HomeMy WebLinkAbout011696AM-cc_CCv0001.pdf MINUTES of an adjourned regular meeting of the City Council of the City of Redlands held
in the Council Chambers, Civic Center, 35 Cajon Street, on January 16, 1996, at
9:00 A.M.
PRESENT Swen Larson, Mayor
Pat Gilbreath, Mayor Pro Tem
William E. Cunningham, Councilmember
Gilberto Gil, Councilmember
Geni A. S. Banda, Councilmember
Gary M. Luebbers, City Manager
Daniel J. McHugh, City Attorney
Lorrie Poyzer, City Clerk
Marjie Pettus, Administrative Services Director
Jeffrey L. Shaw, Community Development Director
Steven M. Chapman, Finance Director
John Habant, Fire Division Chief
Gary G. Phelps, Municipal Utilities Director
Michael L. Huffstutler, Assistant Utilities Director
Lewis W. Nelson, Police Chief
Ronald C. Mutter, Public Works Director
John Andrews, Redlands Daily Facts
Sulipsa Luque, The Sun
ABSENT None
Citrus Plaza Regional Mall - Development Impact Fees - City Manager
Luebbers reported to the City Council that the development agreement
negotiations with representatives of Majestic Realty for the Citrus Plaza
Regional Mall have been going well except for the discussions regarding
development impact fees. The temporary reduction of these fees approved by
the City Council in September 1994 will expire prior to issuance of their
building permits and the applicant wants the reduced rates extended for their
project. Public Works Director Mutter, Municipal Utilities Director Phelps, and
Assistant Utilities Director Huffstutler reviewed the fiscal impacts of the
development impact fees at the full rates and the reduced rates. David Wheeler,
Vice President/Partner of Majestic Realty, requested a two week continuance so
that they could analyze the information presented at this meeting. He pledged
that their project would be annexed to the City before "one single cent of sales
tax" was received; that they will develop the project with the highest standards
in the industry; and that they will pay their fair
Adjourned regular meeting
January 16, 1996
Page 1
share of any development fees and not ask anyone to subsidize their project.
Harry Newman, Newman Properties, indicated he would address the City
Council at the continuance. A resident, Gary Negin, urged the City Council to
require Majestic to pay their full share and annex to the City. On behalf of The
Redlands Association, Tex Moore pointed out this property is within the
boundaries of the NDA and that a portion of the tax receipts will go to the
IVDA. Councilmember Gil moved to continue this discussion to February 6,
1996, at 9:00 A.M. Motion seconded by Councilmember Gilbreath and carried
with Councilmembers Cunningham and Banda voting NO
The City Council meeting briefly recessed at 9:58 A.M. and reconvened at
10:02 A.M. to hold a joint meeting with the Board of Directors of the
Redevelopment Agency.
Certificates of Participation Refunding - Finance Director Chapman reported he
has been actively involved with Miller & Schroeder Financial since October,
1995,. when the bond market's long-term fixed rates began moving downward,
in pursuing a bond refunding strategy. A Comprehensive Financing Plan dated
November 15, 1995, has been distributed to Councilmembers and provided an
analysis of present value and cash flow savings for each variable rated bond
issues. Mr. Chapman reviewed the advantages and disadvantages of refunding
the bonds and recommended use of the fixed rate. Councilmembers discussed
whether or not to continue using Miller & Schroeder Financial as the City's
financial advisor and underwriter. Councilmember Gilbreath moved to approve
Miller & Shroeder Financial, Inc. as the financial advisor and underwriter for
the City's Water and Sewer Certificates of Participation. Motion seconded by
Councilmember Larson and following discussion, the motion failed by the
following vote:
AYES: Councilmember Gilbreath
NOES: Councilmembers Cunningham, Gil, Banda; Mayor Larson
Staff will solicit bond refunding proposals from at least two other public finance
firms and report back to the City Council.
ADJOURNMENT
There being no further business, the City Council meeting adjourned at
10:50 A.M. The next regular meeting will be held on January 16, 1996, at
3:00 P.M.
City Clerk
Adjourned regular meeting
January 16, 1996
Page 2