PAGE 7 CC STUDY SESSION CM/Lowry asked if the City would lose all the value of the cap purchase last year? Mr. Scriven explained that the cap would stay in place and it is an asset, not an expense. The City actually purchased a contract which could be sold back to J.P. Morgan for its value. The value of th a cap goes up if rates go up. He stated that rates have gone down slightly from 5.0% to 4.75%so ithas been amortized by1/10thplus the capwhich carries forward to whatever auction or variable rate deal the City ends up with or it could be sold. He said thatthe City might also trade the cap, shorten itto five years or restructure the transaction dependingon the City' sstrategy. CM/Lowry wondered why the contract for the cap would have value to anybody other than the City when the contract — isn' tit made between the City and J.P. Morgan and the City' sability to do business? She felt that this subject might be one for discussion at another Study Session. Mr. Scriven replied thatthe contract is insurance essentiallyand there' sa large part of it that J.P. Morgan is o n the hook for that has not been amortized. C/Chang stated that none of the alternatives seem to fit the City right now. Mr. Scriven explainedthat anotherscenario would be to re -bid the existing situation after the Diamond Bar Center is completed. He said that the City would have approximately a year and a half after construction so the rating would probably reach A+ or AA- leading to a successful re -bid for another Letter of Credit. M/Zirbes stated that that would leave the City in basically the same position but with a lower annual cost. He felt that the City should explore the other alternatives. Mr. Kosmont pointed out that the construction phase needs to be completed before re-evaluatingthe City' salternatives. CM/Lowry reiterated that the auction option would keep the bond on the market 5 times longer since it can only be turned around every 35 days instead of every week. Mr. Scriven affirmed CM/Lowry' sstatement and said that the key features of an auction rate are the same as the variable rate but lower in cost. He stated that if the City went with an auction rate structure, paying it off in one year would not be beneficial. It would take the City 2-3 years to recoup its costs. He said that the insurance would cover the issue if the City were to keep it outstanding for 30 years. He recommended that the Council reassess what they want to go and, based on that, he would JANUARY 6, 2004 PAGE 8 CC STUDY SESSION research the liquidity issue. He asked if the City wanted to drop the subject of a fixed-rate alternative. M/Zirbes asked the Council if they would be interested in self -liquidity and utilizing the City' sown money? C/O' Conno- felt that the numbers would have to be available before the Council considersthe matter. MPT/Herrera stated that she would not be in favor of the City hanging on to the $13.7 million debt. C/Chang suggested that the City keep the current status and look into re- bidding after the construction of the Center is completed: M/Zirbes felt that if the Council understood the cost factors involved, a strategy could be devised that would clarify where the City should be when the cap expires in 10 years. He suggested the auction rate strategy should be looked into in the nearfuture. C/Chang said that the costs of the Letter of Credit then, are the costs of being in business. Mr. Kosmont verified C/Chang' sstatement. CM/Lowry pointed out that the City is still making money with the 2% interest on the Letter of Credit versus approximately 1 1/2% paid out. C/Chang felt that the issue should be reviewed with the City Council every year. Mr. Scriven suggested that the issue be agendized for discussion early each fiscal year since the anniversary date is in December so that the decision can be made whether to s tay with the present structure or change it. Mr. Kosmont also suggested that there would be a huge benefit to the City to look into its credit rating soon after the construction is finished and the payments are made. Mr. Scriven stated that he had checked on that and the City could do it for a fairly reasonable amount which would be under 10, potentially at $5,000. Mr. Kosmont suggested that another meeting should be held in late Spring. He said that he and Mr. Scriven would prepare a small summary and send it to the City Manager. JANUARY 6, 2004 PAGE 9 CC STUDY SESSION Mr. Scriven stated that even though no prediction can be given on the rate of the Letter of Credit since it will depend on the market, but he could provide some indications for the Council. M/Zirbes stated that the Council consensus indicated agreement to meet again with the consultants at the end of Spring. Council consensus was to continue this matter to a later date for consideration but asked to view the slide presentation prepared by staff. DCM/DeStefano explain ed that Council asked to re -visit the issue approximately a year ago because of concerns regarding aesthetics and distractions to motorists by signs in rights-o�way. He reminded Council that a goal had been established in the beautification plan section of the Goals and Objectives to deal with election signs. He reported that, priorto review by the Planning Commission in early 2003, the City Attorney made recommendations based on case law. Further, he said that staff conducted surveys of other cities, selected approximately 12 and compared them to the City' s process. The Planning Commission reviewed the issue and last August recommended that no changes be made to the policy. The matter was brought back to the City Council in September and because oft he proximity to the election, the Council directed staff to bring it back after November. He explainedthat the slides being shown were photographs taken November 4, 2003, Election Day and went on to describe each slide. DCM/DeStefano reported that the current sign regulations are in an all- encompassing section of the code called "Temporary Signs" which addresses not just campaign signs but signs advertising other activities that occur in the next few weeks. In addition some types of temporary signs are included such as yard sale signs and some other types of signage. He reiterated that the Planning Commission said that they didn' t see a need to make any changes but were concerned about couple of aspects of the recommended changes. He said that one of their concerns is that the recommended changes attempt to deal more closely with current philosophies and the result of some court cases and seemed to deal more with the issue of getting the signs out of the right-of-way. Concerns expressed by members of Council and some residents involve the proliferation of signs in the right-of-way to the extent that it looks horrendous during election time. Some cities, Walnut for example, strictly prohibit signs in the right-of-way. He said that about 8 out of the 12 cities looked at by staff prohibit signs in the right-of-way. Brea, on the other hand, encourages signs in the right-of-way and on light poles, etc. He pointed out that the City has a 30 -day requirement before an election during which election signs can be placed. He said that in making a JANUARY 6, 2004 PAGE 10 CC STUDY SESSION recommendation in line with what other cities are doing and from case law, would be to expand that to as much as 60 days. C/O' Connorasked if DCM/DeStefano was talking about the public right of way or private property. DCM/DeStefano explainedthat he meant both public and private. C/O' Connorexplained that she thought campaigns were placing signs on private property about 60 days in advance so the recommendation would be to change posting of signs in both public and private areas to 60 days in advance of an election. CA/Jenkins responded that the recommended languagewould be to notto allow signs on the public right-of-way at all so the 60 days would only applyto private. DCM/DeStefano reported that the Planning Commission liked the areas where signage restrictions were more restrictive than relaxed. For example, he said that the Commission did not like the recommendation that signs be allowed to be posted 60 days in advanceand seemed to be more comfortable with getting the signs out of the right-of-way and only allowing them on private property. He further reported that one of the areas looked at by the Commission would be the possibility of reducing the square footage of signs so instead of having six square foot signs perhaps they should be limited to five square feet, particularly in residential zones. He said that, on the other hand, the Commission seemed to support the idea of allowing up to 12 feet, which is somewhat an arbitrary number, in commercial and industrial zones. In response to C/O' Connor' squestion regarding the size of signs placed by C/Huff and MPT/Herrera in the last election, C/Huff stated that the size was approximately 22 x 24. C/Huff asked C/O' Connorto explain the types of changes she would like to see. C/O' Connorstated that if candidates are not allowed to use the public right-of-way, that she was concerned that the signs would end up on private property slopes, for example, D.B. Blvd. between Lorbeerand Tin Dr. rather than in tree wells. She said she felt that homeowners on the tops of the slopes would not remove the signs even though they had not given permission for the signs to be located on their property. She further stated that she would like to see some sort of penalty attached to the improper placement of signs but admitted that that would be problematic because other parties could take down legally -placed signs and move them to illegal locationsjustto penalizean opposing candidate. She JANUARY 6, 2004 PAGE 11 CC STUDY SESSION suggested that in the staff recommended amendment, section (5) f be amended to read "Wherea sign is erected on a vacant lot, or in a multi - tenant commercial center or in a location of a residential lot that is not visible from the residence, the candidate causing the sign to be erected must have written permission from the property owner on file with the City. Further, she suggested designation of certain corners in the City where signs would be allowed and each campaign would be allowed to place one sign per corner. She wondered whether this type of limitation would violate First Amendment rights. CA/Jenkins reminded Council that this area of the law is very heavily constrained by First Amendment considerationsand reported that a great deal of what Council would like to do cannot be done. He pointed out that currently, the entire public right-of-way is designated as a public forum for the erection of signs of all kinds but he felt that the City could reduce open signage to only specific areas. He further felt that the City has more flexibility when dealing with the number of days in advance of an election for posting signs on public property than with private property because a property owner is allowed to express himself on election issues and the court seems to think that allowing 60 days in advance for posting election signs on private property is justified. C/O' Connorstated "Sowe could designate24 inches.." CA/Jenkins responded that that could be done. He stated that C/O' Connor' s;omments reflected that she was searching for a way within the constraints of case law to deal with the slopes issue and the commercial parking lot issue and the vacant property issue. He pointed out that the City cannot require campaigns to get property owner permission on file in advance but if City staff were to ask for evidence of the property owner' spermission and they don' thave it, then staff could remove the sign(s) in question. C/Huff stated that putting up signs is not the most effective way to get the message out. He said he would not be against eliminating permission for signs to be placed in the public right-of-way and pointed out that the City of Walnut has a very aggressive enforcement programwhere signs are placed on private property but there is not a plethora of signs plastered all over the place. Further, he stated that the City of Chino Hills also has very effective controls with no public right-of-way issues. He stated that he' do come to the conclusion that the City' sregulations should be tightened up, if possible. CA/Jenkins reported that there is case law prohibiting cities from forcing candidatesto produce written permission priorto being allowed to put up their signs. JANUARY 6, 2004 PAGE 12 CC STUDY SESSION C/Chang recommended that the City remove permission for signs to be placed in the public right -of-way, not designate certain areas for placement of signs and not allowsigns to be placed on vacantprivate lots. MPT/Herrera stated that the proliferation of signs do not botherher. M/Zirbes stated that it appeared as though further discussion would be in order but that he wasn' tsure whether it should take place at this meeting. He suggested that the matter be placed on a future study session so that more time could be devoted to it. He felt that staff had received direction from Council on what they like and where they want to be able to move with the regulationsin anotherstudy session. DCM/DeStefano stated that staff has notes regarding Council' sthoughts but that there wouldn' the enough time atthis meeting to develop a consensus. If Council wishes, the matter can be scheduled for further discussion at another time. He said he felt that staff would need more of a direction from the entire Council in order to know how to amend the current regulations. C/O' Connorasked if Council would agree to have staff come up with designated areas? C/Huff stated that he was in agreement with that and suggested that perhaps the corner of some park sites would be suitable. C/O' Connorrequested staff to go through some of the major arterials and see what they would recommend while limiting the placement to one sign per candidate. She felt that if the City designated only 20 places for the signs, the candidate would only have to order 20 signs. C/Huff suggested that the matter be included in the regular City Council Agenda as well as on the Study Session Agenda for the same meeting. ADJOURNMENT: With no further business to co nduct, M/Zirbes adjourned the Study Session to the regular meeting at 6:29 p.m. LYNDA BURGESS, City Clerk JANUARY 6, 2004 PAGE 13 CC STUDY SESSION The foregoing minutes are hereby approved this 2nd dayof February, 2004. ATTEST: BOB ZIRBES, Mayor Agenda No. 6.1 MINUTES OF THE CITY COUNCIL REGULAR MEETING OF THE CITY OF DIAMOND BAR JANUARY 20, 2004 STUDY SESSION: Mayor Zirbes called the Study Session to orderat 5:37 p.m. in RoomCC-8 of the South Coast Air Qu alityManage mentDistrict/Government Center, 21865 Copley Dr., Diamond Bar, CA. Present: Council Members Chang, Huff, O' Connor,Mayor Pro Tem Herrera and Mayor Zirbes Also Present: Linda Lowry, City Manager;Greg Kovacevich, Assistant City Attorney; J im De Stefano, Deputy City Manager; David Doyle, Dep uty City Manager; David Liu, Public Works Director; Bob Rose, Community Services Director; April Blakey, Public Information Manager;Nancy Whitehouse, Executive Assistant; Ann Lungu, Associate Planner; Sara West, Recreation Supervisor; Fred Alamolholda, Senior Engineer; Sharon Gomez, Senior Management