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Town of Truckee <br />TOWN COUNCIL SPECIAL MEETING MINUTES <br /> <br /> December 2, 1996 3:00 P.M. <br />Truckee Donner Public Utility District Board Room <br />11570 Donner Pass Road, Truckee, CA <br /> <br />CALL TO ORDER - Mayor McCormack called the meeting to order at 3:00 p.m. <br /> <br />ROLL CALL <br />PRESENT: <br /> <br />Council Members Carpenter, Cross (arrived at 3:06 p.m.), Drake, <br />Eagan, and Mayor McCormack <br />Council Members Elect Florian and Susman <br /> <br />ALSO PRESENT: <br /> <br />Stephen L. Wright, Town Manager; Dennis Crabb, Town Attorney; <br />Jill Olsen, Finance Director; Tony Lashbrook, Community <br />Development Director; Jon Lander, Town Engineer; Tom Covey, <br />Public Works Director; and Vicki Soderquist, Deputy Town Clerk <br /> <br />PUBLIC COMMENT - None <br /> <br />WORKSHOP <br /> <br />5.1 <br /> <br />Financial Management Plan for Debt and Capital Improvements. Ms. Olsen <br />stated the Plan would help Council make decisions in the future and maintain the <br />Town's creditworthiness. Staff recommended that Council review the proposed <br />Plan, but withhold approval until the CIP process was completed. At that time <br />Council may want to review and/or revise the objectives. <br /> <br />After review of the proposed Financial Management Plan for Debt and Capital <br />Improvements objectives it was the consensus of the Council to: <br /> <br />Approve objectives A, C, J, K, M, O, P, Q, and R as presented. <br />Amend objective B to read "The Town will strive to finance capital projects <br />through reasonable user fees, service charges or other nontax revenues to the <br />extent possible." <br />Amend objective D to reflect "short term" cash flow. <br />Amend objective E to change "study" to "review". <br />Amend objective F to reflect "when most cost effective". <br />Amend objective G to leave blank the number of fiscal years and to amend <br />to include "minimize the costs of the process". <br />Amend objective H to leave blank the percentage of assessed valuation. <br />Delete objective I. <br />Delete objective L. <br />Amend objective N to state "The Town shall strive to place.....". <br /> <br /> <br />