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9 <br />Housing Opportunity Ordinance Review {Strategic Plan No. 5, 5b) - (CDA) <br />Natalie Verlinich, Housing Programs Analyst, provided presentation on current <br />rulings in the Housing Opportunity Ordinance and issues related, such as confusing <br />and difficult calculations for developers of the in -lieu payment and authority to waive <br />requirements of the Ordinance should not be with Executive Director of Community <br />Development Agency. <br />Committee Member Vince Sarmiento agrees that waiver authority should be <br />considered with city council not at EMT level (CDA/PBA) and should be reviewed <br />with planning commission. Possibly review in -lieu fees of other cities such as <br />Huntington Beach model for developer fees. Committee Chair Martinez in <br />agreement. <br />Update on Downtown Wayfinding (Strategic Plan No. 5, 4a) — (CDA) <br />Marc Morley, Economic Development Specialist, reviewed presentation of signage <br />for various City locations including pedestrian, vehicles, and parking I.D. panels. <br />Additional funding of $150,000 is needed to complete. Locations are currently <br />being evaluated and RTKL will be fine tuning the plan. <br />Update on Economic Development Strategic Plan (Strategic Plan No. 3, 1a) — <br />(CDA) <br />Economic Development Specialist, Marc Morley, presented current progress and <br />next steps for Economic Development Strategic Plan. Input sessions, data <br />analysis, and evaluation on schedule with draft report to Council November / <br />December 2015. <br />FY 2013-14 Audit Update and FY 2014-15 Audit Plan (Strategic Plan No. 4, 1c) <br />— (FMSA) <br />Francisco Colon, CPA with Macias Gini O'Connell, (MGO) has concluded opinion of <br />CAFR (Comprehensive Annual Financial Report) for City and is glad to report no <br />financial findings. Only reportable item was CDBG property acquisition transaction <br />noted that written letter to owner did not include market value of property as <br />required. MGO spot tests City controls for risk assessment and has training <br />available to ensure best practices are maintained. <br />May 18, 2015 1 Finance, Economic Development, & Technology Minutes <br />