Analyst; Jim Clarke, Consultant, Leticia Pacillas, L. A. County Fire Protection District and Lynda Burgess, City Clerk. Update on Diamond Bar Center Grand Opening Event Plans City of Industry Business Center Project Public Comments RECESS: M/Zirbes recessed the Study Session at 6:20 p.m CALL TO ORDER: MayorZirbes called the regular City Council meeting to order at 6:34 p.m. in the Auditoriumof The Government Center/SCAQMD, 21865 Copley Dr., Diamond Bar, CA. At the request of M/Zirbes, CM/Lowry announced that during the Study Session, staff presented a review of the progress made and planning for the grand opening of the Community Center. She said that there were questions about prospective costs and staff needed direction from Council about some of the details regarding the dinner. She reported that staff received that direction from Council and will proceed with the event in accordancewith the budgetas ithas been prepared and included in ourbudgetdocument. She further reported that a presentation from staff regardingthe City of Industry Business Park was scheduledto take place at the Study Session but, due to time constraints, that presentation was continued until after the regular business meeting. PLEDGE OF ALLEGIANCE: The Pledge of Allegiancewas lead by C/Connor. INVOCATION: The Invocation was given by Pastor Bob Stebe, Northminster Presbyterian Church. ROLL CALL: Council Members Chang, Huff, O' Connor,Mayor Pro Tem Herrera, Mayor Zirbes. JANUARY 20, 2004 PAGE 2 CITY COUNCIL Also present: Linda Lowry, City Manager; Mike Jenkins, City Attorney, Jim De Stefano, Deputy City Manager; David Doyle, Deputy City Manager; David Liu, PublicWorks Director; Bob Rose, Community Services Director; Linda Magnuson,Finance Director and Lynda Burgess, City Clerk. APPROVAL OF AGENDA: CM/Lowry requested that Item 6.8(a) be removed from the agenda which is a request to approve a purchase orderin the amount of $37,000 for armchairs for the community center. She said that after preparation of the agenda, staff obtained another bid allowing the City to purchase the chairs underthe City Manager' s purchasing authority of $25,000. SPECIAL PRESENTATIONS, CERTIFICATES, PROCLAMATIONS: BUSINESS OF THE MONTH: 1.1 Presented a City Tile to Dennis Tarango, President, D & J Municipal Services, as Business of the Month, January 2004 and displayed Business of the Month video. 2. CITY MANAGER REPORTS AND RECOMMENDATIONS: CM/Lowry introduced Mr. Greg Kovacevich, associate to City Attorney Mike Jenkins andwelcomedhimto D.B. 3. PUBLIC COMMENTS: Jeanette Betts, Preside ntel ectof the D.B. Rotary Club, reported on an upcoming fundraiser which would potentially provide the Club the means to be involved in more community projects. She introducedclub member Bill Longacre to provide the event details. Bill Longacre stated that the organization that the Rotary Club will be working with is called VARA, Vintage Auto Racing Assn. and that a race is scheduled to be held February 14-15 in the Ontario Motor Speedway. Rotary has been given the opportunity to sell tickets to the eventwith the entire proceedsof the ticket sales to be retained by Rotary and its partnerorganization,the Walnut/Diamond BarYMCA. He described this as a world class event involving vehicles from Formula 5000 to Formula Atlantic, Formula V, SuperV and mini-coopersfrom the Vintage years.The vehicles are required to be over 20 years of age. He explained that tickets are being sold for $10 for the two-day event and are available at PFF Bank, the Walnut/Diamond Bar YMCA and from members of Rotary. Marie Bucklandthanked Wen and Mei Lien Chang for their work with the Chinese American organizations and the amount of time spentsupporting our troops. She said that, through their efforts, local residents are more aware that there are a number of Chinese -Americans serving in ourarmed forces. She asked the City to take similar steps in supporting the troops as other cities have taken. JANUARY 20. 2004 PAGE 3 CITY COUNCIL 4. RESPONSE TO PUBLIC COMMENTS: None Offered. 5. SCHEDULE OF FUTURE EVENTS: AS LISTED ON THE PREPARED AGENDA. 6. CONSENT CALENDAR: Moved by MPT/Herrera,secondedby C/Changto approve the Consent Calendar excluding Item 6.8. Motion carried by the following Roll Call vote: AYES: COUNCIL MEMBERS - Chang, Huff, O' Connor MPT/Herrera, M/Zirbes NOES: COUNCIL MEMBERS - ABSENT: COUNCIL MEMBERS - None 6.1 CITY COUNCIL MINUTES —Regular Meeting of January 6, 2004 — Approved as submitted. 6.2 TRAFFIC &TRANSPORTATION COMMISSION MINUTES —Regular Meeting of November 13, 2003— Received and filed. 6.3 APPROVED WARRANT REGISTER —dated January 8, 2004 and January 15, 2004 in an amount totaling $1,284,915.69. 6.4 APPROVED APPROPRIATION FROM LLAD39 RESERVES TO PAY FOR EMERGENCY WORK PERFORMED ON V -DITCH ABOVE PANTERA DRIV E BY MCE CORPORATION IN THE AMOUNT OF $9,000. 6.5 ADOPTED RESOLUTION NO. 2004-03 APPROVING INSTALLATION OF STOP SIGNS AND A CROSSWALK ON MONTEFINO AVENUE AT PASEO DE TERRADO. 6.6 APPROVED AGREEMENT WITH NAKOMA GROUP FOR MANAGEMENT AND CONSULTING SERVICES FOR THE CITY' S INFORMATION SYSTEMS DEPARTMENT IN AN AMOUNT NOT TO EXCEED $45,000. 6.7 (a) APPROVED APPROPRIATION OF $300,000 FROM UNAPROPRIATED PROPOSITION C FUND BALANCE, APPROVED PLANS AND SPECIFICATIONS AND AWARD CONTRACT FOR TRAFFIC SIGNAL INSTALLATION AT GO LDEN SPRINGS DRIVE/ADEL AVENUE AND GOLDEN SPRINGS DRIVE/HIGH KNOB ROAD TO NEW WEST SIGNAL IN THE AMOUNT OF $254,130AND AUTHORIZED A CONTINGENCY OF $45,865 FOR CONTRACT CHANGE ORDERS TO BE APPROVED BY THE CITY MANAGER. (b) APPROVED APPROPRIATION OF $32,000 FROM UNAPROPRIATED PROPOSITION C FUND BALANCE, APPROVED A CONTRACT AMENDMENT WITH WARREN C. SIECKE FOR JANUARY 20. 2004 PAGE 4 CITY COUNCIL INSPECTION AND CONSTRUCTION MANAGEMENT SERVICES FOR THE GOLDEN SPRINGS DR. AT ADEL AVE. AND AT HIGH KNOB RD. TRAFFIC SIGNALS PROJECT IN THE AMOUNT OF $26,600 AND AUTHORIZED A CONTINGENCY AMOUNT OF $5,400 FOR CHANGE ORDERS TO BE APPROVED BY THE CITY MANAGER. 6.8 PURCHASE OF FURNISHINGS FOR THE DIAMOND BAR CENTER: (a) ARM CHAIRS AND DOLLIES FROM KRUEGER INTERNATIONAL FOR THE SENIOR ROOM IN AN AMOUNT NOT TO EXCEED $37,754.46. — REMOVED FROM THE AGENDA. (b) APPROVED PURCHASE OF BANQUET CHAIRS AND DOLLIES FROM BERTOLINI, INC. IN AN AMOUNT NOT TO EXCEED $28,946.12. 6.9 ASSESSMENT DISTRICTS: (a) ADOPTED RESOLUTION NO. 2004-04 ORDERING THE CITY ENGINE ER TO PREPARE AND FILE A REPORT RELATED TO MAINTENANCE OF PUBLIC IMPROVEMENTS IN ASSESSMENT DISTRICT NO. 38 AND ANY ASSESSMENT THERON FOR FY 04-05. (b) ADOPTED RESOLUTION NO. 2004-05 ORDERING THE CITY ENGINEER TO PREPARE AND FILE A REPORT RELATED TO MAINTENANCE OF PUBLIC IMPROVEMENTS IN ASSESSMENT DISTRICT NO. 39 AND ANY ASSESSMENT THEREON FOR FY 04-05. (c) ADOPTED RESOLUTION NO. 2004-06 ORDERING THE CITY ENGINEER TO PREPARE AND FILE A REPORT RELATED TO MAINTENANCE OF PUBLIC IMPROVEMENTS IN ASSESSMENT DISTRICT NO. 41 AND ANY ASSESSMENT THEREON FOR FY 04-05. 6.10 APPROVED AN AGREEMENT WITH BUSINESS TELECOMMUNICATION SYSTEMS, INC. FOR ANEW CITYWIDE PHONE AND VOICE MAIL SYSTEM AND CONSULTING SERVICES IN AN AMOUNT NOT TO EXCEED $68,000. 7. PUBLIC HEARINGS: None JANUARY 20, 2004 PAGE 5 CITY COUNCIL 8. COUNCIL CONSIDERATION: None 148,�9161111,1[oil 01=1 =E:3 107:4&K9011111,1[oilMLTAI4LM 3=IZZKOV1VAI=1ilk&5 C/Chang reported that the Lunar New Year would begin on February 215` and wished everyone in the Asian community a peaceful and prosperous New Year in the year of the monkey. He thanked Mrs. Buckland for her kind comments regarding supportofthe troops and stated that he andothers created a coalitionto raise funds to provide the troops personal care or other convenience productsfor the soldiers on the front lines. He said that products like Wet Ones, gloves, chopsticks, hand lotion, and chap stick are packed in zip lock bags and shipped overseas— mostly to Iraq. He explained that $25 to $35 needs to be raised in additionalfunds for postage costs. He thanked each community member who has helped with this project and wished all the best to the parents with soldiers on the front line. C/O' Connorannouncedthat letters were recently sentto a117 1h, 91h and 11`h graders residing in D.B. asking them to participate in a survey relating to the Youth Master Plan to be conducted at their schools. The survey is intended to give the Youth Master Plan Committee the pointof view from the youth as to what needsthe City should fulfill for them. She encouraged everyone to participate and have the forms signed by their parents for return to the City. She announced that several vacancies will exist on the Diamond Bar Community Foundation in February and encouraged all interested individuals to volunteer and get involved with the community. She explained that the biggest project that the Foundation has worked on is the sale of commemorative tiles to be placed at the new D.B. Center. She further announced that potential vacancies will also exist on the Planning Commission, Traffic & Transportation Commission and Parks and Recreation Commission. C/O' Connoralso announcedthat a newmonumentto WWII veterans will open in Washington D.C. in May. She said that while all of the tickets have been sold already, there will be aWWll registry on-linewhere personscan register and describe how he or she participated in the war. She recommended that individuals interested in visiting the memorial contact Congressman Miller' suffice foranarranged tour of the monument or otherfacilities. She extendedhappyLunar New Year wishes to all who celebrate the event. C/Huff reported that three Council Memberswentto Sacramentothe previousweek on a legislative tour. The Council Members also made contact with some of the staff and board members that review the grant application process for the City' s library bond grant application. He announced that DCM/Doyle delivered the application to the bond board last Thursday. At that time; only14 otherapplications had been delivered. He stated that Mr. Doyle discovered that by the time the filing deadlinepassed,72 applicationshad been submitted. He describedthe process as beingvery competitive and the staff and board members visited seemed impressed that D.B. City Officials took the time to go to Sacramento and learn more aboutthe JANUARY 20, 2004 PAGE 6 CITY COUNCIL process. He stated that only aboutone in five applicants receive grant money. He also wished everyone celebrating the Lunar New Year a happy one. MPT/Herrera also commented aboutthe visit to Sacramento and the meeting with the staff and board members reviewing the grant applications. She also stated that they seemed very impressed that City Officials were committed to the grant application and visited Sacramento to talk with them and learn more aboutthe process. She thanked DCM/Doyle and other staff for their hard work on putting together the huge grant application. She pointed out that the 72 applicantswould be competing for $90 million in grants and that the first review stage will take approximately two months before the applicationscan proceed to the nextreview stage where the scoring will take place. She said that after the applications are scored, they are then sent to the bond board. So it could be a six -seven month process before we find out how our application did. She also wished everyone a happy Lunar New Year. M/Zirbes reported that the Sports Complex Task Force continues to meet and is moving rapidly ahead. He stated that he had attended his first Community Foundation meeting in Mrs. O' Connor' glace. He also encouraged all interested individuals to get involved in D.B. and consider becoming an appointee to a commission or committee. He wished everyone who celebrates Lunar NewYear a happy new year and encouraged interested persons to attend a Lunar New Year event on Saturday, January 31 at D.B.H.S. He closed his comments with the sad news that young acquaintance of his and Planning Commissioner Dan Nolan had recently been diagnosed with lymphoma. He reported that the young man had been involved in many different projects in the City and was always very positive and a great inspiration to others. He stated that he would be adjourning the meeting in support of 22 year old D.B. resident Brad Kominek. RECESS: M/Zirbes recessed the regular meeting at 7:15 p.m. to continue the Study Session. RECONVENE: M/Zirbes reconvened the regularmeeting from the Study Session at 8:10 p.m. 10. ADJOURNMENT: There being no fu rtherbusinessto conduct,M/Zirbes recessed the meeting at 7:15 p.m. in support of Brad Kominek, 22 year old Diamond Bar resident. LYNDA BURGESS, CITY CLERK JANUARY 20, 2004 PAGE 7 CITY COUNCIL The foregoing minutes are hereby approved this 3rd day of February , 2004. BOB ZIRBES, MAYOR AGENDA NO. 6.2 MINUTES OF THE CITY OF DIAMOND BAR REGULAR MEETING OF THE PLANNING COMMISSION DECEMBER 23, 2003 CALL TO ORDER: Chairman Tye called the meeting to order at 7:00 p.m. in the South Coast Air Quality Management/Government Center Auditorium, 21865 East Copley Drive, Diamond Bar, California 91765. PLEDGE OF ALLEGIANCE: Commissioner Nelson led the Pledge of Allegiance. 1. ROLL CALL: Present: Chairman Steve Tye, Vice Chairman Dan Nolan, and Commissioners Steve Nelson, Jack Tanaka and Osman Wei. Also present: Linda Smith, Development Services Assistant and Stella Marquez, Administrative Assistant. 2. MATTERS FROM THE AUDIENCE/PUBLIC COMMENTS: None Offered. 3. APPROVAL OF AGENDA: As presented. !�KelZ1- 4Z119101_1INgZ117-11Z; 4.1 Approval of December 9, 2003,Regular Meeting minutes. C/Tanaka moved, C/Nelson seconded, to approve the December 9, 2003, Regular Meeting minutes as presented. Motion carried by the following Roll Call vote: AYES: COMMISSIONERS: Tanaka, Nelson, Wei, Chair/Tye NOES: COMMISSIONE RS: None ABSTAIN: COMMISSIONERS: VC/Nolan ABSENT: COMMISSIONERS: None 5. OLD BUSINESS: None 6. NEW BUSINESS: None 7. CONTINUED PUBLIC HEARINGS: 7.1 Development Review No. 2003-25 (pursuant to Code Section 22.48) is a request to remodel and construct an approximate 1,020 square foot second story additionto an existing 1,995 squarefoot one story single-family residence with a two -car garage. (Continued from December 9, 2003) PROJECT ADDRESS: 826 Great Bend Drive Diamond bar, CA 91765 PROPERTY OWNER: Michael and Christine Whatley 826 Great Bend Drive Diamond Bar, CA 91765 APPLICANT: ProBuilder, Kenn Coble 449 W. Allen Avenue #109 San Dimas, CA 91773 DSA/Smith presented staff sreport. Staff recommends Planning Commission approval of Development Review No. 2003-25, Findingsof Fact, and conditions of approval as listed within the draft resolution. Chair/Tye opened the public hearing. There being no onepresentwhowishedto speakon thisitem, Chair/Tye closed the public hearing. C/Nolan asked that the record reflect his review of the materials presented on December 9, 2003, and his visit to the site and reading of staff sseport. He lives in the same neighborhoodas the applicantand has been watching the project develop anticipating its consideration bythe Planning Commission. He applauded the applicant for working with his neighbors to improve the neighborhood. C/Tanaka said he alsovisited the site and attempted to anticipate any impactto the neighbor. With the architect' sdesign the impact appearsto be mitigated with respect to obstruction of view. C/Wei visited the site and stated that although there was a small blockage to the neighbor' sDffice window, it should not dramatically affect his view. Chair/Tye visitedthe Whatley' shome and appreciatedtheirindulgence.He felt that this was a good project and felt it was impressive that the applicant had worked with his neighborsto gain their consensus. C/Nelson moved, C/Wei seconded, approve DevelopmentReviewNo. 