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HomeMy WebLinkAbout05/26/2009 - Study SessionCITY OF NEWPORT BEACH City Council Minutes City Council Study Session May 26, 2009 — 3:00 p.m I. ROLL CALL Present: Council Member Henn, Mayor Pro Tem Curry, Mayor Selich, Council Member Webb, Council Member Gardner, Council Member Daigle Excused: Council Member Rosansky Council Member Rosansky arrived at 3:25 p.m. II. CURRENT_ BUSINESS 1. CLARIFICATION OF ITEMS ON THE CONSENT CALENDAR - None 2. BUDGET REVIEW. City Manager Bludau reported that staff will utilize a PowerPoint presentation to discuss pending budget issues and that questions regarding departmental budgets will be addressed at the next study session. Facilities. Financing Plan (FFP) Deputy Administrative Services Director Kurth explained the purpose of the Facilities Finance Plan (FFP) and the different aspects of the FFP, emphasized that the FFP will mainly be used to replace existing facilities and is not part of the Capital Improvement Program (CIP), and reported that there are short term and long term focuses that go out 30 years. He noted that future generations will not need to put more than 5% into the FFP to continue the plan. He explained how the proposed FFP differs from last year's FFP, particularly as it relates to format and structure, scope and cost of Bands A and B projects, the effects on the FFP due to the current economic situation, the extended timeline from 15 years to 30 years, and the possibility of needing an increased contribution from the General Fund each year. He indicated that staff recommends that Council approve the current plan/schedule, re- evaluate the plan every six months or whenever significant information changes, the City be mindful of financial thresholds, and be wary of introducing new projects before completing Bands C and D, even if lower costs or new revenue allows for faster progress. In response to Council questions, Deputy Administrative Services Director Kurth confirmed that the amount of the General Fund contribution ramps up to a level percentage of 4.93% by 2016. However, he clarified that the City's contributions this year are not coming from the General Fund, but from appropriation surpluses. He indicated that the FFP can be adjusted depending on whether The Irvine Company's contributions are received early and emphasized that the biggest impacts on the FFP are development revenues and the actual cost of projects. Assistant City Manager Wood responded to questions regarding the Santa Barbara Condominium and Hyatt Volume 59 - Page 163 City of Newport Beach City Council Study Session May 26, 2009 Regency development agreements. City Manager Bludau confirmed that the timing of the City Hall and Park, Marina Park, and Sunset Ridge Park projects in the plan are in line with the City's environmental documents and permitting that is needed from other agencies. Mayor Pro Tem Curry commended staff for creating a flexible FFP and reiterated that it can be adjusted depending on revenues. He pointed out that the FFP can stay on schedule with the next three projects, even with the adverse economic situation, diminished revenues, and increased City Hall and Park project costs. He also commended Mayor Selich and Council Member Rosansky for negotiating development agreements that have added over $50 million in offsetting revenues so projects can move forward. Council Member Henn indicated that he is satisfied with the project priority order set forth in the FFP, as some projects have already begun, and the City will have opportunities throughout the process to increase or decrease projects when more substantial financial information is known. He emphasized that the FFP is taking place with the annual budget and that this year's budget is the toughest budget the City has had to tackle in ten years. He added that the FFP will be moving forward with a blaanced budget, even in light of current difficult economic times. He noted that the City's bond rating is AA and that the plan is intended to preserve this rating. Council Member Rosansky believed that the projects being proposed for the next five years are appropriately prioritized in the FFP and that there will be a recovery from the recession. He indicated that it is time to build the new City Ball since costs are low and that Marina Park and Sunset Ridge Park fulfills a need for West Newport. Potential State Borrowing of Property Tax Revenues Administrative Services Director Danner reported that, if Proposition 1A is imposed, a supermajority vote of the State Legislature is required to invoke the borrowing. The estimated amount this would cost the City is $5.8 million. Council Member Gardner suggested discussing this issue during the regular meeting so residents can begin contacting their Representatives. PERS Rates for FY 2011 -12 Administrative Services Director Danner highlighted the rates and amounts the City will be paying. He indicated that the PERS Board is proposing to mitigate the impacts of the increases based on many assumptions and described the corridor methodology. He noted that the PERS Chief Actuary supports the proposal and that, historically, 7.75% is a supportable rate. He added that PERS is running at a 31% loss this fiscal year and will not know the final rate of return until September. He reported that this is not a budget issue this year, but will need to be dealt with in the near future. In response to Council Member Henn's questions, Administrative Services Director Danner reported that the rate of change depends on payroll volatility. He indicated that, if the PERS Board does not adopt the proposal, the miscellaneous rate will increase almost $1.4 million and the safety rate will increase almost $4.8 million in 2011 -2012; in 2012 -2013, the rates would increase $431,000; and $445,000 in 2013- 2014. However, if the