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Home My WebLink About01C-Blue Ribbon Committee - CI~ OF SAN BERNARDQO - REQUaT FOR COUNCIL AC9'ON Om: gdward Wheeler, Chairman General Obligation Bond Blue Ribbon Committee Subject: Report from. General Obligation Bond Blue Ribbon Committee [)ept: Oltl: May 1, 1989 SynopsIS 01. Previous Council action: ~'ph. lO, 1989 - Formation of General Bond Committee was approved. Selection of Committee members. General Obligation Bond Committee presented recommendations to Mayor and Council. Mayor and Council approved reconvening of General Obligation Bond Committee in January 1989 and the removal of Council members fro. appointment to the Committee. . General Obligation Bond Committee directed to continue to evaluate financing mechanisms for funding capital improvement needs with the intent of recommending a general obligation bond issue on an upcoming ballot. May 31, 1988 .June 21, 1988'- .July 18, 1988 - 11('('. c" 1988 Recommended motion: O' The General Obligation Bond Blue Ribbon Committee recommends that the Mayor and Common Council place on the November 1989 ballot a general obligation' bond issue in the amount of $32,690,000 for the following proposals: 1. Police facilities $20,000,000 2. Transportation improvements $8,560,000 3. Park improvements and facilities $4,130,000 ~/g).IJ,/Z1 . Signature . Contact person:.. Edward Wheeler/Fred wilson Phone: 5122 Supporting data attached: Yes Ward: All FUNOING REQUIREMENTS: Amount: Source: (Acct. No.) (Acct. DescriDtionl Finance: o Council Notes: __. L.~ .-'-~1~',.-~,,;;,~;.:;.:~~~^.-.:~....,.~..... .- 1 CI-R OF .UN BERNARDlao - REQUaTFOR COUNCIL AC~ON o STAFF REPORT The General Obligation Bond Blue Ribbon Committee reconvened on February 2, 1989 pursuant to Mayor and Council direction to begin to evaluate options for financing the capital improvement needs previously identified. As you may recall, the General obligation Bond Committee. submitted a report to the Mayor and Common Council in July 1988 recommending that a General obligation Bond Issue in the amount of $48,000,000 be placed on the November 1988 ballot. The action taken by the Mayor and Council at that time was to deny that recommendation and to refer the study back to the Committee tor further analysis. The General Obligation Bon~ Committee has held. numerous meetings since February 2, 1989 to discuss the project listing as well as alternate funding sources which could be used to reduce the amount of a General Obligation Bond Issue. Based on these discussions, the attached revised listing of projects is being recommended by the General Obligation Bond Committee for inclusion in a General Obligation Bond Issue. It was further recommended by the Committee that the proposed General obligation Bond Issue be submitted to the voters through the following three programs: o .1. Police facilities 2. Transportation improvements 3. Park improvements and facilities The Committee also recommended that the G.O. Bond proposal be included on the November 1989 election ballot. If the Mayor and Common Council approve the recommendation to place the General Obligation Bond Issue on the November ballot, Bond Counsel Services will be needed to prepare the appropriate ordinances and resolutions. It is anticipated. that th~ cost of retaining legal services would be approximately $5,000. A timeframe will also be prepared indicating the deadlines for meeting the legal requirements associated with placing this measure on the November ballot. Edward Wheeler, Chairman General Obligation Bond Blue Ribbon Committee EW/sh o Attachment 0 0 0 c> -, '" VI .... W IV .... 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Z ~ "l --J 0 w 1\J000OUlO ... l\JI\JOO ... ...... 0 ~ ,..., 0 0 0 00000 0 0000 0 ;to ~' ::l . . . , . . . . . ::s p. 0 0 0 00000 0 0000 0 IT 1"- C.. 0 0 0 00000 0 0000 0 ::s ,~ ) 0 0 0 00000 0 0000 '" G):ll 0 V'> . l1l ,~ <J) '" '" 0..0 "J ... '" ..... co 0 . ~ . 1"' ,J' ..... -.J ..... '" U1 0 III >1 '"' w 0 -..I '" '" 0 0 (1) ::J 0 0 0 0 0 o. ::s p. . . p. () 0 0 0 '" '" 0 In HI .') 