2003.25, Findings of Fact, and conditions of approval as outlined in the resolution. Motion carried by the following Roll Call vote: AYES: COMMISSIONERS: Nelson, Wei, Tanaka, VC/Nolan Ch a i r/Tye NOES: COMMISSIONERS: None ABSENT: COMMISSIONERS: None 8. PLANNING COMMISSION COMMENTS/INFORMATIONAL ITEMS: C/Tanaka wished everyone Happy Holidays. It has been a wonderfulyear working with his peers and with staff and their excellent reports. Chair/Tye said he appreciated that with staff s information the Planning Commissioners jobs were certainly made easy. 9. STAFF COMMENTS/INFORMA TIONAL ITEMS: DSA/Smith pointedout that the Planning Commission has a very heavy meeting scheduled for January 13, 2004. Additionally, there is a continued public hearingfor Gunsmoke and others. The report indicates only three public hearings. However, more are scheduled. 10. SCHEDULE OF FUTURE EVENTS: As listed in the Agenda. ADJOURNMENT: There being no further business to come before the Planning Commission, Chairman Tye adjourned the meeting at 7:15 p.m. Respectfully Submitted, James De Stefano, Deputy City Manager Attest: Chairman Steve Tye AGENDA NO. 6.3 CITY OF DIAMOND BAR MINUTES OF THE PARKS & RECREATION COMMISSION HEARING BOARD ROOM OF S.C.A.Q.M.D./ THE GOVERNMENT CENTER 21865 E. Copley Drive NOVEMBER 20, 2003 CALL TO ORDER: Chairman Hull called the meeting to order at 7:04 p.m. in the SCAQMD/Government Center Building Hearing Board Room, 21865 E. Copley Drive, Diamond Bar, California 91765. PLEDGE OF ALLEGIANCE: Commissioner Lyons led the Pledge of Allegiance. ROLL CALL: Present: Chairman Hull, Vice Chairman Grundy and Commissioners Lui, Lyons and Torres. Staff: Bob Rose, Director of Community Services; Teresa Arevalo, Senior Management Analyst; Ryan Wright, Recreation Supervisor, and Marisa Somenzi, Administrative Assistant. MATTERS FROM THE AUDIENCE: None Offered. CALENDAR OF EVENTS: As presented. ill�d6],1I� r!Itef_1q:I.117_1:3 1.1 Regular Meeting Minutes for October 23, 2003. C/Torres moved, VC/Grundy seconded, to approve the minutes of October 23, 2003 regular meeting as presented. Without objection, the motion was so ordered with C/Lyons and C/Lui abstaining. 2. INFORMATIONAL ITEMS 2.1 Youth Master Plan update —CSD/Rose CSD/Rose respondedto C/Lyons that he was surprised about the requests for better nutrition including places of business that served affordable and nutritional meals for youth and the need for security at the Country Hills NOVEMBER 20, 2003 PAGE 2 P&R COMMISSION Towne Center theatre. In addition, the kids wanted comfortable and secure placesto go (alcohol and drug free) with sufficient supervisionto feel safe. There was also discussion about economic development and having the types of business that the Chino Spectrum has as a place for kids to enjoy. Chair/Hull apologizedfor notbeing ableto attend the meetings. He plansto serve in the future. 2.2 Recreation Program Report — RS/Wright a. Haunted House and Fall Fun Festival Financial Summary Chair/Hull said he worked the Diamond Bar Community Foundation booth on Thursday and Friday. There are a tremendous number of peoplewho would like to have a Trader Joe' sin this community. He was very impressed with the Haunted House and thanked RS/Wright and his crew for their efforts. 2.3 Diamond Bar Community Foundation Oral Report — Chair/Hull Chair/Hull reiterated hisfrustration with the Foundation and attempts to get things accomplished. 2.4 C.I.P. Program Report — CSD/Rose Diamond Bar Center — Completion slated for February 7 with Grand Opening on March 20, 2004. Chair/Hull asked to schedule a facilities tourfor Commission during the February 2004 regular meeting. b. Trail Development at Sycamore Canyon Park C. Summitridge Park d. Starshine Park Improvements e. Sycamore Canyon Park Improvements — Phase II 2.5 Sports Complex Task Force update —CSD/Rose 2.6 PanteraParkTennisCourtLights— NeighborhoodMeeting—Wednesday, December 3 at6:30 p.m., Pantera Elementary School Multi -Purpose Room, 801 Pantera Drive — CSD/Rose. 3. OLD BUSINESS: 3.1 Holiday Schedule for December Commission Meeting. Due to an anticipated lack of quorumfor a rescheduled December meeting date, the December Parks and Recreation Commission meeting was canceled. NOVEMBER 20, 2003 PAGE 3 P&R COMMISSION 4. NEW BUSINESS — None 5. ANNOUNCEMENTS — C/Lui asked if the Sycamore Canyon Park Trail could be improved by cutting back the shrubbery. C/Lyons said she appreciated the reduction in the size of the Commission packet. She attended the Veterans ceremony on Tuesday,an excellentpresentation. C/Lyons asked if the teacherat Heritage Park was givenfundsto replace worn books. On herown initiative she conducteda November14 SycamoreCanyon Park walkthrough.She was pleasedwith the condition of the bathrooms except that there were no papertowels. She is still very distressed aboutthe poor condition of the portable building. C/Torres reported that there was a lot of momentum building for the Sports Center Task Force. The organization for the meetings is solid and there has been a tremendous amount of progress. It is exciting for the City and he is pleased to be a small part of the effort. VC/Grundy said that lastnighthis wife attended the Diamond Ranch High School Panther Pride Association. Jamie Sandoval was very excited and enthusiastic about the sports complex idea, particularly if there is an opportunity for cooperation between the high school and the City. He asked how many of the Commissioners intended to attend the holiday party. Chair/Hull said that he alsodid a park walkthrough on hisown at Ronald ReaganPark.On Saturday morning at 8:30 a.m. there were no doggiebags. The bathrooms did notappear to have been cleaned. It looked as if someone had driven outonto the field. He suggested some kind of mitigation to prevent people from driving onto the field. ADJOURNMENT: Upon motion by C/Lyons, seconded by C/Lui and there being no further businessto come before the Parks and Recreation Commission, Chairman Hull adjourned the meeting at 7:50 p.m. Respectfully Submitted, Bob Rose Secretary Atte st: NOVEMBER 20, 2003 PAGE 4 P&R COMMISSION Chairman Jeff Hull AGENDA #6.4 NOTICE REGARDING THE WARRANT REGISTER Please note that the Warrant Register has not been included in the electronic versions of the City Council Agenda Packets on the City's Web Site because severe formatting errors occur when attempting to convert this material. If you are interested in receiving a copy of the Warrant Register, please contact the City Clerk's office at 909 -839-7000 to receive a FAXed copy or to pick one up in person. We apologize for the inconvenience. CITY COUNCIL TO: Honorable Mayor and Members of the City Council VIA: Linda C. Lowry, City Manager TITLE: Treasurer's Statement — December 31, 2003 RECOMMENDATION: Approve the December 2003, Treasurer's Statement. FINANCIAL IMPACT: No Fiscal Impact GUM—.1i1W"M Agenda # 6.5 Meeting Date: Feb. 03, 2004 AGENDA REPORT Per City policy, the Finance Department presents the monthly Treasurer's Statement for t Council's review and approval. This statement shows the cash balances for the various funds breakdown of bank account balances, investment account balances and the effective yield from investments. PREPARED BY: Susan Full, Accountant II Depart n Head Attachments: Treasurer's Statement he City with a earned CITY OF DIAMOND BAR TREASURER'S MONTHLY CASH STATEMENT December 31, 2003 BEGINNING TfiL4NSFBF2.S.. ENtJING BALANCE:: RECEIPTS DISBURSEMENTS INtOUT) :BALANCE GENERAL FUND $21,847,594.26 $1,580,153.40 $1,006,210.27 $22,421,537.39 LIBRARY SERVICES FUND 80,476.23 PAYROLL ACCOUNT 109,643.77 80,476.23 COMMUNITY ORG SUPPORT FD (4,254.00) 200.00 (4,454.00) GAS TAX FUND 618,092.40 166,683.06 INVESTMENTS: 784,775.46 TRANSIT TX (PROP A) FD 1,587,222.99 37,655.31 123,644.50 1,501,233.80 TRANSIT TX (PROP C) FD 1,483,111.58 59,749.54 US TREASURY Money Market Account 1,542,861.12 ISTEA Fund 0.00 3,156,927.36 0.00 INTEGRATED WASTE MGT FD 568,229.65 2,588.00 18,732.07 552,085.58 AB2928-TR CONGESTION RELIEF FD 40,136.73 40,136.73 AIR QUALITY IMPRVMNT FD 153,462.36 17,102.41 11,639.01 158,925.76 PARK & FACILITIES DEVEL. FD 2,467,388.04 2,467,388.04 COM DEV BLOCK GRANT FD (69,214.22) 43,172.00 36,125.80 (447.00) (62,615.02) CITIZENS OPT -PUBLIC SAFETY FD 308,555.50 4,192.33 304,363.17 NARCOTICS ASSET SEIZURE FD 309,788.82 309,788.82 CA LAW ENFORCEMENT EQUIP PRG 84,956.82 84,956.82 LANDSCAPE DIST #38 FD 391,551.50 102,313.50 15,884.60 477,980.40 LANDSCAPE DIST #39 FD 207,047.30 64,988.77 10,801.75 261,234.32 LANDSCAPE DIST #41 FD 359,474.31 48,691.55 6,049.26 402,116.60 GRAND AV CONST FUND 111,579.53 111,579.53 CAP IMPROVEMENT PRJ FD (2,951,015.26) 1,660,166.25 1,395,158.53 447.00 (2,685,560.54) SELF INSURANCE FUND 1,239,782.76 1,239,782.76 EQUIPMENT REPLACEMENT FUND 192,188.81 192,188.81 COMPUTER REPLACEMENT FUND 765.29 765.29 PUBLIC FINANCING AUTHORITY FUN 5,405,317.08 424.67 1,670 574.43 3,735 167.32 TOTALS $34,432,233.48 $3,783,688.46 $4,299,212.55 $0.00 $33,916,714.39 SUMMARY OF CASH: DEMAND DEPOSITS: GENERAL ACCOUNT ($28,173.50) PAYROLL ACCOUNT 109,643.77 CHANGE FUND 250.00 PETTY CASH ACCOUNT 500.00 TOTAL DEMAND DEPOSITS $82,220.27 INVESTMENTS: US TREASURY Money Market Acct. $472,650.31 LOCAL AGENCY INVESTMENT FD 29,626,676.49 30,099,326.80 CASH WITH FISCAL AGENT: US TREASURY Money Market Account $578,239.96 LOCAL AGENCY INVESTMENT FD 3,156,927.36 (Bond Proceeds Account) 3,735,167.32 TOTAL CASH $33,916,714.39 Note: The City of Diamond Bar is invested in the State Treasurer's Local Agency Investment Fund. There are two LAIF accounts set up. The regular account's funds are available for withdrawal within 24 hours. The LAIF Bond Proceeds account's withdrawals require 30 days notice. As a secondary investment option, the City maintains the US Treasury Sweep Accounts with Wells Fargo and the City's Fiscal Agent, Union Bank of California. Any excess funds are "swept" on a daily basis from the City's bank accounts and are invested overnight in a pool of US Treasury Notes. Interest is credited to the City's bank accounts on a monthly basis. L.A.I.F - Effective Yield - Dec 2003 Wells Fargo Money Mkt -Effective Yield - Dec 2003 Union Bank Money Mkt - Effective Yield - Dec 2003 1.545% 0.378% 0.790% All investments are placed in accordance with the City of Diamond Bar's Investment Policy. The above summary provides sufficient cash flow liquidity to meet the next six month's estimated expenditures. Linda C. Lowry, Treasurer Agenda # — 66 Meeting Date: _2/3/04 CITY COUNCIL TO: Honorable Mayor and Members of the City Council VIA: Linda C. Lowry, City Manager AGENDA REPORT TITLE: APPROVAL OF JOINT USE AGREEMENT WITH DIAMOND BAR LITTLE LEAGUE FOR CITY USE OF LITT LE LEAGUE COMPLEX AND APPROPRIATION OF $20,200 FROM GENERAL FUND RESERVES TO FUND PAYMENT. RECOMMENDATION: Approve agreement and appropriation. FINANCIAL IMPACT: Approval of this agreementwill require funding of $20,200 from General Fund Reserves. BACKGROUND: The City of Diamond Bar has a limited numberof athletic facilitiesto support sports activities for the community. The Parks Master Plan (Pg. 60) recommends that the City should enter into joint use agreerrentswith owners of athletic facilities in Diamond Bar to obtain the space needed to conductathletic programs. DISCUSSION: Diamond Bar Little Leagueowns 8 acres of land at the west terminus of Sunset Crossing that is developedwith four (4) baseball fields and support facilities. The City' suse of the Little Leaguefacility will make it possible to expand the amount of sports programming in the community without impacting the availability of public facilities needed by other Diamond Bar -based non-profit youth serving sports organizations. Bob Rose Director of Community Services Attachments: Agreement James DeStefano Deputy City Manager Agenda # 6.7 Meeting Date: February 03, 2004 CITY COUNCIL TO: Honorable Mayor and Members of the City Council VIA: Linda C. Lowry, City Manager AGENDA REPORT TITLE: Increase in contract amount for City Prosecutor services provided by Dapeer, Rosenblit & Litvak, LLP. RECOMMENDATION : Approve the contract amendment. FINANCIAL IMPACT: The requested contract amendment is consistent with the adopted FY 2003-2004 Budget (001-5230- 45213). BACKGROUND: On December 8, 2002, the City entered into a Professional Services Agreement with Dapeer, Rosenblit& Litvak, LLP in the amount of$15,000.00to provide services as City Prosecutor. Attorney Steve Rosenblit provides legal assistance to the City on an "as -needed" basis for assigned code enforcement cases. On June 18,2003,the contractwas supplemented with an allocationof$10,000. Ongoing assignments and anticipated caseworkwill require an additional allocation of resources for the balance of this fiscal year. Authorization from the City Council is required in order to continue the services provided by the consultant. It is recommended that the "asneeded"contract compensation be increased by $13,000.00 to permit the continued use of the firm. If authorized, the amendment to the contract will reflect a total contract compensation amount of $ 38,000.00. The City Council Neighborhood Improvement Subcommittee recommends approval of the amendment. PREPARED BY: James DeStefano Deputy City Manager Attachment: Supplemental Agreement No. 2 Agenda # 6.8A Meeting Date: Feb. 3, 04 CITY COUNCIL O i1 AGENDA REPORT TO: Honorable Mayor and Members of the City Council VIA: Linda C. Lowry, City Manager TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY BOND ACT -A STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT. RECOMMENDATIONS: It is recommended that the City Council adoptthe Resolution. FISCAL IMPACT: The impact of the bond measure on the City of Diamond Bar is undeterminabl a at this time. However, California cities would most certainly face increased reduction in State subventions if the State is unable to balance its budget A detailed summary of the fiscal impact on the State is attached in the Legislative Analyst Office (LAO) report (see Fiscal Impact). BACKGROUND / DISCUSSION: California's Recent Budget Problems California' s General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons. The General Fund has experienced chronic revenue shortfalls since 2001-02, when the economic and stock market downturns caused State revenues to decline sharply. To deal with these shortfalls, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including redirecting revenues previously passed to local government They have also engaged in various forms of borrowing from special funds, local governments, and private credit markets. Projected Shortfall: The State is facing another large budget shortfall in 2004-05, which the LAO estimates will be in the general range of $15 billion. Proposal: This proposition puts before the voters authorization for the State to issue a bond of up to $15 billion to deal with its budget