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(Item 3 taken out of order.) <br />3. Update on Water Bonds (FMSA) <br />Francisco Gutierrez, Finance and Management Services Executive Director, <br />provided presentation on Refinancing of 2004 Water System Bonds. Refinancing <br />would generate $5.8 million in new money to finance improvements to water <br />system. Councilmembers stated they would like to see list of projects and have <br />them enumerated as recommended by consultants. Engage council members and <br />public in selecting priority projects. <br />Direct staff to look into possibility of creating new Santa Ana authority for future <br />bonds. And request list of projects to be provided as soon as possible to city <br />council once study is complete by PWA consultants. <br />2. Amending Committee Bylaws — Frequency /Location of Meetings (CAO) <br />Councilmembers expressed a desire to meet regularly and consistently due to the <br />volume of items to be reviewed. Agreed to meet every 60 days. <br />MOTION: Benavides SECOND: Martinez <br />VOTE: AYES: Benavides, Martinez, Sarmiento (3) <br />NOES: None (0) <br />ABSENT: None (0) <br />4. Discuss Budget for Building Maintenance Costs (FMSA) <br />Francisco Gutierrez, Executive Director of Finance & Management Services <br />provided presentation on Building Maintenance Costs. Funding sources for services <br />provided by Finance Building Maintenance is from internal charges to departments, <br />but not all facilities contribute. Finance is reviewing service level rates that have not <br />changed since 2008 -09. Staffing levels have been reduced while deferred <br />maintenance has increased. Finance would like to update maintenance rental <br />rates, achieve full staffing levels and appropriate a budget reserve policy. <br />Parks & Rec and Public Works agencies use other service providers for some of <br />their facilities and different funding sources such as General Fund, cell towers, <br />grants, or Enterprise Funds. Councilmembers would like policies set to have <br />deferred maintenance costs included in budget along with reserves. Would like <br />staff to consider consolidating all assets under a central management to prioritize <br />deferred maintenance for the public and staff safety. <br />(Item 6 taken out of order) <br />July 14, 2014 1 Finance, Economic Development, & Technology Minutes <br />