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HomeMy WebLinkAbout04/09/2024 Study Session 310 MINUTES YAKIMA CITY COUNCIL STUDY SESSION April 9, 2024 City Hall —Council Chambers -129 N 2nd Street, Yakima, WA 5:00 p.m. Study Session —conducted in person and virtually. 1. Roll Call Present: Mayor Patricia Byers, presiding;Assistant Mayor Matt Brown (attending remotely via Zoom) and Councilmembers Reedy Berg, Janice Deccio, Rick Glenn, Danny Herrera and Leo Roy(attending remotely via Zoom) Staff: Interim City Manager Dave Zabel!, City Attorney Sara Watkins and City Clerk Rosalinda I barra 2. Public comment(allow 15 minutes) Maria Meza, City resident, shared pictures of the situation caused by homeless individuals along Naches Avenue and urged Council to take immediate action to address the encampments, litter, and safety hazards. 3. Arbor Day proclamation Councilmember Deccio proclaimed the second Saturday in April as "Arbor Day" and Garrett Brenden accepted the proclamation and invited the community to attend the Arbor Fest activities taking place at the Yakima Area Arboretum. 4. Draft Parking Ordinance and Resolutions City Attorney Sara Watkins described the proposed amendments to the parking regulations and presented a draft ordinance and resolutions. The draft ordinance includes the changes as directed by City Council at the April 2nd meeting. One of the draft resolutions includes amending the Master Fee Schedule to reduce the long-term parking pass fee. The other draft resolution provides for an extension to the moratorium to coincide with the effective date of the proposed ordinance. Council reviewed the language that allows the City Manager discretion to establish parking time limits for city-owned parking lots and street parking. Staff recommended maintaining the current language as it allows greater flexibility without the need to change the ordinance in the event future changes are made to the parking time limits. After discussion, MOTION: Brown moved and Herrera seconded to direct City Legal to add to the ordinance the three hours in [parking] lots and leaving the street[parking] at two Page 1 of 3 311 hours with the discretion of the City Manager. The motion carried by unanimous vote. 5. Update on funding options for MLK Jr. Park Eastside Pool Project 2745 Parks and Recreation Manager Ken Wilkinson and Assistant City Manager Rosylen Oglesby provided a comprehensive update on the status of the Aquatic Center at Martin Luther King, Jr. Park, and presented information regarding revenue and expenditure funding for the pool project. The City Council will be reviewing a contract with the construction company selected to receive the bid award at their April 16th business meeting. The total cost of the project is estimated at $12 million for construction and design and the City has secured approximately $9.6 million in revenue for this project. Project completion is anticipated by June 2025. Mr. Wilkinson explained the efforts underway to generate the additional funds necessary. Donations and grant funds are expected to come in through 2026 which may cause a cash flow problem as the construction project progresses. Ms. Oglesby emphasized the possibility of a funding challenge of approximately$2.8 million due to unsecured revenue assumptions, which includes a bid budget shortfall ($540k), contingency($400k) , and uncollected pledges and deferred donations ($1.8 million). The City will need to identify a funding mechanism to back up the budget shortfall gap in the interim. 6. 2023 Budget Review and Forecasting Interim Director of Finance & Budget Rosylen Oglesby provided an extensive overview of the 2023 year-end budget review, 2023 budget assumptions, and impacts to the general fund and city-wide budget. Ms. Oglesby clarified that the numbers presented are unaudited figures. Overall, due to the conservative approach the City took in the 2023 adopted budget, the amount of fund balance used is expected to be zero and the policy reserve amounts will be slightly met. The negative impacts to the general fund and city-wide funds included reduction in sales tax revenue, increased industrial insurance, collective bargaining agreement settlements, overtime (due to staff shortages), and the general cost of doing business. The positive impacts identified included investment of ARPA funds, increase in utility tax revenue, and unanticipated growth in city funds. Ms. Oglesby also reviewed the five-year financial forecast (2025-2029) which reflects the economic projections of the City's future financial conditions based on several influencing factors such as, but not limited to, inflation, elections and economic cycles, interest rates, trend analysis, upcoming projects, and future debt needs. The City took into account the loss of ARPA funds, updates to the fee schedule, and the 1% annual increase in property taxes. Over the forecast period, the general fund and city-wide forecast for revenue and expenditure comparison shows the fund balance is projected to deplete in 2028 and 2029. The City will need to consider how to either raise revenues or reduce expenditures to prevent potential deficits in the coming years. 7. Adjournment MOTION: Deccio moved and Herrera seconded to adjourn to the next City Council regular meeting on April 16, 2024, at 5:30 p.m. in the Council Chambers at City Hall. The motion carried by unanimous vote. The meeting adjourned at 6:17 p.m. Page 2 of 3 312 CERTIFICATION .���ii�] READ AND CERTIFIED ACCURATE BY K,Jr" (I IiaR/d COU CIL M4ABER DATE G . %- .mac.�i�L - ,- COUNCI 7 MEMBER DATE .(AKf,'.4,, ‘I, ATTEST: 4S ----- ---- ( U SEAL ' '% , ,, , ...),,) ; CITY CLERK 1,�SH�NG'�a�'= MAYOR Page 3 of 3