proposal is adopted, the miscellaneous rate will increase $182,000 and the safety rate will increase $628,000 in 2011 -2012; in 2012 -2013, there Volume 59 — Page 164 City of Newport Beach City Council Study Session May 26, 2009 will be a $2.5 million increase; and a $3.5 million in 2013 -2014 Lower Say Dredgng Assistant City Manager Kiff discussed the Lower Bay Dredging Project, compared Upper Newport Bay and Lower Newport Bay, highlighted critical issues related to the project and cost estimates, and discussed the proposed timeline for the project. He indicated that stimulus money will be used for the Upper Newport Bay dredging and the congressional appropriations money will be used for the Lower Newport Bay dredging. He confirmed that the $17.8 million for the Upper Newport Bay dredging project cannot be rescinded and that there is only a small chance that Congress would rescind the $1.8 million proposed by the President for the Lower Newport Bay project. He noted that the City established the Robinson - Skinner Annuity and the City pays about $200,000 /year to sediment control facilities to handle ongoing maintenance of the Upper Newport Bay. He stated that the Lower Newport Bay will need future dredging; however, it can be maintained, as long as sediment is controlled upstream. He stated that the City will continue to request a long term funding source from Congress, but recommended also considering a local funding source. Following the dredging projects, Assistant City Manager Kiff indicated that the City will need to deal with eelgrass so people can dredge underneath their docks, continue to maintain the Bay, and tackle Total Maximum Daily Loads (TMDL) issues. Harbor Resources Manager Miller discussed areas that are County, City, or privately -owned that need dredging and possibly include those in the larger projects. He noted that he prepared a chart that projects what the Harbor needs, including maintenance- In response to questions, Assistant City Manager Kiff indicated that staff will be discussing funding and the project with the Army Corps of Engineers this week. He discussed the need for either California Environmental Quality Act (CEQA) or National Environmental Policy Act (NEPA) reports, depending on which entity takes the lead in the project. City Attorney Hunt added that joint Environmental Impact Reports (EIR) and Environmental Impact Statements (EIS) will also be prepared - Assistant City Manager Kitt' reported that the size of the Confined Aquatic Disposal (CAD) site may need to be increased to accommodate the Rhine Channel's material. Harbor Resources Manager Miller discussed how big the CAD may be, but noted that the size depends on how much sediment needs to be disposed. Council Member Henn indicated that the current preferred site for the CAD is between Lido Isle and Balboa Peninsula, and that the residents are interested in the exact CAD dimensions, impacts to the area, and alternatives that were considered in addition to the CAD. He requested that more outreach occur. Need for Water Rate Increase Utilities Director Murdoch reported that current revenues do not meet expenditures, the water reserve policy is not being met, the cost of water is increasing $4 million to $5 million, and water supplies are decreasing. He reviewed the history of the issue, noting that the City conducted its last rate increase in 2005. He reported that Red Oak Consulting conducted a rate study in February 2008 and highlighted the cost of purchasing water, projected expenditures, what would happen if the City did not increase the water rates, the proposed five -year financial plan, and recommended rate increases. He demonstrated how the increase could impact a single - family residence, using an interactive bill calculator, and indicated that a majority of customers will Volume 59 - Page 165 City of Newport Beach City Council Study Session May 26, 2009 only see a slight increase. He provided a history of Proposition 218 and discussed future actions that need to take place in order to enact a water rate increase and a new water conservation ordinance. He reported that the Utilities Department has already cutback on operating and maintenance costs and, if rates are not increased, the City's reserves would be depleted, water would need to be cut back, and there would probably need to be employee layoffs. In response to Council questions, Utilities Director Murdoch reported on the status of the Balboa Island infrastructure and noted that the plans for the project are complete; although, due to the "no" vote on the Balboa Island utilities underground project (Assessment District No. 87), the planned water line replacements should be deferred. He indicated that the timing of the Balboa Island work can be delayed without affecting quality or reliability of water, and that the money originally intended for this work will be redistributed amongst other projects or not spent at this time. He added that the City has been aggressive with its CIP cast iron mairdinfrastructure replacement, groundwater, and reservoir cover projects. He pointed out that newer cities did not use cast iron pipelines, so their maintenance level is lower than Newport Beach's. He reported that the amount the City currently invests in maintenance is about the same as other cities and entities. He emphasized that the City's system is very reliable and reported that there were no breaks during the recent earthquake. III. PUBLIC COMMENTS - None City Attorney Hunt reported that Closed Session Item C -1 (Conference with Real Property Negotiator) will not be discussed during Closed Session. IV. ADJOURNMENT - 5:07 p.m. The agenda for the Regular Meeting was posted on May 20, 2009, at 4:19 p.m. on the City Hall Bulletin Board located outside of the City of Newport Beach Administration Building. â€Ēr. ri F City Clerk `L Volume 59 — Page 166