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Invocation
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The invocation was given by Pastor Paul Clairville.
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Flag Salute
ROLL CALL |
The pledge of allegiance to the flag was led by Ms. Dolan, Administrative
Analyst II, City Manager�s Office.
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Present- |
Council Members Campbell, Golonski, Ramos, Vander Borght and Murphy. |
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Absent - - - - |
Council Members None. |
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Also Present - |
Ms. Alvord, City Manager; Mr. Barlow, City Attorney; and, Mrs. Campos,
City Clerk.
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Initial Open
Public Comment
Period of Oral
Communications |
Ms. Murphy called for speakers for the initial open public comment period
of oral communications at this time.
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Citizen
Comment |
Appearing to comment were
Robert Norlemann,
Sergeant with the Los Angeles County Sheriff�s Department and founder of
the Downed Officers Support Ride, announcing a motorcycle ride on May 2,
2004 in honor of slain Officer Matthew Pavelka and in support of Officer
Campbell; Edward Guerrero, alleging false claims against him by the City;
and, Mark Barton, denying allegations that he represented himself as a
City employee.
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Staff
Response |
Members of the Council and staff responded to questions raised.
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Agenda Item
Oral Communications |
There was no response to the Mayor�s invitation for speakers for the
agenda item oral communications at this time.
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Motion |
It was moved by Mr. Campbell and seconded by Mr. Vander Borght that "the
following items on the consent calendar be approved as recommended.�
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Minutes
Approved |
The minutes for the regular meetings of February 24, March 2 and March 9,
2004 were approved as submitted.
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1301-3
2003 Sidewalk
Repair Project
(B.S. 1135) |
RESOLUTION NO. 26,687:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING AND ADOPTING
CONTRACT DOCUMENTS, PLANS AND SPECIFICATIONS, AND DETERMINING THE LOWEST
RESPONSIBLE BIDDER, ACCEPTING THE BID, AND AUTHORIZING EXECUTION OF A
CONTRACT FOR 2003 SIDEWALK REPAIR PROJECT, BID SCHEDULE NO. 1135.
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1204-1
Final Map No.
54037 (417 S.
Seventh St.) |
RESOLUTION NO. 26,688:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING FINAL MAP OF
TRACT NO. 54037 (417 SOUTH 7TH STREET).
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1300
Extend Price
Agmt. with
CAM Services |
RESOLUTION NO. 26,689:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING THE EXTENSION
OF THE EXISTING PRICE AGREEMENT BETWEEN THE CITY OF BURBANK AND CAM
SERVICES FOR THREE YEARS.
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916
LA County
Recycling Market
Dev. Zone |
RESOLUTION NO. 26,690:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK SUPPORTING RENEWAL OF
THE LOS ANGELES COUNTY RECYCLING MARKET DEVELOPMENT ZONE (RMDZ).
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1301-1
As-Built Drawings
for Left-Turn
Phasing (B.S.
1123) |
RESOLUTION NO. 26,691:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING THE AS-BUILT
DRAWINGS FOR THE INSTALLATION OF LEFT-TURN PHASING AT TEN INTERSECTION
PROJECT, BID SCHEDULE NO. 1123.
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Adopted |
The consent calendar was adopted by the following vote:
Ayes: Council Members
Campbell, Golonski, Ramos, Vander
Borght and Murphy.
Noes: Council Members None.
Absent: Council Members None.
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1414
Posting for �No
Parking� for
Street Sweeping |
Mr. Fischer,
Assistant Public Works Director/Streets and Sanitation, requested
Council authorization to proactively seek individual neighborhood approval
to post streets for no parking during street sweeping hours. He recounted
that in 1964 the City posted no parking for street sweeping signs where
parked cars blocked curb access. He added that in 1975 the City was
divided into five sweeping districts, each to be cleaned weekly and that
the streets were swept on alternate sides designated as side "A" or side
"B" on consecutive days. He noted that the City received many complaints
from residents who were confused by the A/B designations. Also, he noted
that following a survey of residents, staff concluded that public support
for sign installation in most neighborhoods was weak. Consequently, he
stated that the Council established a policy that a petition, submitted to
the Traffic Engineer, signed by more than 50 percent of the residents or
property owners on a requesting block, was necessary before a street would
be posted.
Mr. Fischer stated that in conjunction with the City's conversion to an
automated refuse collection program in 1993, street sweeping scheduling
adjustments were made to eliminate conflicts in the sweeping and refuse
collection schedules, and the A/B designations were dropped from street
sweeping signs. He added that in the latter part of 1995, the Council
further refined the signage policy for street sweeping by reducing the no
parking hours from four to two hours and changing the schedule so that
sweeping occurs the next two days following a street�s regular refuse
collection day.
