Budget Investment Technology 2016/10/26BUDGET, INVESTMENT & TECHNOLOGY COMMISSION MINUTES
WEDNESDAY, OCTOBER 26, 2016 - 4:00 PM
ANAHEIM CITY HALL
SIXTH FLOOR CONFERENCE ROOM
MEMBERS PRESENT: Tony Cardenas, Stephen Faessel, Helen Garner,
Laleh Graylee, Steve Lodge, Steve Martinez,
Mark Mittman, Avelino Valencia III, Billie Joe Wright
MEMBERS ABSENT: None
STAFF PRESENT: Debbie Moreno, Jean Ibalio, D'Anne Lee, Tania White,
Julia Davis, John Woodhead, Jose Perez
CALL TO ORDER
Chair Faessel called the meeting to order at 4:01 p.m.
PUBLIC COMMENTS
None.
APPROVAL OF MINUTES FOR SEPTEMBER 28, 2016
Commissioner Garner made a motion to approve the September 28, 2016 meeting
minutes, with a second from Commissioner Mittman. 4 Ayes; 0 Nays; 1 Abstention
COMMUNITY DEVELOPMENT PRESENTATION
Community Development Director John Woodhead gave a presentation describing
the uniqueness of Anaheim as an urban city in an otherwise suburban county and
the opportunities as well as challenges to be considered- namely, how we choose
to address residential development, infill, commercial building projects, tourism and
environmental impacts. Director Woodhead touched on some core areas which
his department focusses on including: the Resort District, Ctr City (the greater
downtown Anaheim area), the stadium & vicinity, West Anaheim, and The Canyon
business district. Commission Members asked about how the sometimes negative
aspects of development to a community (e.g. parking problems, school
overcrowding, crime) might be mitigated or considered during the planning phases
of development. Director Woodhead discussed the advent of emerging trends like
Uber, Lyft and the City's own transportation network (ATN and trolley services) that
help to alleviate traffic burden and parking constrictions. He also discussed the
importance of property tax dollars and methods to help encourage that revenue
stream. Director Woodhead also shared his thoughts on how important it is to
leverage public-private partnerships that provide economic benefit to communities
and enhance a neighborhood's desirability. Chair Faessel asked about
redevelopment and how Community Development has fared since its sunset. Chair
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Budget Investment and Technology Commission Minutes
October 26, 2016
Faessel also broached the idea of an interdepartmental task force and how it
could be useful for departments in gaining efficiencies.
INVESTMENT UPDATE
Ms. Moreno recapped the City's recent history with FTN Financial Main Street
Advisors (FTN), an investment and portfolio management firm which the city
temporarily engaged in December of 2015. Since that time, an RFP for that service
was issued to fill a more permanent need. Six proposals were received, three firms
were interviewed and based on a panel discussion and vetting process, staff
recommended that FTN be selected for a 3 -year contract with two (2) 1 -year
optional renewals. FTN Principal, Rick Phillips was available by teleconference to
answer questions of the Commission. He provided a background on himself, the
company and the services they provide. Commissioner Cardenas made a motion
to support staff's recommendation to award the contract to FTN with a second by
Commissioner Valencia III. 8 Ayes; 0 Nayes; 0 Abstentions
IT UPDATE
None
BUDGET UPDATE
D'Anne Lee gave a high level budget update. For the year, TOT has been slightly
less than projected but some growth is expected as the year progresses. The
Budget Division is gearing up for next budget year with internal service providers.
ITEMS BY COMMISSION MEMBERS
Commissioner Cardenas asked the group for their thoughts on implementing and
hosting a science fair. It was discussed that perhaps Community Services would be
a good department to confer with on the idea.
ADMINISTRATIVE ITEMS
Ms. Moreno talked about upcoming meetings. It was suggested that for January
2017 the agenda include a presentation by Community Services and an overview
of the Comprehensive Annual Financial Report (CAFR). For the February 2017
meeting it was recommended that the agenda include a mid -year budget update
and a presentation by the Planning & Building Department.
ADJOURNMENT
Chair Faessel adjourned the meeting at 5:39 p.m.
Respectfully submitted,
Marnie Hunter, Secretary