deficit. The bond authorized by this measure would be used in place of the deficit -financing bond of a lesseramount authorized last year by the Legislature. Repayment of Proposed Bond: The repayment of the bond would result in annual State General Fund costs equivalent to one-quartercent of California' s sales tax revenues, compared to costs equivalentto one-half cent of sales tax revenues for the currently authorized bond. In addition, certain funds transferred to the State' sBudget Stabilization Account (created in Proposition 58 on this ballot, if approved) would be used to accelerate the repayment of the bond. The measure includes backup guarantee that if the sales tax revenues dedicated to the bond are insufficient to pay bond principal and interest in any year, the General Fund will make up the difference. This measure would become effective only if Proposition 58 on this ballot is also approved by the voters. Prepared with information from the State Legislative Analyst' sOffice Prepared by: Jim Clarke, Legislative Analyst RESOLUTION NO. 2004- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY BOND ACT - A STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT WHEREAS, California' EGeneral Fund supports a variety of programs, including public schools, higher education, health, social services, and prisons, and WHEREAS, the State General Fund has experiencedchronic shortfalls between revenues and expendituressince FY2001-02, and WHEREAS, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including borrowing from local government, and WHEREAS, the State is facing another large budgetshortfall in 2004-05 which is estimated to be in the general range of $15 billion, and WHEREAS, Proposition 57: The Economic Recovery Bond Act on the March 2004 ballot puts before the voters authorization for the State to issue a bond of up to $15 billionto deal with its budgetdeficit, and WHEREAS, the bond authorized by this measure would be used in place of the deficit -financing bond of lesseramount authorized last yearby the Legislature, and WHEREAS, local governments includingthe City of Diamond Bar would certainly have to make more severe budget cuts in Fiscal Year2004-05 if the initiative is not passed, and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Diamond Bar SUPPORTS Proposition 57: The Economic Recovery Bond Act on the March 2004 election ballotand directs the following: SECTION 1. That the City Council of the City of Diamond Bar shall adopt the Resolution and the City Clerk shall certify to the adoption. SECTION 2. That the City Council of the City of Diamond Bar asks all elected officials and Diamond Bar voters to support Proposition 57. Agenda # 6.8b Meeting Date: Feb. 3, 04 CITY COUNCIL O i1 AGENDA REPORT TO: Honorable Mayor and Members of the City Council VIA: Linda C. Lowry, City Manager TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT RECOMMENDATIONS: Itis recommended that the City Council adoptthe Resolution. I�l;Yi7_1�1TAI:L[4&l The impact ofth a measure on the City of Diamond Bar is undeterminable at this time. However, California cities would most certainly face increased reduction in State subventions if the State is unable to balance its budget A detailed summary of the fiscal impact on the State is attached in the Legislative Analyst Office report (see Fiscal Impact). BACKGROUND / DISCUSSION: California has experienced major budget difficulties in recent years. After a period of high growth in revenues and expenditures in the late 1990s, state tax revenues plunged in 2001 and the budgetfell badly out of balance. Although policymakers reduced program spending and increased revenues to deal with part of the shortfalls, the State has also carried over large deficits and engaged in a significant amount of borrowing from funds such as those for local government. The State budget faces another major shortfall in 2004-05, and it has a variety of other obligations— such as deferrals and loansfrom special funds—that are outstanding at this time. There are four main portions to this initiative Balanced Budget Requirement: The initiative will change the State constitution to require the budget ultimately passed by the Legislature or signed by the Governorto be balanced. Mid -Year BudgetAdjustments: Proposition 58 will create a formal process in the Constitution to require that mid -year corrective actions betaken when the budgetfalls out of balance. Reserve Requirement: Reserve funds are typically used to cushion against unexpected budget shortfalls. The Constitution requires that the Legislature establish a prudent State Reserve Fund. It does not, however, specify the size of the Reserve, or the conditions underwhich funds are placed into the Reserve. Proposition 58 will do this. More information regardingthe Reserve requirement can be found in the attached LAO report. Debt Related Provisions: The Constitution generallyrequires voter approval for debt backed by the State' sgeneral taxing authority. Over the years, courts have ruled that certain types of borrowing (including short-term borrowing to cover cash shortfalls and some bonds repaid from specific revenue sources) can occur without voter approval. The Constitution also requires that bondssubmitted to the voters for approval be for a "singleobject or work" as specified in the respective bond act. For example, in past years, voters have been asked to authorize bonds for such single objects as education facilities, water projects, or prison construction. This portion of the initiative provides an exemption with regard to the "singleobject or work" bond criteria and thus, accommodates the $15 billion bond proposal in Proposition 57: The Economic Recovery Bond Act. Prepared with information from the State Legislative Analyst' sOffice. Prepared by: Jim Clarke, Legislative Analyst A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT WHEREAS, California' sGeneral Fund budgetsupports a variety of programs, including public schools, highereducation, health, social services, and prisons, and WHEREAS, the State General Fund has experiencedchronic shortfalls between revenues and expendituressince 2001-02; and WHEREAS, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including borrowing from local governments; and WHEREAS, Proposition58: The California Balanced BudgetAct will amend the Constitution in order to enact and maintain a balanced State budget and WHEREAS, Proposition58 establishes specific State budgetreserve requirements; and WHEREAS, Proposition58 will establish a restriction on future deficit -related borrowing; and WHEREAS, Proposition58 provides an exemption to the "singleobject or work" bond criteria and thus, accommodates the $15 billion bond proposal in Proposition 57: The Economic Recovery Bond Act NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Diamond Bar SUPPORTS Proposition 58: The California Balanced BudgetAct and directs the following: SECTION 1. That the City Council of the City of Diamond Bar shall adopt the Resolution and the City Clerk shall certify to the adoption SECTION 2. That the City Council of the City of Diamond Bar asks all elected officials and Diamond Barvoters to support Proposition 58. AGREEMENT BETWEEN CITY OF DIAMOND BAR AND THE DIAMOND BAR LITTLE LEAGUE FOR RECREATIONAL USE OF BALLFIELDS THIS AGREEMENT is made and entered into this 3rd day of February, 2004, by and between CITY OF DIAMOND BAR, a municipal corporation of the State of California, herein called "City," and the DIAMOND BAR LITTLE LEAGUE, a California non-profit corporation, herein called "Little League" (collectively sometimes called the "Parties"). RECITALS: A. Little League owns property located at the west terminus of Sunset Crossing Road improved with four (4) baseball fields and used in connection with its youth baseball programs (the "property"). B. City and Little League desire to provide by contract for the City's use of the property by City for community recreation activities in exchange for a one-time payment by City to be applied towards improvements to the Little League's facilities located on the property. C. Maximizing use of the recreational facilities on the property advances the public interest and benefits the youth of Diamond Bar. NOW, THEREFORE, in consideration of the covenants and conditions hereinafter set forth, it is agreed as follows: I. Property The property subject to this Agreement is the site owned by the Little League and located at the west terminus of Sunset Crossing Road in the City of Diamond Bar, commonly known as the Diamond Bar Little Complex, as described and shown in Exhibit "A", attached hereto and incorporated herein by this reference. The property shall be available to City for public recreation purposes consistent with this Agreement, in accordance with the schedule attached hereto as Exhibit B, attached hereto and incorporated herein by this reference, which schedule may be amended from time to time by agreement of the Parties. The President of the Little League and the City Manager are authorized on behalf of the parties to amend the schedule. II. Rules and Regulations City shall conduct its recreational activities in accordance with Little League's rules and regulations regarding the conduct of persons using the property for baseball purposes. City's activities shall be properly supervised by qualified personnel. III. Consideration. In consideration of City's use of the property for City sponsored baseball programs, City shall pay to Little League within thirty days of execution of this Agreement a lump sum, one-time payment of $20,200, which sum shall be used by Little League in its discretion towards improvements to the property. IV. Maintenance Responsibilities Little League shall, at its own cost and expense, during the term of this Agreement, maintain the property in good and proper condition as a baseball field, in a manner as to ensure its appearance, longevity and safe condition for youth baseball. City shall have no maintenance responsibilities for the property (other than clean-up following its activities), nor shall City make any alterations to the property. City shall be responsible for the cost of repairing any damage to the property caused by or attributable to its activities pursuant to this Agreement. V. Term of This Agreement This Agreement shall be in effect for four (4) years from the date of the last signature affixed hereto, until June 30, 2008. VI. Mutual Indemnification Each party agrees to indemnify, defend, and hold harmless the other party, its officers, agents and employees from any and all liabilities, claims, or losses of any nature, including reasonable attorneys' fees and costs of suit, to the extent caused by, arising out of, or in connection with, the indemnifying party's negligent or wrongful acts or omissions arising from its respective activities pursuant to this Agreement. VII. Modification of Agreement This Agreement may be amended only in writing signed by both City and Little League. VIII. Notices All notices permitted or required under this Agreement shall be in writing, and shall be deemed made when delivered to the applicable party at the following addresses either by first class mail postage prepaid, facsimile or personal delivery: If to City: City of Diamond Bar 21825 E. Copley Drive Diamond Bar, CA 91765 Attention: Community Services Director -2- If to Little League: Diamond Bar Little League P.O. Box 4113 Diamond Bar, CA 91765 Attention: League President IX. Agreement binding Each party warrants that the individuals who have signed this Agreement have the legal power, right and authority to make this Agreement and bind the party for whom he or she is signing. WHEREFORE, the Parties hereto have executed this Agreement on the _ day of ,20 CITY OF DIAMOND BAR By: MAYOR DIAMOND BAR LITTLE LEAGUE By: PRESIDENT ATTEST: APPROVED TO FORM: By: By: City Clerk City Attorney -3- Exhibit "B" City of Diamond Bar Schedule of Use 2004-2008 Dates Purpose of Use Time Saturday, January 17, 2004 Youth Baseball Clinic 7:00 A.M.— 1:00 P.M. Date TBA, 2005 Youth Baseball Clinic Time TBA Date TBA, 2006 Youth Baseball Clinic Time TBA Date TBA, 2007 Youth Baseball Clinic Time TBA Date TBA, 2008 Youth Baseball Clinic Time TBA -5- ol 10,01 PONG R "'YT 41 f ty� a� GEdVI WINDOWS Agenda # 6.7 Meeting Date: February 03, 2004 CITY COUNCIL AGENDA REPORT ljgq TO: Honorable Mayor and Members of the City Council Au�VIA: Linda C. Lowry, City Manager TITLE: Increase in contract amount for City Prosecutor services provided by Dapeer, Rosenblit & Litvak, LLP. RECOMMENDATION: Approve the contract amendment. FINANCIAL IMPACT: The requested contract amendment is consistent with the adopted FY 2003-2004 Budget (001-5230- 45213). BACKGROUND: On December 8, 2002, the City entered into a Professional Services Agreement with Dapeer, Rosenblit & Litvak, LLP in the amount of $15,000.00 to provide services as City Prosecutor. Attorney Steve Rosenblit provides legal assistance to the City on an "as -needed" basis for assigned code enforcement cases. On June 18, 2003, the contract was supplemented with an allocation of $10,000. Ongoing assignments and anticipated casework will require an additional allocation of resources for the balance of this fiscal year. Authorization from the City Council is required in order to continue the services provided by the consultant. It is recommended that the "as -needed" contract compensation be increased by $13,000.00 to permit the continued use of the firm. If authorized, the amendment to the contract will reflect a total contract compensation amount of $38,000.00. The City Council Neighborhood Improvement Subcommittee recommends approval of the amendment. PREPARED BY: James DeStefano Deputy City Manager Attachment: Supplemental Agreement No. 2 SUPPLEMENTAL AGREEMENT NO.2 TO THE CITY'S AGREEMENT FOR LEGAL SERVICES IN CONJUNCTION WITH CODE ENFORCEMENT This Supplemental Agreement No. 2 to the City's Agreement is made and entered into this 3rd day of February, 2004, between the CITY OF DIAMOND BAR, a Municipal Corporation (hereinafter referred to as "CITY") and Dapeer, Rosenblit & Litvak, LLP, a California limited liability partnership (hereinafter referred to as the "FIRM".) A. Recitals: (i) The CITY has heretofore entered into an Agreement, dated December 8, 2002, with the FIRM to provide legal services for code enforcement (hereinafter referred to as the "AGREEMENT".) (ii) The FIRM will provide additional legal services at a cost not to exceed THIRTEEN THOUSAND DOLLARS ($13,000.00.) (iii) It is in the City's best interest to extend the AGREEMENT rather than request bids for the services in order to ensure consistency and continuity of the services already being provided by the FIRM. NOW THEREFORE, it is agreed by and between CITY and the FIRM: Section 1: In accordance with Section 10 of the AGREEMENT, and as authorized by the City Council, the CITY agrees to compensate the FIRM, and the FIRM agrees to accept in full satisfaction for the services provided for hereunder, fees on a time and material basis at the rates set forth in the original AGREEMENT, but in no event to exceed THIRTY EIGHT THOUSAND DOLLARS ($38,000.00.) Section 2: Each party to this Supplemental Agreement No. 2 acknowledges that no