04.21.20 Work Session - Laserfiche WebLink

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City Council Meeting Minutes April 21, 2020 General fund and HOT are at the same level Ms. Neel provided the next steps which include a FY20 Financial Update and FY21 Budget Workshop to be held on May 26th and June 30th. A Budget workshop on August 13th and Budget Adoption on September 15th. Ms. Moyer continued the presentation with the Capital Improvement Plan (CIP) Process and the Financial Strategy. Staff is seeking consideration on the following: Does Council want to defer debt as a COVID response? Council is in support and provided consensus Does Council agree with the debt issuance amount of $33M? Council is in support and provided consensus Is there any Council direction on the FY21 CIP? Council consensus was to have two funding amounts for each item, one will be the original expected amount and the second to be a minimum amount in the case we are still experiencing budget shortfalls. The smaller amount will be the proposed amount. EXECUTIVE SESSION 2. Executive Session in accordance with the following Government Code Sections: A. §551.071 - Consultation with Attorney regarding: Legal considerations of an anti -discrimination ordinance; and acquisition of property in Downtown San Marcos for public use B. Section § 551.072 - Real Property: to receive a staff briefing and deliberation regarding acquisition of property in Downtown San Marcos for public use A motion was made by Council Member Baker, seconded by Council Member Gonzales, to enter into Executive Session at 4:58 p.m. The motion carried by the following vote: For: 6 - Council Member Derrick, Mayor Hughson, Mayor Pro Tem Mihalkanin, Deputy Mayor Pro Tem Rockeymoore, Council Member Baker and Council Member Gonzales Against: 0 Absent: 1 - Council Member Marquez ''I. Adjournment. Mayor Hughson stated Executive Session concluded at 6:03 p.m. City of San Marcos Page 3