RA 02-18-03TOWN OF LOS GATOS
CALIFORNIA
REDEVELOPMENT AGENCY
February 18, 2003
Minutes
REDEVELOPMENT AGENCY
The Redevelopment Agency/Town Council of the Town of Los Gatos met in the Council
Chambers of the Town hall, 110 East Main Street, at 7:03 p.m., Monday, February 18, 2003, in
joint regular session.
ROLL CALL
Present:Steve Glickman, Diane McNutt, Joe Pirzynski,
Mike Wasserman and Mayor/Chairman Sandy Decker.
Absent:None.
ACCOUNTS PAYABLE/RATIFICATION/JANUARY-FEBRUARY 2003 (10.V)
Motion by Mr. Glickman, seconded by Mr. Pirzynski, that Council/Agency ratify the
accompanying check registers for accounts payable invoices paid on January 31, 2003 and
February 7, 2003 in the amount of $566,736.08. Carried unanimously.
MINUTES OF FEBRUARY 3, 2003 (11.V)
Motion by Mr. Glickman, seconded by Mr. Pirzynski, that Council/Agency approve the
Minutes of February 3, 2003, Joint Council/Redevelopment Agency Meeting as submitted.
Carried unanimously.
MID-YEAR BUDGET 2002-2003/2ND QUARTER STATUS/BUDGET ADJUSTMENTS (15A.09)
Steve Conway, Finance Director, gave an overview of the 2002/2003 second quarter budget
performance and status report for the six months ending December 31, 2002 and the quarterly
status report on the Capital Improvement Program. He spoke of the downward turn of the Sales
Tax Revenues, Transient Occupancy Tax Revenues, Motor Vehicle In-Lieu Fees, Interest Income
Revenue, Franchise Fees and Miscellaneous Fees which have caused a total of almost $1.5
million in overall General Fund reductions for this year. Mr. Conway explained that the various
departments have been asked to implement a 6% reduction in their budgets for this year in order
to meet this decline in revenues, and that the Town is preparing to implement reductions in the
2003-2004 budget in preparation for meeting the signs of a continued downward trend in
revenues which may be compounded by reductions in State funding.
Motion by Mr. Glickman, seconded by Mr. Pirzynski, that Council accept 2002/2003 second
quarter budget performance status report-six months ending December 31, 2002. Carried
unanimously.
Motion by Mr. Pirzynski, seconded by Mr. Glickman, that Council authorize budget
adjustments as recommended in the attached second quarter budget performance report. Carried
unanimously.
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Minutes of the February 18, 2003
Redevelopment Agency Los Gatos, California
MID-YEAR BUDGET 2002-2003/CAPITAL IMPROVEMENT PROGRAM (15B.09)
Kevin Rohani, Town Engineer, gave an overview of the quarterly status report of the Town’s
Capital Improvement Program for the second quarter of budget year 2002-2003.
Ray Davis, spoke of the newly installed Winchester-Daves intersection crossing and its
increased safety for pedestrians and children going to school. He also asked about the progress
of the Blossom Hill sidewalk project for the safety of students going to Fisher School as they
cross over Highway 17. Lastly he brought attention to the pork chop islands that have been put
in and which he believes are dangerous for children to be waiting on since it brings them closer
to the moving traffic.
Motion by Ms McNutt, seconded by Mrs. Decker, to accept the quarterly status report on the
Town’s Capital Improvement Program ending second quarter of FY 2002/2003. Carried
unanimously.
REDEVELOPMENT AGENCY/AFFORDABLE HOUSING FUNDS (16.39)
Marty Woodworth, Redevelopment Manager, discussed the conceptual alternatives for use of
Redevelopment Agency Affordable Housing Funds in the near term such as: The Purchase of
Town Owned Property; Assisting in the Development of 20 Dittos Lane; Participating in Project
Match; and the Provision of Additional Funds to the Housing Trust of Santa Clara County.
Bob Campell, Executive Director of Project Match, spoke of low income seniors that this
service provides for. The populace is about 67,000 seniors in the county, living at approximately
at 35% of median.
Milt Mintz, spoke of the sale of Dittos Lane and some of the options that could be arrived at
with that sale.
Council Consensus
To commit redevelopment funds to Project Match and the Dittos Lane property with the goal of
providing affordable housing where it can do the most significant good, by meeting the needs of
isolated seniors by making a housing project within the downtown and which is near services
and transportation. This can be viewed in two phases. The long term phase would be working
out the details of the Dittos Lane property. The short term phase would be to partner with Project
Match and deliver some housing as soon as possible which will show the Town’s immediate
commitment to this social issue. There was also discussion of the Housing Trust being in
partnership with the Town for holding the funds as the projects are developed.
Staff asked to pursue the options and identify the amount of resources the Town has with the
Housing Trust at this time. There may be an opportunity to do both an immediate Project Match
and a longer term Dittos Lane. Staff to return with report on various options.
ADJOURNMENT
Mayor/Chairman Decker adjourned this evening's meeting at 11:15 p.m.
ATTEST:
Marian V. Cosgrove, Town Clerk
Secretary to the Redevelopment Agency
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