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20091102 Regular City Council Meeting - AgendaAGENDA CITY OF VERNON REGULAR CITY COUNCIL MEETING MONDAY, NOVEMBER 2, 2009 CITY COUNCIL CHAMBER 4305 SANTA FE AVENUE VERNON, CALIFORNIA INFORMATIONAL SESSION Under the California Public Records Act, any records not exempt from disclosure that relate to an agenda item for the open session portion of this meeting are available in the City Clerk's Office of the City of Vernon City Hall located at 4305 Santa Fe Avenue, Vernon, California 90058 Americans with Disabilities Act: In compliance with the ADA, if you need special assistance to participate in a city meeting, please contact the City Clerk's office at (323) 583-8811. Notification of at least 48 hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting or service. Pursuant to the provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The City Council may direct staff to investigate and/or schedule matters for consideration at a future City Council meeting. ROLL CALL CHANGES TO AGENDA PUBLIC COMMENT: The public is encouraged to address the City Council at this time on any matter listed on the agenda, including those matters listed under the Consent Calendar and Closed Session. The public is also encouraged to address the City Council at this time on any matter not on the agenda that is within the subject matter jurisdiction of the City Council. If you would like to comment concerning a matter that is noticed for a public hearing today, please wait until that hearing is formally opened before you make your comment. CONSENT CALENDAR - All matters listed on the Consent Calendar are to be approved with one motion. Items may be removed from the Consent Calendar by Council. Those items removed will be considered immediately after the Consent Calendar. TREASURER APPROVAL OF WARRANT REGISTERS - October 20 through October 26, 2009: 1. There were no Wire Transfers for Warrant Register No. 1289. Council Meeting - Study Session Agenda November 2, 2009 2. Ratification of the issuance of early checks for Warrant Register No. 1289, totaling $6,110.82. 3. Warrant Register No. 1289, totaling $369,217.07. 4. Ratification of wire transfers for Light & Power Warrant Register No. 254, totaling $3,500,884.87. 5. Ratification of the issuance of early checks for Light & Power Warrant Register No. 254, totaling $6,211.96. 6. Light & Power Warrant Register No. 254, totaling $20,299.76. 7. There were no Wire Transfers for Gas Warrant Register No. 44. 8. Ratification of the issuance of early checks for Gas Warrant Register No. 44, totaling $12,328.08. 9. Gas Warrant Register No. 44, totaling $19,609.78. 10. There was no BNY Report for this period. STAFF DISCUSSIONS A. Discussion with City Administrator regarding Study Session Agenda Format. The City Administrator will discuss the new bi-weekly study session format. The purpose of this format will be to keep the City Council apprised of important issues facing the City. B. Discussion with the Director/Health Officer of Environmental Health and Control Department regarding the E- waste Collection Event. The Director/Health Officer of Health and Environmental Control Department will inform the City Council of the results of the E-Waste Collection Event held October 14, 2009. C. Discussion with Special Counsel and City Administrator regarding various financial topics. 1. Historical imbalance of the City's General Fund revenues to General Fund Expenses; 2. Interest Rate/Commodity Swaps - Why does the City have them; what financial impact do they have; 3. Current and projected Light & Power Department net revenues; current and projected Light & Power Department projects and their financial support to the City; 4. Financial markets forecast and their impact to the City; and 2 Council Meeting - Study Session Agenda November 2, 2009 5. Future potential business combinations with the City. ADJOURNMENT I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was posted on the bulletin board at the main entrance of the City of Vernon City Hall, located at 4305 Santa Fe Avenue, Vernon, California, not less than 72 hours prior to the meeting set forth on this agenda. Dated this 28`h day of October 2009. By: Manuela Giron, City Clerk 3