Loading...
20230315 Business and Industry Commission Minutes (Special)MINUTES VERNON BUSINESS AND INDUSTRY COMMISSION SPECIAL MEETING THURSDAY, MARCH 15, 2023 COUNCIL CHAMBER, 4305 SANTA FE AVENUE CALL TO ORDER Chair Sachdeva called the meeting to order at 3:34 p.m. FLAG SALUTE Chair Sachdeva led the Flag Salute. ROLL CALL PRESENT: Duncan Sachdeva, Chair Hector Morfin, Vice Chair Cathy Browne, Commissioner Thomas Condon, Commissioner Douglas Williams, Commissioner ABSENT: Jack Cline, Commissioner Crystal Larios, Commissioner STAFF PRESENT: Zaynah Moussa, City Attorney Lisa Pope, City Clerk Scott Williams, Finance Director APPROVAL OF THE AGENDA By acclamation, the Commission approved the agenda. PUBLIC COMMENT None. DocuSign Envelope ID: CD396652-3B4C-42E0-95CF-F21229B8BDF1 Special Business and Industry Commission Meeting Minutes Page 2 of 3 March 15, 2023 RECESS Chair Sachdeva recessed the meeting at 3:37 p.m. The meeting reconvened at 4:16 p.m. with all Commissioners present except Commissioners Cline and Larios. PRESENTATIONS 1. Sales and Property Tax Revenue Update Recommendation: No action required by Business and Industry Commission. This is a presentation only. Finance Director Williams presented the staff report. In response to Commission questions, Finance Director Williams provided the estimated revenue from the Sales Tax and Property Tax; discussed the portion of property tax received by the City, impacts to real estate values and interest rates from the pandemic, current reserves, road repair street maintenance amount, and the City’s sales tax revenue share. The Commissioners expressed a desire to assist the City in its efforts to secure additional property tax revenues, considering the inequity of distribution of sales and property tax revenues. CONSENT CALENDAR MOTION Commissioner Condon moved and Commissioner Browne seconded a motion to approve the Consent Calendar. The question was called and the motion carried 5-0, Commissioners Cline and Larios absent. The Consent Calendar consisted of the following item: 3. Approval of Minutes Recommendation: Approve the July 14, 2022 Special Business and Industry Commission meeting minutes. NEW BUSINESS 3. General Fee Schedule Update for Fiscal Year 2023-24 Finance Director Williams presented the staff report. MOTION Vice Chair Morfin moved and Commissioner Condon seconded a motion to receive and file the proposed general fee schedule that will be presented to Council for adoption on April 4, 2023. The question was called and the motion carried 5-0, Commissioners Cline and Larios absent. DocuSign Envelope ID: CD396652-3B4C-42E0-95CF-F21229B8BDF1 Special Business and Industry Commission Meeting Minutes Page 3 of 3 March 15, 2023 ORAL REPORTS 4. Brief Reports, Announcements, or Directives to Staff None. ADJOURNMENT With no further business, Commissioner Sachdeva adjourned the meeting at 4:55 p.m. ________________________ DUNCAN SACHDEVA, Chair ATTEST: _________________________ LISA POPE, Secretary (seal) DocuSign Envelope ID: CD396652-3B4C-42E0-95CF-F21229B8BDF1