representation by any party, which is not embodied herein, or any other agreement, statement, or promise not contained in this Supplemental Agreement No. 2 shall be valid and binding. Any modification of this Supplemental Agreement No. 2 shall be effective only if it is in writing signed by the parties. Section 3: All other terms and conditions of the AGREEMENT shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Supplemental Agreement No. 2 as of the day and year first set forth above: APPROVED AS TO FORM: WA Dapeer, Rosenblit & Litvak, LLP: City Attorney Steven H. Rosenblit, Esq. ATTEST: City of Diamond Bar City Clerk Mayor, Robert P. Zirbes Date: 2 CITY COUNCIL Agenda # 6 . s (a) Meeting Date: Feb. 3, 04 AGENDA REPORT TO: Honorable Mayor and Members pf1he City Council VIA: Linda C. Lowry, City 9", TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT. RECOMMENDATIONS: It is recommended that the City Council adopt the Resolution. FISCAL IMPACT: DIAMOND BAR BOND ACT - A The impact of the bond measure on the City of Diamond Bar is undeterminable at this time. However, California cities would most certainly face increased reduction in State subventions if the State is unable to balance its budget. A detailed summary of the fiscal impact on the State is attached in the Legislative Analyst Office (LAO) report (see Fiscal Impact). BACKGROUND / DISCUSSION: California's Recent Budget Problems: California's General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons. The General Fund has experienced chronic revenue shortfalls since 2001-02, when the economic and stock market downturns caused State revenues to decline sharply. To deal with these shortfalls, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including redirecting revenues previously passed to local government. They have also engaged in various forms of borrowing from special funds, local governments, and private credit markets. Projected Shortfall. The State is facing another large budget shortfall in 2004-05, which the LAO estimates will be in the general range of $15 billion. Proposal. This proposition puts before the voters authorization for the State to issue a bond of up to $15 billion to deal with its budget deficit. The bond authorized by this measure would be used in place of the deficit -financing bond of a lesser amount authorized last year by the Legislature. Repayment of Proposed Bond. The repayment of the bond would result in annual State General Fund costs equivalent to one-quarter cent of California's sales tax revenues, compared to costs equivalent to one-half cent of sales tax revenues for the currently authorized bond. In addition, certain funds transferred to the State's Budget Stabilization Account (created in Proposition 58 on this ballot, if approved) would be used to accelerate the repayment of the bond. The measure includes a backup guarantee that if the sales tax revenues dedicated to the bond are insufficient to pay bond principal and interest in any year, the General Fund will make up the difference. This measure would become effective only if Proposition 58 on this ballot is also approved by the voters. Prepared with information from the State Legislative Analyst's Office. Prepared by: JirVVarke, Legislative Analyst RESOLUTION NO. 2004- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY BOND ACT - A STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT WHEREAS, California's General Fund supports a variety of programs, including public schools, higher education, health, social services, and prisons, and WHEREAS, the State General Fund has experienced chronic shortfalls between revenues and expenditures since FY2001-02, and WHEREAS, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including borrowing from local government, and WHEREAS, the State is facing another large budget shortfall in 2004-05 which is estimated to be in the general range of $15 billion, and WHEREAS, Proposition 57: The Economic Recovery Bond Act on the March 2004 ballot puts before the voters authorization for the State to issue a bond of up to $15 billion to deal with its budget deficit, and WHEREAS, the bond authorized by this measure would be used in place of the deficit -financing bond of a lesser amount authorized last year by the Legislature, and WHEREAS, local governments including the City of Diamond Bar would certainly have to make more severe budget cuts in Fiscal Year 2004-05 if the initiative is not passed, and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Diamond Bar SUPPORTS Proposition 57: The Economic Recovery Bond Act on the March 2004 election ballot and directs the following: SECTION 1. That the City Council of the City of Diamond Bar shall adopt the Resolution and the City Clerk shall certify to the adoption. SECTION 2. That the City Council of the City of Diamond Bar asks all elected officials and Diamond Bar voters to support Proposition 57. PASSED, APPROVED AND ADOPTED this 3rd of February 2004. Bob Zirbes, Mayor I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, California do hereby certify that the foregoing Resolution passed, approved and adopted at a regular meeting held on the 3rd day of February-, 2004, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAINED: COUNCIL MEMBERS: LYNDA BURGESS, CITY CLERK CITY OF DIAMOND BAR Proposition 57: The Economic Recovery Bond Act LAO, ad YEARS OF SERVICE' December, 2003 Background legislative analyst's office Proposition 57 The Economic Recovery Bond Act Page 1 of 3 California's Recent Budget Problems. California's General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons. The General Fund has experienced chronic shortfalls between revenues and expenditures since 2001-02, when the economic and stock market downturns caused state revenues to decline sharply. To deal with these shortfalls, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures. They have also engaged in various forms of borrowing from special funds, local governments, and private credit markets. Deficit -Financing Bond. One of the key actions taken to deal with the projected current -year (2003-04) budget shortfall was the authorization of a $10.7 billion deficit -financing bond. The purpose of this bond was to "wipe the slate clean" and eliminate the cumulative budget deficit that would have existed at the end of 2002-03. This would allow the state to avoid the more severe budget actions that would have been necessary to eliminate the deficit all at once. The repayment of the currently authorized bond would be based on a multiple -step financing process (see shaded box for details). It would result in annual General Fund costs equivalent to one-half cent of the California's sales tax—or about $2.4 billion in 2004-05 and increasing moderately each year thereafter—until the bond is paid off (in about five years). Repayment of Deficit Bonds Existing $10.7 Billion Bond. The previously authorized deficit -financing bond was designed to be repaid through a multiple -step process that "freed up" a revenue stream dedicated solely to repayment of the bond. This involved: • The diversion of a one-half cent portion of the sales tax from local governments to a special fund dedicated to the bond's repayment. • A diversion of property taxes from school districts to local governments to offset their sales tax loss. • Added state General Fund payments to school districts to replace their diverted property taxes. As a result of these diversions, there is no net impact on local governments or school districts. The full cost of the bond's repayment is borne by the state's General Fund. $15 Billion Proposition 57 Bond. Under this proposition, the bond repayment http://www.lao.ca.gov/initiatives/2004/57_03_2004.htm 1/29/2004 Proposition 57: The Economic Recovery Bond Act method described above would be the same, except that the amount of revenues diverted would be equivalent to one-quarter cent of the state sales tax instead of the one-half cent. The full cost of the bond would continue to be borne by the state's General Fund. Page 2 of 3 This deficit bond is currently being challenged in court and has not yet been issued. (In the meantime, the carryover 2002-03 deficit is being financed through short-term borrowing, which is due to be repaid in June 2004.) Projected Shortfall in 2004-05. The state is facing another large budget shortfall in 2004-05, which we estimate will be in the general range of $15 billion. This estimate assumes that the currently authorized $10.7 billion deficit -financing bond is sold and that the carryover 2002-03 deficit is thereby taken off the books. Absent the bond proceeds from this sale, the budget shortfall would be much larger. Proposal This proposition puts before the voters authorization for the state to issue a bond of up to $15 billion to deal with its budget deficit. The bond authorized by this measure would be used in place of the deficit -financing bond authorized last year by the Legislature. Repayment of Proposed Bond. The repayment of the bond would result in annual General Fund costs equivalent to one-quarter cent of California's sales tax revenues, compared to costs equivalent to one-half cent of sales tax revenues for the currently authorized bond. In addition, certain funds transferred to the state's Budget Stabilization Account (created in Proposition 58 on this ballot, if approved) would be used to accelerate the repayment of the bond. The measure includes a backup guarantee that if the sales tax revenues dedicated to the bond are insufficient to pay bond principal and interest in any year, the General Fund will make up the difference. This measure would become effective only if Proposition 58 on this ballot is also approved by the voters. Fiscal Effects The fiscal effects of the proposed bond are summarized in Figure 1, and compared to the currently authorized deficit -financing bond. The proposed bond would result in near-term budgetary savings compared to the bond authorized in current law, but added annual costs over the longer term. Specifically: http://www.lao.ca.gov/initiatives/2004/57_03_2004.htm 1/29/2004 Proposition 57: The Economic Recovery Bond Act Figure 1 Comparison of Bond Authorized in Proposition 57 With Previouslv Authorized Bond Page 3 of 3 Previously Authorized Deficit -Financing Proposition 57 Bond Bond Bond Amount $15 billion a $10.7 billion Annual General Fund Costs: • Annual costs related to sales tax diversion. • Potential annual payments from Proposition 58 reserve. Years to Pay Off Bond: • Using only sales tax revenues. • Assuming maximum $5 billion contribution from Proposition 58 $1.2 billion b $2.4 billion b $425 million in 2006-07 — $900 million in 2007-08 — $1.45 billion in 2008-09d 14 a Net proceeds to the General Fund would likely be less, depending on reserve requirements and other factors. b Costs are for 2004-05. Amounts would increase moderately annually thereafter. 0 Based on LAO out -year revenue projections and assumes no suspensions of transfer to reserve. d These amounts would increase moderately annually thereafter until cumulative total from reserve equals $5 billion. Near -Term Savings. The proceeds from the proposed bond would be up to $4 billion more than from the currently authorized bond. This would provide the state with up to $4 billion in additional one-time funds to address its budget shortfall. The state would also realize near- term savings related to debt service on the bond. This is because the payments would be based on one-quarter cent of annual sales taxes instead of one-half cent. As a result, annual General Fund costs would be one-half of the currently authorized bond for the next few years. Longer -Term Costs. The near-term savings would be offset by higher costs in the longer term. This is because the proposed bond would be larger ($15 billion versus $10.7 billion) and it would take longer to repay. As indicated in Figure 1, the proposed bond would likely take between 9 and 14 years to pay back, compared to a 5 -year period for the currently authorized bond. Return to Initiatives_ and Propositions Return to Legislative Analyst's Office Home -Page http://www.lao.ca.gov/initiatives/2004/57_03_2004.htm 1/29/2004 Agenda # 6.8 (b) Meeting Date: Feb. 3, 0 4 CITY COUNCIL AGENDA REPORT rN�<)RPORA,�� r9S9 TO: Honorable Mayor and Members the City Council VIA: Linda C. Lowry, City Manage TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT RECOMMENDATIONS: It is recommended that the City Council adopt the Resolution. FISCAL IMPACT: The impact of the measure on the City of Diamond Bar is undeterminable at this time. However, California cities would most certainly face increased reduction in State subventions if the State is unable to balance its budget. A detailed summary of the fiscal impact on the State is attached in the Legislative Analyst Office report (see Fiscal Impact). BACKGROUND / DISCUSSION: California has experienced major budget difficulties in recent years. After a period of high growth in revenues and expenditures in the late 1990s, state tax revenues plunged in 2001 and the budget fell badly out of balance. Although policymakers reduced program spending and increased revenues to deal with part of the shortfalls, the State has also carried over large deficits and engaged in a significant amount of borrowing from funds such as those for local government. The State budget faces another major shortfall in 2004-05, and it has a variety of other obligations—such as deferrals and loans from special funds—that are outstanding at this time. There are four main portions to this initiative Balanced Budget Requirement: The initiative will change the State constitution to require the budget ultimately passed by the Legislature or signed by the Governor to be balanced. Mid -Year Budget Adjustments: Proposition 58 will create a formal process in the Constitution to require that mid -year corrective actions be taken when the budget falls out of balance. Reserve Requirement. Reserve funds are typically used to cushion against unexpected budget shortfalls. The Constitution requires that the Legislature establish a prudent State Reserve Fund. It does not, however, specify the size of the Reserve, or the conditions under which funds are placed into the Reserve. Proposition 58 will do this. More information regarding the Reserve requirement can be found in the attached LAO report. Debt Related Provisions: The Constitution generally requires voter approval for debt backed by the State's general taxing authority. Over the years, courts have ruled that certain types of borrowing (including short-term borrowing to cover cash shortfalls and some bonds repaid from specific revenue sources) can occur without voter approval. The Constitution also requires that bonds submitted to the voters for approval be for a "single object or work" as specified in the respective bond act. For example, in past years, voters have been asked to authorize bonds for such single objects as education facilities, water projects, or prison construction. This portion of the initiative provides an exemption with regard to the "single object or work" bond criteria and thus, accommodates the $15 billion bond proposal in Proposition 57: The Economic Recovery Bond Act. Prepared with information from the