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03 Staff Report.Minutes 7-1 sm 110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832 www.losgatosca.gov TOWN OF LOS GATOS COUNCIL CLOSED SESSION MINUTES MEETING DATE: 08/06/2024 ITEM NO: 3 DRAFT Minutes of the Town Council Special Meeting Monday, July 1, 2024 The Town Council of the Town of Los Gatos conducted a Special Meeting in-person and utilizing teleconferencing means on Monday, July 1, 2024, at 5:15 p.m. to discuss placing a 1/8th cent Sales Tax measure on the November 2024 Ballot. MEETING CALLED TO ORDER AT 5:16 P.M. ROLL CALL Present: Mayor Mary Badame, Vice Mayor Matthew Hudes, Council Member Rob Moore, Council Member Rob Rennie (teleconference), and Council Member Maria Ristow. Absent: None VERBAL COMMUNICATIONS (ONLY ON ITEMS ON THE AGENDA) Tevis Ignacio - Commented on the prior meeting’s discussion of the sales tax and stated he was opposed to the tax. Jak Van Nada - Commented on the Town’s revenues and expenses, spoke about concerns with a general tax, and advocated for a specific tax. THE TOWN MOVED TO CLOSED SESSION ON THE FOLLOWING ITEM: 1. Adopt a Resolution to Place a 1/8th Cent Sales Tax on the November 2024 Ballot as a General Tax, Introduce an Ordinance to Approve the Tax Ordinance, Adopt a Resolution to Add a Companion Advisory Measure, and Authorize a Budget Adjustment in the Amount of $132,000 from the Available Capital/Special Projects Reserve. Katy Nomura, Assistant Town Manager presented the staff report. Town Attorney, Gabrielle Whelan, provided additional information. Mayor Badame reopened public comment on this item. Linda Swenberg - Commented on concerns with the tax measure and requested that Council take no action on this item. Mayor Badame closed public comment. Council asked questions and discussed the item. PAGE 2 OF 2 SUBJECT: Draft Minutes of the Special Town Council Meeting of July 8, 2024 DATE: July 29, 2024 Finance Director, Gitta Ungvari, provide additional information related to the Town’s finances. MOTION: Motion by Mayor Badame to take no action. Seconded by Vice Mayor Hudes. VOTE: Motion passed unanimously. ADJOURNMENT The meeting adjourned at 6:09 p.m. Respectfully submitted by: ___________________________ Wendy Wood, Town Clerk