HomeMy WebLinkAbout7244 RESOLUTION NO. 7244
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, AMENDING RESOLUTION NO. 7202 BY EXTENDING THE
TERM OF THE CITIZENS FINANCIAL ADVISORY COMMITTEE AND
REAPPOINTMENT OF ITS CURRENT COMMITTEE MEMBERS
WHEREAS, the City of Arcadia is facing increasing fiscal stress as a result
of changes in CaIPERS discount rate; and
WHEREAS, the City Council expressed their desire for broad public participation
to determine potential revenue and expenditure adjustments to address the City's long-
term financial outlook; and
WHEREAS, on February 6, 2018, the City Council directed the establishment
of a Citizens Financial Advisory Committee ("Committee") consistent with the staff report
of February 6, 2018; and
WHEREAS, on January 15, 2019, the Committee in its Final Report recommended
extension of the Committee beyond its original six (6) month term, and reappointment of
its current Committee members.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA
RESOLVES AS FOLLOWS:
SECTION 1. The City Council hereby extends the term of the Committee for a
period of twelve (12) months or until such time that the Committee determines by a
majority vote of the Committee that its final report has been completed. A final report
shall be submitted to the City Council promptly following the final meeting of the
Committee.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 19th day of February , 2019.
Mayor of the City /Arcadia
ATTEST:
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APPROVED AS TO FORM:
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Stephen P. Deitsch
City Attorney
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, GENE GLASCO, City Clerk of the City of Arcadia, hereby certifies that the
foregoing Resolution No. 7244 was passed and adopted by the City Council of the City of
Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said
Council held on the 19th day of February, 2019 and that said Resolution was adopted by
the following vote, to wit:
AYES: Amundson, Beck, Chandler, Verlato, and Tay
NOES: None
ABSENT: None
'ity C12111V the City of Arcadia
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