State Legislative Analyst's Office. Prepared by: Ji larke, Legislative Analyst Proposition 58: The California Balanced Budget Act 60 FEARS OF SERVICE December, 2003 Background legislative analysts office Proposition 58 The California Balanced Budget Act California's Budget Situation Page 1 of 4 California has experienced major budget difficulties in recent years. After a period of high growth in revenues and expenditures in the late 1990s, state tax revenues plunged in 2001 and the budget fell badly out of balance. Although policymakers reduced program spending and increased revenues to deal with part of the shortfalls, the state has also carried over large deficits and engaged in a significant amount of borrowing. The state budget faces another major shortfall in 2004-05 and it has a variety of other obligations—such as deferrals and loans from special funds—that are outstanding at this time. Constitutional Provisions Relating to Budgeting and Debt There are several budget- and debt -related provisions in California's Constitution that are affected by this proposition. Balanced Budget Requirement. The Constitution requires the Governor to submit by January 10 of each year a state budget proposal for the upcoming fiscal year (beginning on July 1) which is balanced—meaning that estimated revenues must meet or exceed proposed expenditures. While this balanced budget requirement applies to the Governor's January budget submission, it does not apply to the budget ultimately passed by the Legislature or signed by the Governor. • Mid -Year Budget Adjustments. The Legislature has met in special session during the past three years to consider mid -year proposals to address budget shortfalls. However, there is no formal process in the Constitution to require that mid -year corrective actions be taken when the budget falls out of balance. • Reserve Requirement. Reserve funds are typically used to cushion against unexpected budget shortfalls. The Constitution requires that the Legislature establish a prudent state reserve fund. It does not, however, specify the size of the reserve, or the conditions under which funds are placed into the reserve. http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 Proposition 58: The California Balanced Budget Act Page 2 of 4 Debt -Related Provisions. The Constitution generally requires voter approval for debt backed by the state's general taxing authority. Over the years, courts have ruled that certain types of borrowing (including short-term borrowing to cover cash shortfalls and some bonds repaid from specific revenue sources) can occur without voter approval. The Constitution also requires that bonds submitted to the voters for approval be for a "single object or work" as specified in the respective bond act. For example, in past years, voters have been asked to authorize bonds for such single objects as education facilities, water projects, or prison construction. Proposal This proposition amends the Constitution, making changes related to (1) the enactment and maintenance of a balanced state budget, (2) the establishment of specific reserve requirements, and (3) a restriction on future deficit -related borrowing. The provisions are discussed in more detail below. Balanced Budget Provisions This proposition requires that the state adopt a balanced budget and provides for mid -year adjustments in the event that the budget falls out of balance. Balanced Budget. In addition to the existing requirement that the Governor propose a balanced budget, this measure requires that the state enact a budget that is balanced. Specifically, estimated revenues would have to meet or exceed estimated expenditures in each year. Mid -Year Adjustments. Under this measure, if the Governor determines that the state is facing substantial revenue shortfalls or spending deficiencies, the Governor may declare a fiscal emergency. He or she would then be required to propose legislation to address the problem, and call the Legislature into special session for that purpose. If the Legislature fails to pass and send to the Governor legislation to address the budget problem within 45 days, it would be prohibited from (1) acting on any other bills or (2) adjourning in joint recess until such legislation is passed. Reserve Requirement The proposal requires that a special reserve—called the Budget Stabilization Account (BSA)— be established in the state's General Fund. Annual Transfers. A portion of estimated annual General Fund revenues would be transferred by the State Controller into the account no later than September 30 of each fiscal year. The specific transfers are 1 percent (about $850 million) in 2006-07, 2 percent (about $1.8 billion) in 2007-08, and 3 percent (about $2.9 billion) in 2008-09 and thereafter. These transfers would continue until the balance in the account reaches $8 billion or 5 percent of General Fund revenues, whichever is greater. The annual transfer requirement would be in effect whenever the balance falls below the $8 billion or 5 percent target. (Given the current level of General Fund revenues—approximately $75 billion—the required reserve level would likely be $8 billion for at least the next decade.) Suspension of Transfers. The annual transfers could be suspended or reduced for a fiscal http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 Proposition 58: The California Balanced Budget Act Page 3 of 4 year by an executive order issued by the Governor no later than June 1 of the preceding fiscal year. Allocation of Funds. Each year, 50 percent of the annual transfers into the BSA would be allocated to a subaccount that is dedicated to repayment of the deficit -recovery bond authorized by Proposition 57. These transfers would be made until they reach a cumulative total of $5 billion. Funds from this subaccount would be automatically spent for debt service on that bond. The remaining funds in the BSA would be available for transfer to the General Fund. Spending From the Account. Funds in the BSA could be transferred from this account to the General Fund through a majority vote of the Legislature and approval of the Governor. Spending of these monies from the General Fund could be made for various purposes— including to cover budget shortfalls—generally with a two-thirds vote of the Legislature (same as current law). Related Provisions in Proposition 56. Proposition 56 on this ballot also contains new, but different, requirements related to a state reserve fund. Prohibition Against Future Deficit Borrowing Subsequent to the issuance of the bonds authorized in Proposition 57, this proposal would prohibit most future borrowing to cover budget deficits. This restriction applies to general obligation bonds, revenue bonds, and certain other forms of long-term borrowing. The restriction does not apply to certain other types of borrowing, such as (1) short-term borrowing to cover cash shortfalls in the General Fund (including revenue anticipation notes or revenue anticipation warrants currently used by the state), or (2) borrowing between state funds. Other Provisions This measure also states that: . With regard to the bond authorized by Proposition 57, the "single object or work" for which the Legislature may create debt includes—for that measure only—the one-time funding of the accumulated state budget deficit and other obligations, as determined by the Director of Finance. . Its provisions take effect only if Proposition 57 on this ballot is also approved by the voters. Fiscal Effects This measure could have a variety of fiscal effects, depending on future budget circumstances and future actions taken by Governors and Legislatures. Possible fiscal effects include: Balanced Budget and Debt Provisions. In recent years, as well as during difficult budget periods in the past, the Governor and Legislature have at times allowed accumulated budget deficits to carry over from one year to the next. This meant that spending reductions and/or revenue increases were less than what they otherwise would have been in those years. The provisions of this measure requiring a balanced budget and restricting borrowing would limit the state's future use of this option. As a result, the http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 Proposition 58: The California Balanced Budget Act Page 4 of 4 state would in some cases have to take more immediate actions to correct budgetary shortfalls. Reserve Requirement. The $8 billion reserve target established by this proposition is much larger than the amounts included in past budget plans. This larger reserve could be used to smooth state spending over the course of an economic cycle. That is, spending could be less during economic expansions (as a portion of the annual revenues are transferred into the reserve), and more during downturns (as the funds available in the reserve are used to "cushion" spending reductions that would otherwise be necessary). • Other Possible Impacts. The proposition could have a variety of other impacts on state finances. For example, to the extent that the measure resulted in more balanced budgets and less borrowing over time, the state would benefit financially from higher credit ratings and lower debt -service costs. Return to Initiatives and Propositions Return to Legislative Analyst's Office Home Paae http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 RESOLUTION NO. 2004- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT WHEREAS, California's General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons; and WHEREAS, the State General Fund has experienced chronic shortfalls between revenues and expenditures since 2001-02; and WHEREAS, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including borrowing from local governments; and WHEREAS, Proposition 58: The California Balanced Budget Act will amend the Constitution in order to enact and maintain a balanced State budget; and WHEREAS, Proposition 58 establishes specific State budget reserve requirements; and WHEREAS, Proposition 58 will establish a restriction on future deficit -related borrowing; and WHEREAS, Proposition 58 provides an exemption to the "single object or work" bond criteria and thus, accommodates the $15 billion bond proposal in Proposition 57: The Economic Recovery Bond Act NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Diamond Bar SUPPORTS Proposition 58: The California Balanced Budget Act and directs the following: SECTION 1. That the City Council of the City of Diamond Bar shall adopt the Resolution and the City Clerk shall certify to the adoption SECTION 2. That the City Council of the City of Diamond Bar asks all elected officials and Diamond Bar voters to support Proposition 58. PASSED, APPROVED AND ADOPTED this 3rd of February 2004. Bob Zirbes, Mayor I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, California do hereby certify that the foregoing Resolution passed, approved and adopted at a regular meeting held on the 3rd day of February—, 2004, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAINED: COUNCIL MEMBERS: LYNDA BURGESS, CITY CLERK CITY OF DIAMOND BAR AGREEMENT BETWEEN CITY OF DIAMOND BAR AND THE DIAMOND BAR LITTLE LEAGUE FOR RECREATIONAL USE OF BALLFIELDS THIS AGREEMENT is made and entered into this 3rd day of February, 2004, by and between CITY OF DIAMOND BAR, a municipal corporation of the State of California, herein called "City," and the DIAMOND BAR LITTLE LEAGUE, a California non-profit corporation, herein called "Little League" (collectively sometimes called the "Parties"). RECITALS: A. Little League owns property located at the west terminus of Sunset Crossing Road improved with four (4) baseball fields and used in connection with its youth baseball programs (the "property"). B. City and Little League desire to provide by contract for the City's use of the property by City for community recreation activities in exchange for a one-time payment by City to be applied towards improvements to the Little League's facilities located on the property. C. Maximizing use of the recreational facilities on the property advances the public interest and benefits the youth of Diamond Bar. NOW, THEREFORE, in consideration of the covenants and conditions hereinafter set forth, it is agreed as follows: I. Property The property subject to this Agreement is the site owned by the Little League and located at the west terminus of Sunset Crossing Road in the City of Diamond Bar, commonly known as the Diamond Bar Little Complex, as described and shown in Exhibit "A", attached hereto and incorporated herein by this reference. The property shall be available to City for public recreation purposes consistent with this Agreement, in accordance with the schedule attached hereto as Exhibit B, attached hereto and incorporated herein by this reference, which schedule may be amended from time to time by agreement of the Parties. The President of the Little League and the City Manager are authorized on behalf of the parties to amend the schedule. II. Rules and Regulations City shall conduct its recreational activities in accordance with Little League's rules and regulations regarding the conduct of persons using the property for baseball purposes. City's activities shall be properly supervised by qualified personnel. III. Consideration. In consideration of City's use of the property for City sponsored baseball programs, City shall pay to Little League within thirty days of execution of this Agreement a lump sum, one-time payment of $20,200, which sum shall be used by Little League in its discretion towards improvements to the property. IV. Maintenance Responsibilities Little League shall, at its own cost and expense, during the term of this Agreement, maintain the property in good and proper condition as a baseball field, in a manner as to ensure its appearance, longevity and safe condition for youth baseball. City shall have no maintenance responsibilities for the property (other than clean-up following its activities), nor shall City make any alterations to the property. City shall be responsible for the cost of repairing any damage to the property caused by or attributable to its activities pursuant to this Agreement. V. Term of This Agreement This Agreement shall be in effect for four (4) years from the date of the last signature affixed hereto, until June 30, 2008. VI. Mutual Indemnification Each party agrees to indemnify, defend, and hold harmless the other party, its officers, agents and employees from any and all liabilities, claims, or losses of any nature, including reasonable attorneys' fees and costs of suit, to the extent caused by, arising out of, or in connection with, the indemnifying party's negligent or wrongful acts or omissions arising from its respective activities pursuant to this Agreement. VII. Modification of Agreement This Agreement may be amended only in writing signed by both City and Little League. VIII. Notices All notices permitted or required under this Agreement shall be in writing, and shall be deemed made when delivered to the applicable party at the following addresses either by first class mail postage prepaid, facsimile or personal delivery: If to City: City of Diamond Bar 21825 E. Copley Drive Diamond Bar, CA 91765 Attention: Community Services Director -2- If to Little League: Diamond Bar Little League P.O. Box 4113 Diamond Bar, CA 91765 Attention: League President IX. Agreement binding Each party warrants that the individuals who have signed this Agreement have the legal power, right and authority to make this Agreement and bind the party for whom he or she is signing. WHEREFORE, the Parties hereto have executed this Agreement on the _ day of ,20 CITY OF DIAMOND BAR By: MAYOR DIAMOND BAR LITTLE LEAGUE By: PRESIDENT ATTEST: APPROVED TO FORM: By: By: City Clerk City Attorney -3- Exhibit "B" City of Diamond Bar Schedule of Use 2004-2008 Dates Purpose of Use Time Saturday, January 17, 2004 Youth Baseball Clinic 7:00 A.M.