HomeMy WebLinkAbout28 - Potential Ballot Initiative for Issuance of Certain Certificates of Participation and Other Lease Revenue Obligations - Additional InfoFrom:
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Hi Folks—
Kiff. Dave
Brown, Leilani; Haro, Aaron
About Two Agenda Items Tomorrow (Tues, June 12, 2018)
Monday, June 11, 2018 7:28:34 PM
June 12, 2018
Closed Session &
Item No. 28
I have been made aware through e-mails and comments that there may be some confusion about
two important items on the City Council's agenda for tomorrow—Tuesday, June 12th, 2018.
First, the Lido House Hotel (LHH) Closed Session discussion. Several months ago, our staff (including
me) had a conversation with Mr. Robert Olson of RD Olson (the LHH operator). I had heard about
his rumored interest in purchasing the hotel site, and wanted to respectfully follow-up with Bob.
This conversation occurred in good faith on both sides. No commitments were made by Bob or by
me and this matter is on the Closed Session agenda at our City staffs request.
Second, on the proposed Charter amendment, the Council on May 22, 2018 in public session
approved what we call an "A-1" item (where the Council sees if 3 or more Council Members would
like to debate something formally at an upcoming date) to discuss a possible City Charter
amendment that would require voter approval of certain debt, like lease -revenue bonds and
Certificates of Participation (COPS).
Fast forward to Friday, June 8. While I wasn't confused about when exactly this would land on the
agenda, not everyone can read my mind. I was planning on bringing it forward on June 26th. But
then I boldly went out of town to go backpacking in the Sierras with zero cell phone coverage for
miles. How wonderful was that? A heck of a lot. Anyway, back in civilization, our staff here was
confused about the timing. Fully appropriately given that I was unavailable, my staff added it to the
June 12 agenda just in case. Today, arriving back in town with several mosquitos in tow (you're
welcome, Newport!), the mosquitos and I are going to respectfully recommend that the Council
continue this item to the June 26th meeting, so that the Council and community gets more adequate
lead time for this important issue.
Please know that I do intend to bring the item back on June 26th formatted so that the Council can
place something on the ballot for November 2018 should a majority choose to do so.
Sincerely,
Dave Kiff
City Manager