00 0 0 0 0 >1 -, 00 '" 0 0 0 a o o o o o G.O.BOND COMMITTEE M.IHU:rg2 April 14, 1989 MEMBERS PRESENT: o Q Edward Wheeler, 2nd Ward; Bill Heitritter, Mayor; Wade Byars, 1rd Ward; John Lightburn, 1st Ward; Geneva Woods, 7th Ward OTHERS PRESENT: Jim RObbins, Acting city Administrator; Fred Wilson, Assistant to city Administrator; John wilson, Deputy City Attorney; Craig Gra~es, city Treasurer; Marilyn Dixon, ~xecutive Secretary . ---------------------------------------------------------- The purpose of this meeting was to finalize the proposed list of projects recommended for G. O. Bond financing to be submitted to Council for their approval and to discuss.the strategy for placing the measure on the ballot. Chairman Wheeler felt the list still contained too many projects and that money was sufficiently "tight" in the City of San Bernardino that the voters would not support an increase in property tax unless they really felt the project would be of major benefit. Mr. Lightburn pared down and f'olice station disagreed say~n~ the list was sufficiently felt the rema1n1ng projects especially the could be sold. Geneva Woods expressed doubt as to the police facility for $20 million. facility going to stop crime, drugs, that it would be a de-centralized police services throughout the entire ability to sell a new How is a costly new etc. It was explained facility improving the. City. The question of how specific the language should be on the ballot measure was discussed at great length. Mr. Lightburn .was in favor of asking the voters to authorize just a specific sum of money without earmarking it for specific project improvements. Mr. Wheeler disagreed favoring the approach of earmarking so many dollars for a specific project. .Jim Robbins suggested we follow the example of Phoenix who has had success with their bond proposals. They took 17 separate issues but did not allocate specific sums to each pr'oj ect; rather, they tied $12 million fo water facilities; $4 million to park improvements, etc. City Treasurer craig Graves felt the average citizen would not understand nor --~.."';"""- o . O. approve money g01ng for "1nterconnect He recommended splitting up the categories: 9gnals" , projects o for instance. into three o 1. 2 . 3. Public safety Parks streets In response to a question from felt that any other source of been exhausted. Bill Heitritter, Craig Graves funds for these projects has MOTION: That the Committee recommends to council an amount of $32 million of three bond proposals: the Mayor and city dollars in terms a. Police facilities b. Transportation needs c. Park improvements and facilities. Moved by: John Lightburn Seconded by: Geneva Woods A discussion ensued with over to Mr. Robbins so alternate motion: Mr. Wheeler turning the chairmanship that Mr. Wheeler could make an MOTION: c That item #2, 3, 4 and 5 be deleted from the list of projects included in the bond proposal. The motion died for lack of a second. Mr. Wheeler reassumed the Chairmanship. The first motion was then unanimously approved. Jim Robbins discussed the marketing of this proposal and what should the Committee's function be in this segment. He further suggested the Committee recommend a date for our recommendation to go to City council as well as a ballot date for the proposal to go to the voters. John Lightburn felt the ballot measure election date should be a decision of the Mayor and Council. Bill Heitritter agreed and felt that as a Committee, we have completed our charge as directed and the selection of a date as well as the marketing and/or education of the proposal should be up to the Council. " Mr. Wheeler felt strongly that we should at least recommend a date to Council as part of our task so the following motion. was made: MOTION: That the proposed G. O. Bond proposal be recommended to Council for inclusion on the - o. o November 1989 School o Board Election. :> Moved by: John Lightburn Seconded by: GenevaWoods o The motion was unanimously approved. MOTION: That the Committee's recommendation to Council be placed upon the Agenda for the May 15, 1989 Council Meeting. Moved by: Bill Heitritter Seconded by: Geneva Woods The motion was unanimously approved. It was the consensus of those present not to dissolve as a Committee until specific direction is received by Council at the May 15 Council Meeting. There being no further business, the meeting was adjourned. at 10:10 a.m. Respectfully submitted: ...>~7'./.~",-c~C:;-<~ . . MAJtILYN DIXON 4C) Executive Secretary Imd 10 .