— 1:00 P.M. Date TBA, 2005 Youth Baseball Clinic Time TBA Date TBA, 2006 Youth Baseball Clinic Time TBA Date TBA, 2007 Youth Baseball Clinic Time TBA Date TBA, 2008 Youth Baseball Clinic Time TBA -5- ol 10,01 PONG R "'YT 41 f ty� a� GEdVI WINDOWS Agenda # 6.7 Meeting Date: February 03, 2004 CITY COUNCIL AGENDA REPORT ljgq TO: Honorable Mayor and Members of the City Council Au�VIA: Linda C. Lowry, City Manager TITLE: Increase in contract amount for City Prosecutor services provided by Dapeer, Rosenblit & Litvak, LLP. RECOMMENDATION: Approve the contract amendment. FINANCIAL IMPACT: The requested contract amendment is consistent with the adopted FY 2003-2004 Budget (001-5230- 45213). BACKGROUND: On December 8, 2002, the City entered into a Professional Services Agreement with Dapeer, Rosenblit & Litvak, LLP in the amount of $15,000.00 to provide services as City Prosecutor. Attorney Steve Rosenblit provides legal assistance to the City on an "as -needed" basis for assigned code enforcement cases. On June 18, 2003, the contract was supplemented with an allocation of $10,000. Ongoing assignments and anticipated casework will require an additional allocation of resources for the balance of this fiscal year. Authorization from the City Council is required in order to continue the services provided by the consultant. It is recommended that the "as -needed" contract compensation be increased by $13,000.00 to permit the continued use of the firm. If authorized, the amendment to the contract will reflect a total contract compensation amount of $38,000.00. The City Council Neighborhood Improvement Subcommittee recommends approval of the amendment. PREPARED BY: James DeStefano Deputy City Manager Attachment: Supplemental Agreement No. 2 SUPPLEMENTAL AGREEMENT NO.2 TO THE CITY'S AGREEMENT FOR LEGAL SERVICES IN CONJUNCTION WITH CODE ENFORCEMENT This Supplemental Agreement No. 2 to the City's Agreement is made and entered into this 3rd day of February, 2004, between the CITY OF DIAMOND BAR, a Municipal Corporation (hereinafter referred to as "CITY") and Dapeer, Rosenblit & Litvak, LLP, a California limited liability partnership (hereinafter referred to as the "FIRM".) A. Recitals: (i) The CITY has heretofore entered into an Agreement, dated December 8, 2002, with the FIRM to provide legal services for code enforcement (hereinafter referred to as the "AGREEMENT".) (ii) The FIRM will provide additional legal services at a cost not to exceed THIRTEEN THOUSAND DOLLARS ($13,000.00.) (iii) It is in the City's best interest to extend the AGREEMENT rather than request bids for the services in order to ensure consistency and continuity of the services already being provided by the FIRM. NOW THEREFORE, it is agreed by and between CITY and the FIRM: Section 1: In accordance with Section 10 of the AGREEMENT, and as authorized by the City Council, the CITY agrees to compensate the FIRM, and the FIRM agrees to accept in full satisfaction for the services provided for hereunder, fees on a time and material basis at the rates set forth in the original AGREEMENT, but in no event to exceed THIRTY EIGHT THOUSAND DOLLARS ($38,000.00.) Section 2: Each party to this Supplemental Agreement No. 2 acknowledges that no representation by any party, which is not embodied herein, or any other agreement, statement, or promise not contained in this Supplemental Agreement No. 2 shall be valid and binding. Any modification of this Supplemental Agreement No. 2 shall be effective only if it is in writing signed by the parties. Section 3: All other terms and conditions of the AGREEMENT shall remain in full force and effect. IN WITNESS WHEREOF, the parties hereto have executed this Supplemental Agreement No. 2 as of the day and year first set forth above: APPROVED AS TO FORM: WA Dapeer, Rosenblit & Litvak, LLP: City Attorney Steven H. Rosenblit, Esq. ATTEST: City of Diamond Bar City Clerk Mayor, Robert P. Zirbes Date: 2 CITY COUNCIL Agenda # 6 . s (a) Meeting Date: Feb. 3, 04 AGENDA REPORT TO: Honorable Mayor and Members pf1he City Council VIA: Linda C. Lowry, City 9", TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT. RECOMMENDATIONS: It is recommended that the City Council adopt the Resolution. FISCAL IMPACT: DIAMOND BAR BOND ACT - A The impact of the bond measure on the City of Diamond Bar is undeterminable at this time. However, California cities would most certainly face increased reduction in State subventions if the State is unable to balance its budget. A detailed summary of the fiscal impact on the State is attached in the Legislative Analyst Office (LAO) report (see Fiscal Impact). BACKGROUND / DISCUSSION: California's Recent Budget Problems: California's General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons. The General Fund has experienced chronic revenue shortfalls since 2001-02, when the economic and stock market downturns caused State revenues to decline sharply. To deal with these shortfalls, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including redirecting revenues previously passed to local government. They have also engaged in various forms of borrowing from special funds, local governments, and private credit markets. Projected Shortfall. The State is facing another large budget shortfall in 2004-05, which the LAO estimates will be in the general range of $15 billion. Proposal. This proposition puts before the voters authorization for the State to issue a bond of up to $15 billion to deal with its budget deficit. The bond authorized by this measure would be used in place of the deficit -financing bond of a lesser amount authorized last year by the Legislature. Repayment of Proposed Bond. The repayment of the bond would result in annual State General Fund costs equivalent to one-quarter cent of California's sales tax revenues, compared to costs equivalent to one-half cent of sales tax revenues for the currently authorized bond. In addition, certain funds transferred to the State's Budget Stabilization Account (created in Proposition 58 on this ballot, if approved) would be used to accelerate the repayment of the bond. The measure includes a backup guarantee that if the sales tax revenues dedicated to the bond are insufficient to pay bond principal and interest in any year, the General Fund will make up the difference. This measure would become effective only if Proposition 58 on this ballot is also approved by the voters. Prepared with information from the State Legislative Analyst's Office. Prepared by: JirVVarke, Legislative Analyst RESOLUTION NO. 2004- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 57: THE ECONOMIC RECOVERY BOND ACT - A STATEWIDE INITIATIVE TO HELP RETIRE THE STATE DEBT WHEREAS, California's General Fund supports a variety of programs, including public schools, higher education, health, social services, and prisons, and WHEREAS, the State General Fund has experienced chronic shortfalls between revenues and expenditures since FY2001-02, and WHEREAS, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including borrowing from local government, and WHEREAS, the State is facing another large budget shortfall in 2004-05 which is estimated to be in the general range of $15 billion, and WHEREAS, Proposition 57: The Economic Recovery Bond Act on the March 2004 ballot puts before the voters authorization for the State to issue a bond of up to $15 billion to deal with its budget deficit, and WHEREAS, the bond authorized by this measure would be used in place of the deficit -financing bond of a lesser amount authorized last year by the Legislature, and WHEREAS, local governments including the City of Diamond Bar would certainly have to make more severe budget cuts in Fiscal Year 2004-05 if the initiative is not passed, and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Diamond Bar SUPPORTS Proposition 57: The Economic Recovery Bond Act on the March 2004 election ballot and directs the following: SECTION 1. That the City Council of the City of Diamond Bar shall adopt the Resolution and the City Clerk shall certify to the adoption. SECTION 2. That the City Council of the City of Diamond Bar asks all elected officials and Diamond Bar voters to support Proposition 57. PASSED, APPROVED AND ADOPTED this 3rd of February 2004. Bob Zirbes, Mayor I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, California do hereby certify that the foregoing Resolution passed, approved and adopted at a regular meeting held on the 3rd day of February-, 2004, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAINED: COUNCIL MEMBERS: LYNDA BURGESS, CITY CLERK CITY OF DIAMOND BAR Proposition 57: The Economic Recovery Bond Act LAO, ad YEARS OF SERVICE' December, 2003 Background legislative analyst's office Proposition 57 The Economic Recovery Bond Act Page 1 of 3 California's Recent Budget Problems. California's General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons. The General Fund has experienced chronic shortfalls between revenues and expenditures since 2001-02, when the economic and stock market downturns caused state revenues to decline sharply. To deal with these shortfalls, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures. They have also engaged in various forms of borrowing from special funds, local governments, and private credit markets. Deficit -Financing Bond. One of the key actions taken to deal with the projected current -year (2003-04) budget shortfall was the authorization of a $10.7 billion deficit -financing bond. The purpose of this bond was to "wipe the slate clean" and eliminate the cumulative budget deficit that would have existed at the end of 2002-03. This would allow the state to avoid the more severe budget actions that would have been necessary to eliminate the deficit all at once. The repayment of the currently authorized bond would be based on a multiple -step financing process (see shaded box for details). It would result in annual General Fund costs equivalent to one-half cent of the California's sales tax—or about $2.4 billion in 2004-05 and increasing moderately each year thereafter—until the bond is paid off (in about five years). Repayment of Deficit Bonds Existing $10.7 Billion Bond. The previously authorized deficit -financing bond was designed to be repaid through a multiple -step process that "freed up" a revenue stream dedicated solely to repayment of the bond. This involved: • The diversion of a one-half cent portion of the sales tax from local governments to a special fund dedicated to the bond's repayment. • A diversion of property taxes from school districts to local governments to offset their sales tax loss. • Added state General Fund payments to school districts to replace their diverted property taxes. As a result of these diversions, there is no net impact on local governments or school districts. The full cost of the bond's repayment is borne by the state's General Fund. $15 Billion Proposition 57 Bond. Under this proposition, the bond repayment http://www.lao.ca.gov/initiatives/2004/57_03_2004.htm 1/29/2004 Proposition 57: The Economic Recovery Bond Act method described above would be the same, except that the amount of revenues diverted would be equivalent to one-quarter cent of the state sales tax instead of the one-half cent. The full cost of the bond would continue to be borne by the state's General Fund. Page 2 of 3 This deficit bond is currently being challenged in court and has not yet been issued. (In the meantime, the carryover 2002-03 deficit is being financed through short-term borrowing, which is due to be repaid in June 2004.) Projected Shortfall in 2004-05. The state is facing another large budget shortfall in 2004-05, which we estimate will be in the general range of $15 billion. This estimate assumes that the currently authorized $10.7 billion deficit -financing bond is sold and that the carryover 2002-03 deficit is thereby taken off the books. Absent the bond proceeds from this sale, the budget shortfall would be much larger. Proposal This proposition puts before the voters authorization for the state to issue a bond of up to $15 billion to deal with its budget deficit. The bond authorized by this measure would be used in place of the deficit -financing bond authorized last year by the Legislature. Repayment of Proposed Bond. The repayment of the bond would result in annual General Fund costs equivalent to one-quarter cent of California's sales tax revenues, compared to costs equivalent to one-half cent of sales tax revenues for the currently authorized bond. In addition, certain funds transferred to the state's Budget Stabilization Account (created in Proposition 58 on this ballot, if approved) would be used to accelerate the repayment of the bond. The measure includes a backup guarantee that if the sales tax revenues dedicated to the bond are insufficient to pay bond principal and interest in any year, the General Fund will make up the difference. This measure would become effective only if Proposition 58 on this ballot is also approved by the voters. Fiscal Effects The fiscal effects of the proposed bond are summarized in Figure 1, and compared to the currently authorized deficit -financing bond. The proposed bond would result in near-term budgetary savings compared to the bond authorized in current law, but added annual costs over the longer term. Specifically: http://www.lao.ca.gov/initiatives/2004/57_03_2004.htm 1/29/2004 Proposition 57: The Economic Recovery Bond Act Figure 1 Comparison of Bond Authorized in Proposition 57 With Previouslv Authorized Bond Page 3 of 3 Previously Authorized Deficit -Financing Proposition 57 Bond Bond Bond Amount $15 billion a $10.7 billion Annual General Fund Costs: • Annual costs related to sales tax diversion. • Potential annual payments from Proposition 58 reserve. Years to Pay Off Bond: • Using only sales tax revenues. • Assuming maximum $5 billion contribution from Proposition 58 $1.2 billion b $2.4 billion b $425 million in 2006-07 — $900 million in 2007-08 — $1.45 billion in 2008-09d 14 a Net proceeds to the General Fund would likely be less, depending on reserve requirements and other factors. b Costs are for 2004-05. Amounts would increase moderately annually thereafter. 