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(Item 3 was taken out of order.) <br />3. Report on Inclusionary Housing Fund Application (Strategic Plan 5, 3.b} — <br />(CDA) <br />City Manager, David Cavazos, reviewed Inclusionary Housing Fund Application <br />versus the application process. Additional time may be needed to get the word out <br />and additional information for funding. Kelly Reenders, Executive Director of <br />Community Development Agency, provided letter from AMCAL requesting financing <br />commitment and presenting this request to City Council in March 2015. Kelly also <br />agrees that additional time may be needed. <br />Council committee members feel this is a good direction for the future. State we <br />need to be consistent. Applicants should be reviewed for history and track record. <br />Address to committee incentives if any. Would like to be kept informed on funds; <br />cap, balance available, when depleted. Next step. <br />2. Downtown Banner Program (Strategic Plan 3, 4.a) — (CDA) <br />Leigh Eisen, Downtown Development Liaison, CDA, provided PowerPoint <br />presentation on recommendation for city to design and install 100+ colorful banners <br />on its lampposts in the Downtown district. These would be simple with a compelling <br />look for visual identity. Recommended firm for design and print services was <br />selected through RFP process: Akins Parker submitted a bid for $18,000 and this <br />amount has been included in fiscal budget. <br />Councilmembers inquiring on how often banners will change and who will be <br />making decision on banners. Banners should be in the best interest of the City or <br />approved events (i.e. honoring veterans). Who will make determination on banners <br />for promoting special events? They should also be sensitive to groups downtown; <br />possibly bi- lingual; one side in English, one side in Spanish. Next steps; move <br />forward. <br />4. FY 14 -15 Second Quarter Actuals of General Fund revenues and expenditures <br />(FMSA) <br />City Manager, David Cavazos, reviewed power point and 2nd Quarter Newsletter <br />showing conservative budget. Revenues are up and expenditures are down. <br />Forecast of 20% reserve is fully funded, financial position is excellent and a council <br />request to adopt a one -year forecast is being submitted to full council. <br />Committee chair, Michele Martinez, inquired on breakdown of unfunded positions. <br />For positions not filled, are funds spent elsewhere? City council may have other <br />January 27, 2015 (Special) I Finance, Economic Development, & Technology Minutes <br />13A -14 <br />