BURBANK REDEVELOPMENT AGENCY

Tuesday, June 22, 2004

AGENDA

CITY COUNCIL CHAMBER - 275 EAST OLIVE AVENUE

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5:00 P.M. CLOSED SESSION IN CITY HALL BASEMENT LUNCH ROOM/CONFERENCE ROOM:

a.      Conference with Real Property Negotiator:

Pursuant to Govt. Code �54956.8

Agency Negotiator:  Assistant Executive Director/Susan M. Georgino.

Properties:  3606 and 3614 West Magnolia Boulevard and 934 North Hollywood Way at the corner of Magnolia Boulevard and Hollywood Way (Fisher); and, 920 North Hollywood Way (Wallace).

Parties With Whom Agency is Negotiating:  Kenneth Fisher 2313 West Burbank Boulevard; and, Bruce W. Wallace 1430 North Niagara Street.

Name of Contact Person:  Jack Lynch, Senior Redevelopment Project Manager.

Terms Under Negotiation:  Purchase of properties.

b.      Conference with Real Property Negotiator:

Pursuant to Govt. Code �54956.8

Agency Negotiator:  Assistant Executive Director/Susan M. Georgino.

Properties:  111-245 East Magnolia Boulevard, 401-761 North First Street, 200 East Cypress, 601-800, 801, 805, 851, 875, 877, 891 South San Fernando Boulevard, 228 East Burbank Boulevard.  The 41 acre site (excluding IKEA) generally bounded by Magnolia Boulevard, Third Street, Burbank, Boulevard, and Interstate 5 (Media City Center Mall).  Parcels 2460-023-045 through and including 2460-023-062.

Parties With Whom Agency is Negotiating:  Crown Realty and Development Inc.

Name of Contact Person:  Jack Lynch, Senior Redevelopment Project Manager.

Terms Under Negotiation:  Negotiation for the sale of the fee title in regards to the

improvements on the above mentioned parcels.

When the Agency reconvenes in open session, the Agency may make any required disclosures regarding actions taken in Closed Session or adopt any appropriate resolutions concerning these matters.

6:30 P.M.

INVOCATION:                                              

                                                The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted under the Constitution.

FLAG SALUTE:

ROLL CALL:

JOINT MEETING WITH THE CITY COUNCIL, HOUSING AUTHORITY, PARKING AUTHORITY AND YOUTH ENDOWMENT SERVICES FUND BOARD:

           1.                  ADOPTION OF FISCAL YEAR 2004-05 ANNUAL BUDGET, CITYWIDE FEE SCHEDULE AND APPROPRIATIONS LIMIT AS WELL AS AN INCREASE IN THE TRANSIENT PARKING TAX:

The purpose of this report is for the Council, Redevelopment Agency Board, Housing Authority, Parking Authority and Youth Endowment Services (YES) Fund Board to adopt the Fiscal Year (FY) 2004-05 Annual Budget, Citywide Fee Schedule and Appropriations Limit.  Pursuant to the City Charter, a public hearing was properly noticed and conducted on June 8, 2004, at which time the Council received public comment and provided direction to staff as to what should be incorporated into the Adopted Annual Budget. The Council is also requested to approve the increase in the Transient Parking Tax (TPT) rate from 10 percent to 11 percent.

At the inception of the budget process, it was determined that each department would attempt to identify reductions and reasonable increases in fees that would not necessarily achieve any quantifiable target, but instead, be intuitive in nature.  However, in order to have some benchmark for discussion, departments were requested to provide two percent and/or four percent reduction scenarios.  For the most part, each General Fund department achieved or came close to achieving at least the two percent reduction through actual reductions in personnel, Materials, Supplies and Services Accounts (MS&S), and programs, as well as fee increases.  The total proposed General Fund reduction was $2,731,926, or an average of 2.97 percent of each department�s discretionary budget. The breakdown was: $1,463,448 from salaries/benefits/overtime; $696,535 from MS&S; and, $571,943 from an increase in fees/revenue.  Making these reductions was challenging, considering last year�s 10 percent reduction.

An initial Budget Study Session was held on April 13, 2004.  The Council was presented with the Proposed Budget during the first week of May and subsequent Budget Study Sessions were held on May 11, May 25, and May 27, 2004.  Per the Council�s direction at the May 27, 2004 Budget Study Session, funds in the amount of $274,457 from the Burbank Water and Power (BWP) Utilities Users Tax (UUT)

In-Lieu Set-Aside Account were utilized to close the City�s FY 2004-05 non-recurring budget gap.  The Council was also in favor of combining the BWP UUT In-Lieu Set-Aside and Budget Stabilization Reserve Funds. In addition, staff was directed to:  defer the funding of reserves to the close of FY 2003-04; consider increasing the TPT rate from 10 percent to 12 percent which generates an additional $330,000 per year (subsequently changed at the June 8, 2004 Public Hearing), plus recognizing

an additional $1,104,000 in UUT and In-Lieu tax reserves; and, fund additional positions within the Police Department (subsequently changed at the June 8, 2004 Public Hearing).

ANALYSIS:

The following charts show items as presented at the Public Hearing, and subsequent Council direction.

Revenue Adjustments

Appropriation Adjustments

In addition to the foregoing changes, the Council directed that the Public Information Office (PIO) commence video streaming of Council meetings.  The first year�s cost is expected to be approximately $14,000 with a $2,000 recurring impact.  This cost may increase depending on the number of license fees (25 users initially would be licensed), as well as whether the decision is made to archive or replay, but the cost is nominal.  The annual $25,000 contributed by Charter Cable would be earmarked for this use.

Recommendation:

Adoption of proposed City Council resolutions entitled:

1.      (4/5 vote required)

A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2004-2005, AND MAKING APPROPRIATIONS FOR AMOUNTS BUDGETED.

2.         (4/5 vote required)

A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK DETERMINING AND ESTABLISHING THE CITY�S APPROPRIATIONS LIMIT FOR FISCAL YEAR 2004-2005.

         3.      A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING THE INCREASE OF THE TRANSIENT PARKING TAX FROM 10% TO 11%.

         4.      A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK ADOPTING THE BURBANK FEE RESOLUTION.

5.            (4/5 vote required)

         A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK AMENDING THE BUDGET FOR FISCAL YEAR 2003-2004 PROVIDING FOR THE PURPOSE OF MAKING APPROPRIATIONS FOR AMOUNTS DELINEATED.

Adoption of proposed Redevelopment Agency resolution entitled:

A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2004-2005.

Adoption of proposed Housing Authority resolution entitled:

A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2004-2005.

Adoption of proposed Parking Authority resolution entitled:

A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2004-2005.

Adoption of proposed Youth Endowment Services Fund resolution entitled:

A RESOLUTION OF THE YOUTH ENDOWMENT SERVICES FUND OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2004-2005.

RECESS to conclude the City Council meeting.

ADJOURNMENT.