0 Based on LAO out -year revenue projections and assumes no suspensions of transfer to reserve. d These amounts would increase moderately annually thereafter until cumulative total from reserve equals $5 billion. Near -Term Savings. The proceeds from the proposed bond would be up to $4 billion more than from the currently authorized bond. This would provide the state with up to $4 billion in additional one-time funds to address its budget shortfall. The state would also realize near- term savings related to debt service on the bond. This is because the payments would be based on one-quarter cent of annual sales taxes instead of one-half cent. As a result, annual General Fund costs would be one-half of the currently authorized bond for the next few years. Longer -Term Costs. The near-term savings would be offset by higher costs in the longer term. This is because the proposed bond would be larger ($15 billion versus $10.7 billion) and it would take longer to repay. As indicated in Figure 1, the proposed bond would likely take between 9 and 14 years to pay back, compared to a 5 -year period for the currently authorized bond. Return to Initiatives_ and Propositions Return to Legislative Analyst's Office Home -Page http://www.lao.ca.gov/initiatives/2004/57_03_2004.htm 1/29/2004 Agenda # 6.8 (b) Meeting Date: Feb. 3, 0 4 CITY COUNCIL AGENDA REPORT rN�<)RPORA,�� r9S9 TO: Honorable Mayor and Members the City Council VIA: Linda C. Lowry, City Manage TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT RECOMMENDATIONS: It is recommended that the City Council adopt the Resolution. FISCAL IMPACT: The impact of the measure on the City of Diamond Bar is undeterminable at this time. However, California cities would most certainly face increased reduction in State subventions if the State is unable to balance its budget. A detailed summary of the fiscal impact on the State is attached in the Legislative Analyst Office report (see Fiscal Impact). BACKGROUND / DISCUSSION: California has experienced major budget difficulties in recent years. After a period of high growth in revenues and expenditures in the late 1990s, state tax revenues plunged in 2001 and the budget fell badly out of balance. Although policymakers reduced program spending and increased revenues to deal with part of the shortfalls, the State has also carried over large deficits and engaged in a significant amount of borrowing from funds such as those for local government. The State budget faces another major shortfall in 2004-05, and it has a variety of other obligations—such as deferrals and loans from special funds—that are outstanding at this time. There are four main portions to this initiative Balanced Budget Requirement: The initiative will change the State constitution to require the budget ultimately passed by the Legislature or signed by the Governor to be balanced. Mid -Year Budget Adjustments: Proposition 58 will create a formal process in the Constitution to require that mid -year corrective actions be taken when the budget falls out of balance. Reserve Requirement. Reserve funds are typically used to cushion against unexpected budget shortfalls. The Constitution requires that the Legislature establish a prudent State Reserve Fund. It does not, however, specify the size of the Reserve, or the conditions under which funds are placed into the Reserve. Proposition 58 will do this. More information regarding the Reserve requirement can be found in the attached LAO report. Debt Related Provisions: The Constitution generally requires voter approval for debt backed by the State's general taxing authority. Over the years, courts have ruled that certain types of borrowing (including short-term borrowing to cover cash shortfalls and some bonds repaid from specific revenue sources) can occur without voter approval. The Constitution also requires that bonds submitted to the voters for approval be for a "single object or work" as specified in the respective bond act. For example, in past years, voters have been asked to authorize bonds for such single objects as education facilities, water projects, or prison construction. This portion of the initiative provides an exemption with regard to the "single object or work" bond criteria and thus, accommodates the $15 billion bond proposal in Proposition 57: The Economic Recovery Bond Act. Prepared with information from the State Legislative Analyst's Office. Prepared by: Ji larke, Legislative Analyst Proposition 58: The California Balanced Budget Act 60 FEARS OF SERVICE December, 2003 Background legislative analysts office Proposition 58 The California Balanced Budget Act California's Budget Situation Page 1 of 4 California has experienced major budget difficulties in recent years. After a period of high growth in revenues and expenditures in the late 1990s, state tax revenues plunged in 2001 and the budget fell badly out of balance. Although policymakers reduced program spending and increased revenues to deal with part of the shortfalls, the state has also carried over large deficits and engaged in a significant amount of borrowing. The state budget faces another major shortfall in 2004-05 and it has a variety of other obligations—such as deferrals and loans from special funds—that are outstanding at this time. Constitutional Provisions Relating to Budgeting and Debt There are several budget- and debt -related provisions in California's Constitution that are affected by this proposition. Balanced Budget Requirement. The Constitution requires the Governor to submit by January 10 of each year a state budget proposal for the upcoming fiscal year (beginning on July 1) which is balanced—meaning that estimated revenues must meet or exceed proposed expenditures. While this balanced budget requirement applies to the Governor's January budget submission, it does not apply to the budget ultimately passed by the Legislature or signed by the Governor. • Mid -Year Budget Adjustments. The Legislature has met in special session during the past three years to consider mid -year proposals to address budget shortfalls. However, there is no formal process in the Constitution to require that mid -year corrective actions be taken when the budget falls out of balance. • Reserve Requirement. Reserve funds are typically used to cushion against unexpected budget shortfalls. The Constitution requires that the Legislature establish a prudent state reserve fund. It does not, however, specify the size of the reserve, or the conditions under which funds are placed into the reserve. http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 Proposition 58: The California Balanced Budget Act Page 2 of 4 Debt -Related Provisions. The Constitution generally requires voter approval for debt backed by the state's general taxing authority. Over the years, courts have ruled that certain types of borrowing (including short-term borrowing to cover cash shortfalls and some bonds repaid from specific revenue sources) can occur without voter approval. The Constitution also requires that bonds submitted to the voters for approval be for a "single object or work" as specified in the respective bond act. For example, in past years, voters have been asked to authorize bonds for such single objects as education facilities, water projects, or prison construction. Proposal This proposition amends the Constitution, making changes related to (1) the enactment and maintenance of a balanced state budget, (2) the establishment of specific reserve requirements, and (3) a restriction on future deficit -related borrowing. The provisions are discussed in more detail below. Balanced Budget Provisions This proposition requires that the state adopt a balanced budget and provides for mid -year adjustments in the event that the budget falls out of balance. Balanced Budget. In addition to the existing requirement that the Governor propose a balanced budget, this measure requires that the state enact a budget that is balanced. Specifically, estimated revenues would have to meet or exceed estimated expenditures in each year. Mid -Year Adjustments. Under this measure, if the Governor determines that the state is facing substantial revenue shortfalls or spending deficiencies, the Governor may declare a fiscal emergency. He or she would then be required to propose legislation to address the problem, and call the Legislature into special session for that purpose. If the Legislature fails to pass and send to the Governor legislation to address the budget problem within 45 days, it would be prohibited from (1) acting on any other bills or (2) adjourning in joint recess until such legislation is passed. Reserve Requirement The proposal requires that a special reserve—called the Budget Stabilization Account (BSA)— be established in the state's General Fund. Annual Transfers. A portion of estimated annual General Fund revenues would be transferred by the State Controller into the account no later than September 30 of each fiscal year. The specific transfers are 1 percent (about $850 million) in 2006-07, 2 percent (about $1.8 billion) in 2007-08, and 3 percent (about $2.9 billion) in 2008-09 and thereafter. These transfers would continue until the balance in the account reaches $8 billion or 5 percent of General Fund revenues, whichever is greater. The annual transfer requirement would be in effect whenever the balance falls below the $8 billion or 5 percent target. (Given the current level of General Fund revenues—approximately $75 billion—the required reserve level would likely be $8 billion for at least the next decade.) Suspension of Transfers. The annual transfers could be suspended or reduced for a fiscal http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 Proposition 58: The California Balanced Budget Act Page 3 of 4 year by an executive order issued by the Governor no later than June 1 of the preceding fiscal year. Allocation of Funds. Each year, 50 percent of the annual transfers into the BSA would be allocated to a subaccount that is dedicated to repayment of the deficit -recovery bond authorized by Proposition 57. These transfers would be made until they reach a cumulative total of $5 billion. Funds from this subaccount would be automatically spent for debt service on that bond. The remaining funds in the BSA would be available for transfer to the General Fund. Spending From the Account. Funds in the BSA could be transferred from this account to the General Fund through a majority vote of the Legislature and approval of the Governor. Spending of these monies from the General Fund could be made for various purposes— including to cover budget shortfalls—generally with a two-thirds vote of the Legislature (same as current law). Related Provisions in Proposition 56. Proposition 56 on this ballot also contains new, but different, requirements related to a state reserve fund. Prohibition Against Future Deficit Borrowing Subsequent to the issuance of the bonds authorized in Proposition 57, this proposal would prohibit most future borrowing to cover budget deficits. This restriction applies to general obligation bonds, revenue bonds, and certain other forms of long-term borrowing. The restriction does not apply to certain other types of borrowing, such as (1) short-term borrowing to cover cash shortfalls in the General Fund (including revenue anticipation notes or revenue anticipation warrants currently used by the state), or (2) borrowing between state funds. Other Provisions This measure also states that: . With regard to the bond authorized by Proposition 57, the "single object or work" for which the Legislature may create debt includes—for that measure only—the one-time funding of the accumulated state budget deficit and other obligations, as determined by the Director of Finance. . Its provisions take effect only if Proposition 57 on this ballot is also approved by the voters. Fiscal Effects This measure could have a variety of fiscal effects, depending on future budget circumstances and future actions taken by Governors and Legislatures. Possible fiscal effects include: Balanced Budget and Debt Provisions. In recent years, as well as during difficult budget periods in the past, the Governor and Legislature have at times allowed accumulated budget deficits to carry over from one year to the next. This meant that spending reductions and/or revenue increases were less than what they otherwise would have been in those years. The provisions of this measure requiring a balanced budget and restricting borrowing would limit the state's future use of this option. As a result, the http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 Proposition 58: The California Balanced Budget Act Page 4 of 4 state would in some cases have to take more immediate actions to correct budgetary shortfalls. Reserve Requirement. The $8 billion reserve target established by this proposition is much larger than the amounts included in past budget plans. This larger reserve could be used to smooth state spending over the course of an economic cycle. That is, spending could be less during economic expansions (as a portion of the annual revenues are transferred into the reserve), and more during downturns (as the funds available in the reserve are used to "cushion" spending reductions that would otherwise be necessary). • Other Possible Impacts. The proposition could have a variety of other impacts on state finances. For example, to the extent that the measure resulted in more balanced budgets and less borrowing over time, the state would benefit financially from higher credit ratings and lower debt -service costs. Return to Initiatives and Propositions Return to Legislative Analyst's Office Home Paae http://www.lao.ca.gov/initiatives/2004/58_03_2004.htm 1/29/2004 RESOLUTION NO. 2004- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DIAMOND BAR SUPPORTING PROPOSITION 58: THE CALIFORNIA BALANCED BUDGET ACT WHEREAS, California's General Fund budget supports a variety of programs, including public schools, higher education, health, social services, and prisons; and WHEREAS, the State General Fund has experienced chronic shortfalls between revenues and expenditures since 2001-02; and WHEREAS, policymakers have reduced program expenditures, raised revenues, and taken a variety of other measures including borrowing from local governments; and WHEREAS, Proposition 58: The California Balanced Budget Act will amend the Constitution in order to enact and maintain a balanced State budget; and WHEREAS, Proposition 58 establishes specific State budget reserve requirements; and WHEREAS, Proposition 58 will establish a restriction on future deficit -related borrowing; and WHEREAS, Proposition 58 provides an exemption to the "single object or work" bond criteria and thus, accommodates the $15 billion bond proposal in Proposition 57: The Economic Recovery Bond Act NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Diamond Bar SUPPORTS Proposition 58: The California Balanced Budget Act and directs the following: SECTION 1. That the City Council of the City of Diamond Bar shall adopt the Resolution and the City Clerk shall certify to the adoption SECTION 2. That the City Council of the City of Diamond Bar asks all elected officials and Diamond Bar voters to support Proposition 58. PASSED, APPROVED AND ADOPTED this 3rd of February 2004. Bob Zirbes, Mayor I, LYNDA BURGESS, City Clerk of the City of Diamond Bar, California do hereby certify that the foregoing Resolution passed, approved and adopted at a regular meeting held on the 3rd day of February—, 2004, by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAINED: COUNCIL MEMBERS: LYNDA BURGESS, CITY CLERK CITY OF DIAMOND BAR