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1982 JUL 20 CC MINMINUTES OF ADJOURNED REGULAR MEETING OF THE EL SEGUNDO CITY COUNCIL__ July 20, 1982 1. CALL TO ORDER y :;-9() The E1 Segundo City Council convened in an adjourned regular meeting on the above date at the hour of 6:00 o'clock p.m., in the Council Chamber of the E1 Segundo City Hall. The Clerk reported that a Notice of Adjournment had been posted as required by law and that an affidavit of posting was in the City Clerk's files. 2. PLEDGE OF ALLEGIANCE was led by Councilman Johnson. 3. ROLL CALL PRESENT: Councilmembers Armstrong, Johnson, Siadek, Synadinos and Mayor Bue ABSENT: Councilmembers None 4. City Manager Jones reported he understood the meeting was for the purpose of studying ways of raising additional revenue for the current and future fiscal years, and outlined a number of potential revenue sources: a. Increase fees or levy new fees to cover actual cost for specific services to residents and businesses Suggested a research project be initiated to determine overhead charges for specific services so that the services pay for themselves through fees. b. Imposition of taxes or increase of existing taxes Stated there is a question as to whether an election is required for this action requiring a 2/3 vote of the people; that a decision from the Supreme Court may find that no vote would be required. C. Establishing assessment districts for capital expenditures Advised that assessment districts could be set up for installation of new water lines, sewers and storm drains, streets, sidewalks, etc., and out- lined some of the disadvantages. Recommended that all the sources be researched and the most beneficial to the community be selected. Also recommended that this study be combined with the development of the Economic Base Study; that the revenue raising task and evaluating the economic community go hand in hard, that a broader look of the economic community seems appropriate. Council discussed appointing an advisory group to study potential sources of revenue and another ad hoc committee to select the outside consultant for the Economic Base Study. Councilman Siadek and Armstrong volunteered to serve on the ad hoc committee. After further discussion, motion was made by Councilman Siadek, seconded by Councilman Armstrong, that the Council appoint no more than fifteen (15) members to undertake a study relative to potential sources of revenue, and that an outside consulting firm be hired to prepare an Economic Base Study of E1 Segundo. Motion carried. No other business appearing to come before the Council, the Mayor declared the meeting adjourned, the hour of adjournment being 6:45 o'clock p.m. APPROVED William D. Bue, Mayor Respectfully submitted, Valerie A. Burrowes, City Clerk Council Minutes July 20, 1982