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HomeMy WebLinkAbout09.28.2021 SP Minutes @5:00MINUTES SPECIAL MEETING BUDGET STANDING COMMITTEE c9z1fo IA OF THE CITY OF SOUTH SAN FRANCISCO P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, California 94083 TUESDAY, SEPTEMBER 28, 2021 5:00 p.m. Teleconference via Zoom Housing Standing Committee conducted this meeting in accordance with California Governor Newsom 's Executive Orders N-25-20 and N-29-20 and COVID- 19 pandemic protocols. Call to Order. Time: 5:00 p.m. Roll Call. PRESENT: Councilmember Nicolas and Mayor Addiego. AGENDA REVIEW No changes REMOTE PUBLIC COMMENTS None MATTERS FOR CONSIDERATION Motion to approve the Minutes for the meeting of August 19, 2021. Motion — Councilmember Nicolas / Second —Mayor Addiego: to approve the minutes. The motion carried unanimously. 2. Study session regarding two Capital Improvement Projects (CIP) at Orange Memorial Park; the Sports Field Project and Pool Replacement Project with Recommended bond funding strategies. (Sharon Ranals, Assistant City Manager, and Janet Salisbury, Finance Director) Deputy Director Vitale introduced the item and provided an overview of the two Capital Improvement Projects at Orange Memorial Park, the Sports Field Project and Pool Replacement Project. Mayor Addiego inquired about the length the community impact would be without the pool during the Pool Replacement Project. Deputy Director Vitale advised the community would be without a pool for at least a couple of years. Mayor Addiego inquired whether the natatorium was a warm pool. Deputy Director Vitale stated the natatorium was a smaller warm pool that could be used for aerobics classes and therapy, while the larger pool could be used for pool activities like swim meets. Councilmember Nicolas inquired whether the sauna was located inside the multipurpose room. Assistant City Manager Ranals advised that the city currently had a sauna, but it currently did not have a set place for it. She believed it could be wedged in the multipurpose room. Finance Director Salisbury provided an overview of the financial portion of the project. Mayor Addiego was reassured of the projected cashflow. Councilmember Nicolas inquired when the $41 million lease revenue bond would be sold. Director Salisbury advised the lease revenue bond was projected to sell late summer/fall of next year. Councilmember Nicolas inquired of any potential risks regarding Measure W revenue if establishments were to move out. Director Salisbury explained how Measure W and sales tax revenue differed. She added that the Measure W revenue source historically has been very solid, and didn't see a lot of risks unless there was some legislative action. City Manager Futrell thanked the committee members for their feedback and advised staff would present their report to the entire City Council at the next meeting. ADJOURNMENT Being no further business Mayor Addiego adjourned the meeting at 5:36 p.m. Submitted by: Gabrie�f Rodriguez Deputy City Clerk Approved by the Budget Standing Committee: 'P 22 SPECIAL BUDGET STANDING COMMITTEE MEETING MINUTES Approved by: c - i Flor Nicolas Vice Mayor C, 9 / X22_ SEPTEMBER 28, 2021 PAGE 2