Tuesday, May 20, 2014

The council terminated their advisory agreement with Mortgage Resolution Partners after one year, approved 4-3 with Beckles, McLaughlin, and Myrick voting no. The partnership was originally hired to provide advisory services but will not be renewed.

A $15 million bond for Harbour View Apartments development received council approval after a public hearing, passing 5-2 with Boozé and Rogers opposing. The California Statewide Communities Development Authority will issue the bonds to finance the apartment project.

The council approved borrowing up to $35 million through short-term notes to cover expenses early in the fiscal year before tax revenue arrives. They also scheduled a special meeting for June 18 to review budget adjustments for the next fiscal year, approved 6-1 with Butt voting no.

Two governance measures failed to pass. The council voted down a request for the mayor to schedule Housing Authority Commission appointments and rejected changes to campaign contribution limits for development applicants and election spending limits.

The council approved 8 routine items on consent, including a $3 million increase for environmental consulting on the Chevron refinery project and a $625,000 contract to install traffic boxes and rewire Richmond Parkway lighting."}