Mr. Fischer informed the Council that approximately 60 percent of
residential streets are currently posted for a two-hour period of no
parking during sweeping operations and that the City�s Municipal Storm
Water Permit requires regular sweeping of streets and parking lots. He
noted that any material on a street will naturally migrate to the side of
the street as traffic flows through the area and that unless the material
along the curb is collected through the sweeping operation or through
private efforts, it remains in the curb and blocks drainage causing debris
build-up and/or is carried into the storm drain system.
Mr. Fischer stated that staff is proposing to proactively seek
neighborhoods willing to post their street for no parking during street
sweeping hours. He explained that staff will continue to utilize the
petition process established in 1975, which requires more than 50 percent
of the residents or property owners to sign a petition requesting
posting.
Staff was directed
to provide the neighborhoods with educational information on the need for
protecting the storm water drainage system from debris prior to seeking
approval to post streets for no parking during street sweeping hours. The
Council also suggested a 60- to 90-day grace period from issuing parking
tickets for new streets posted for no parking.
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804-4
1005
Issuance and
Sale of Bonds
To Refund
Certain Pension
Obligations of
the City |
Mr. Hanway, Financial
Services Director, requested Council authorization to sell up to
$25,150,000 of pension bonds to refund an Unfunded Accrued Actuarial
Liability (UAAL) of the City. He explained that the UAAL is the
difference between the liability of current pension benefits earned
compared to the actuarial value of assets on hand. He added that the
Public Employees Retirement System (PERS) amortizes the UAAL at an 8.25
percent interest rate and noted that issuing bonds at a lower interest
rate creates economic gain to the City for the difference between the two
rates. He explained that the City�s PERS obligation consists of two
parts: 1) the normal cost which is the cost of the current pension
benefits offered by the City; and, 2) an amortization of the UAAL.
Mr. Hanway reported that the Police and Fire Safety UAAL is $24,946,810 as
of the latest PERS actuarial date of June 30, 2002. To explore the
financing options, he stated that a financing team was selected,
including: Peter Ross, Ross Financial, Financial Advisor; Brian Quint,
Quint & Thimmig, Bond Counsel; and, John Bartel, Bartel & Associates,
Consulting Actuary. Based on the review of financing options available,
he stated that the Financing Team recommends the issuance of variable rate
Pension Obligation Bonds (POB) of not to exceed $25.15 million. He added
that in order to provide an internal hedge of the risk of increasing
interest rates, the Financing Team recommended that: the savings between
the variable rate debt service versus a fixed rate be used to prepay bond
principal to reduce the exposure to interest rates increasing as principal
should be paid more quickly; and that $10 million be set-aside as a
reserve for the POB within the General Fund. He noted that the interest
associated with the $10 million will be credited to the POB reserve and as
short-term interest rates rise, interest earned on the $10 million reserve
fund will increase as well. He also added that the City would have the
flexibility to use the $10 million reserve fund to prepay the variable
rate POB every 30 days.
Mr. Hanway further explained that the $10 million POB reserve fund will be
funded from the Redevelopment Agency paying the City $6 million (Hilton
note proceeds) related to the City Centre Redevelopment Project Area debt
with the General Fund and $4 million from the Burbank Water and Power
Utility Users Tax and In-lieu Taxes Set-Aside Fund. He added that the
financing team received fee quotations from underwriters, bond insurers
and liquidity providers related to the issuance of variable rate debt and
based on the results of these proposals, the financing team recommends a
direct bond purchase by DEPFA Bank. He explained that a direct bond
purchase simplifies the proposed transaction which leads to lower costs of
issuance and a lower all in annual borrowing cost. He noted that the
total estimated cost of issuance fees of $175,000 are significantly less
than the estimated fees of $480,000 related to insured variable rate
demand bonds.
Mr. Hanway informed the Council that the proposed financing is estimated
to generate average annual savings of approximately $900,000, based on the
interest rates assumed in the analysis as measured against the PERS
actuarial rate of return. He noted that if the City were to issue fixed
rate bonds in the current market, its annual savings as measured against
the PERS actuarial rate of return would be approximately $530,000. He
added that the $530,000 savings represents a 2.2 percent reduction in the
PERS rate paid by the City related to the Police plan and a 2 percent
reduction related to the Fire plan. In addition to the above savings, he
stated that it is anticipated that additional savings above the $530,000
will retire the bonds one year earlier than a fixed rate bond issue.
