HomeMy WebLinkAboutMinutes 091382 - Special Mtng MINUTES - ATASCADERO CITY COUNCIL
Adjourned Regular Meeting
September 13, 1982 5:00 p.m.
Atascadero Administration Building
The meeting was called to order at 5: 00P Y Y.m. b Mayor Nelson.
PRESENT: Councilmen Mackey, Molina, Wilkins and Mayor Nelson
ABSENT: Councilman Stover
Mayor Nelson stated that he would like the order of the study ses-
sion agenda changed so that the City Treasurer would come first, Com-
mittes second.
1. City Treasurer
Steven Rizzuto, City Treasurer , stated that the City has been
working without a formal investment policy. He made some suggestions
for a formal policy and Council asked that a resolution be drafted
along the lines . suggested.
Mr. Warden noted that the City, in fact, has had an investment
policy which the Finance Director had been following since incorpora-
tion. The policy was essentially as the one discussed by Mr . Rizzuto
except no investments were made in Savings and Loan institutions in
excess of the $100,000 as covered by the insured deposits program.
' The policy has been to maximize return on investment, consistent with
State law requirements, to invest in local institutions as the first
priority and to seek competitive rate quotations as one criteria for
selecting a specific institution.
Also discussed was Mr . Rizzuto' s conflict of interest in his de-
positing City funds in the institution in which he is employed, Fidel-
ity Saving and Loan. Mr . Grimes was of the opinion that Mr . Rizzuto
could not deposit City funds in his institution. There was discussion
regarding this and Mr . Grimes and Mr . Rizzuto were directed to review
' the matter together and report back to Council.
2. Committees
' Mayor Nelson suggested a committee to consider the police depart-
ment location, building renovation, and a committee representing the
City; Chamber of Commerce and School District to act as a coordinating
committee for activities of mutual concern
Mr . Warden noted that Council should be aware that all members of
committees created by Council must comply with the regulations of the
' Fair Political Practices Commission and that the committee must con-
duct its activities in accordance with the Brown Act. He also noted
that a specific task should be assigned to each committee and that
Council should determine if a committee is to be ad hoc or a standing
committee. The Council indicated its preference fo ad hoc committees
charged with a specific task.
MINUTES - ATASCADERO ITY COUNCIL - SEPTEMBER 131982
Mayor Nelson stated that there should be a long-term committee of
the City, Chamber of Commerce and School District officials to look at
solutions for common problem within the City. He suggested that the
committee be composed of the Mayor and City manager , Chamber of Com-
merce Board Chairman and Manager , and School District Board Chairman
' and Superintendent.
A majority of the Council agreed to discuss the matter and make a
' recommendation.
Mayor Nelson suggested discussing the police location and building
renovation committee at the next meeting. He stated that opinions
' from the public are needed and it is best to have committees to help
decide.
Councilman Mackey proposed a zoo committee. Goldie Carmenetti of
the Zoological Society agreed. The Society would like to play a part
in the long-term planning for the' zoo in order to assure that donated
' funds are spent wisely and that zoo development follows a logical plan
that will be supported by the City. Councilman Wilkins suggested that
the Parks and Recreation Advisory Board set up a sub-committee to han-
dle the zoo matter . Councilman Mackey will coordinate this committee.
Councilman Mackey also suggested a fee committee to review City
fees for business licenses, etc. Also, possibly a coordinating coun-
cil to coordinate volunteers. Council felt that a coordinating coun-
cil could be handled by one of the service agencies in the City; per-
haps the Chamber of Commerce.
Mayor Nelson suggested another study session for October 9, 1982
at 9:00 a.m.
' The meeting adjourned at 6:06 p.m.
Recorded by:
PATI HESTER, Deputy City Clerk
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