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79. Consideration and possible action regarding the presentation of fiscal year 2010- 2011 Midyear Financial Review and approval of fiscal year 2011 -2012 Budget Calendar. (Fiscal Impact: None) Deborah Cullen, Finance Director, gave a presentation. Received and filed FY 2010 -2011 Midyear Financial staff report. Directed staff to proceed with Fiscal Year 2011 -2012 Budget Calendar. (SEE ATTACHED BUDGET CALENDAR) G. REPORTS — CITY MANAGER H. REPORTS — CITY ATTORNEY — Announced that Council, in closed session, authorized two separate actions by 4/0 vote. Council Member Brann recused himself from participation. The first was to take all necessary legal actions against TPG El Segundo Partners to protect the City's interest in the existing Development Agreement and impacts arising from the proposed sale of property to Wiseburn School District and the second was to take all necessary legal action against Wiseburn School District with regard to the proposed purchase of o Agreement the City items relate to the Corporate p us Project and the Development has with regard to the property. REPORTS — CITY CLERK J. REPORTS — CITY TREASURER K. REPORTS — CITY COUNCIL MEMBERS Council Member Fuentes — Spoke on recent Medal of Valor Awards Ceremony, Hometown Fair, CERT Association Meeting, Hyperion Meeting, and El Segundo High School Field and Theater Upgrades, and other upcoming events in El Segundo. Council Member Brann — Announced Western Swing Music Concert on Saturday, 2:00 p.m. at the El Segundo Library. He also thanked Chevron for their donation to the Manhattan Beach Round House Aquarium. Council Member Jacobson — 10. Consideration and possible action to adopt a resolution recommending to the Citizen's Redistricting Commission that the Commission treat the South Bay Beach Cities of Los Angeles County as a community of interest and make every effort to keep the South Bay Beach Cities within the same district for drawing State Assembly, State Senate and Congressional District boundaries. (Fiscal Impact: None) Mark Hensley, City Attorney, read by title only: MINUTES OF THE REGULAR CITY COUNCIL MEETING PAGE NO. 7