Mr. Hanway also
noted that if approved, judicial validation proceedings will proceed to
validate the approved transaction prior to the issuance of the bonds.
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Motion |
It was moved by Mrs. Ramos and seconded by Mr. Golonski that �the
following resolution be passed and adopted:�
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804-4
1005
Issuance and
Sale of Bonds
To Refund
Certain Pension
Obligations of
the City |
RESOLUTION NO. 26,692:
A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK AUTHORIZING THE
ISSUANCE AND SALE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $25,150,000
TO REFUND CERTAIN PENSION OBLIGATIONS OF THE CITY, APPROVING THE FORM AND
AUTHORIZING THE EXECUTION OF A BOND PURCHASE AGREEMENT, AUTHORIZING
JUDICIAL VALIDATION PROCEEDINGS RELATING TO THE ISSUANCE OF SUCH BONDS AND
AUTHORIZING ACTIONS RELATED THERETO.
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Adopted |
The resolution was adopted by the following vote:
Ayes: Council Members
Campbell, Golonski, Ramos, Vander
Borght and Murphy.
Noes: Council Members None.
Absent: Council Members None.
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1503
1504
BWP Monthly
Water and
Power Operations
Report |
Mr. Davis, General Manager, Burbank Water and Power (BWP), presented BWP�s
monthly Water and Power Operating Report for the month of March 2004. He
stated that water
quality continued to meet or exceed State, Federal and the administrative
standards set by the Council.
Mr. Davis informed the Council that the Water Division�s financial results
are above budget and the reserves are adequate. On the electric side, he
reported that there were no power outages, the revenues are on budget, the
power supply costs are under budget and wholesale margins continue to
exceed expectations. He also noted that steady progress is being made
towards building reserves with anticipation of reaching the recommended
levels next year despite capital expenditures.
Mr. Davis also gave a status update on the power plant operations and the
Magnolia Power Project. He also stated that the new customer billing
information system will be in operation the following week and commended
Public Works, Information Technology and Financial Services staff who have
contributed much to the project.
With regard to undergrounding utilities, Mr. Davis reported that staff�s
research revealed that the approach undertaken by other cities was much
more aggressive than what was being proposed and that the expenditures
were substantial as well. He stated that staff is also analyzing legal
issues and that a Utility Undergrounding Study Session will be scheduled
as soon as all the information is compiled.
The Council noted and filed the report.
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Ordinance
Submitted |
It was moved by Mr. Vander Borght and seconded by Mr. Campbell that
�Ordinance No. 3635 be read for the second time by title only and be
passed and adopted.� The title to the following ordinance was read:
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604
Chair Massage
And Massage
Technicians |
ORDINANCE NO. 3635:
AN ORDINANCE OF THE COUNCIL OF THE CITY OF BURBANK AMENDING SECTION 8-2201
AND 8-2205(b)(2) OF CHAPTER 8, ARTICLE 22 OF THE BURBANK MUNICIPAL CODE TO
DEFINE CHAIR MASSAGE AND EXEMPT CHAIR MASSAGE FROM CERTAIN REQUIREMENTS OF
MASSAGE ESTABLISHMENTS AND MASSAGE TECHNICIANS.
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Adopted |
The ordinance was adopted by the following vote:
Ayes: Council Members
Campbell, Golonski, Ramos, Vander
Borght and Murphy.
Noes: Council Members None.
Absent: Council Members None.
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Final Open
Public Comment
Period of Oral
Communications |
Ms. Murphy called for speakers for the final open public comment period of
oral communications at this time.
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Citizen
Comment |
Appearing to comment were
Theresa Karam,
commenting on the case of Karam v. City of Burbank; Ron Vanderford,
commenting on the case of Karam v. City of Burbank; Eden Rosen,
distributing information from Visa and MasterCard with regard to fees,
commenting on liability of pet owners who do not keep their pets on a
leash and on residents expressing anger towards the Council if their
concerns are not addressed; and, Mike Nolan, commenting on the issuance of
bonds to refund certain pension obligations of the City.
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Staff
Response
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Members of the Council and staff responded to questions raised.
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Adjournment |
There being no further business to come before the Council, the meeting
was adjourned at 8:48 p.m. to Tuesday, April 6, 2004 at 5:00 p.m. in the
Council Chamber for a Traffic and Transportation Study Session.
____________________________
Margarita Campos, City Clerk
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