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DRAFT Sunnyvale Financing Authority Meeting Minutes of 6/20/2023

Sunnyvale City Council
June 4, 2024

Document
DRAFT Sunnyvale Financing Authority Meeting Minutes of 6/20/2023
Meeting
June 4, 2024
Body
Sunnyvale City Council
Pages
3
Original file
716 KB
Text extracted from the city's file for reading and search. Open the original on legistar.granicus.com. That file is the official record.

City of Sunnyvale
Meeting Minutes - Draft
City Council
5:00 PM Online and Bay Conference Room (Room
145), City Hall, 456 W. Olive Ave.,
Sunnyvale, CA 94086
Tuesday, June 20, 2023
Special Meeting: Closed Session - 5 PM | Regular Meeting - 7 PM | Special Joint Meeting of City Council and Sunnyvale Financing Authority - 7 PM (or soon thereafter) 7 P.M. (OR SOON THEREAFTER) SPECIAL JOINT MEETING OF THE CITY COUNCIL

AND SUNNYVALE FINANCING AUTHORITY
Call to Order
Authority Chair/Mayor Klein called the joint meeting of the City Council and Sunnyvale Financing Authority Meeting to order at 7:07 p.m.

Roll Call

Present: 7 - Authority Chair/Mayor Larry Klein
Authority Vice Chair/Vice Mayor Omar Din
Authority Member/Councilmember Russ Melton
Authority Member/Councilmember Alysa Cisneros
Authority Member/Councilmember Richard Mehlinger
Authority Member/Councilmember Murali Srinivasan
Authority Member/Councilmember Linda Sell
Oral Communications
Suh Jean Lin communicated issues dealing with social services in the area and asked the City Council for assistance.

Consent Calendar
Public Comment opened at 7:10 p.m.

No speakers.

Public Comment closed at 7:10 p.m.

MOTION: Authority Member Mehlinger moved and Authority Vice Chair Din seconded the motion to approve agenda item 2.A.

The motion carried with the following vote:

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June 20, 2023City Council Meeting Minutes - Draft
Yes: 7 - Authority Chair Klein
Authority Vice Chair Din
Authority Member Melton
Authority Member Cisneros
Authority Member Mehlinger
Authority Member Srinivasan
Authority Member Sell
No: 0

2.A 23-0632
Approve Sunnyvale Financing Authority Meeting Minutes of June 6, 2023
Approve the Sunnyvale Financing Authority Meeting Minutes of June 6, 2023 as submitted.

PUBLIC HEARINGS/GENERAL BUSINESS
3 23-0454 City Council Adoption of the Fiscal Year (FY) 2023/24 Budget, Fee Schedule and Appropriations Limit, and Sunnyvale
Financing Authority Adoption of the FY 2023/24 Budget
Finance Director Tim Kirby provided the staff report and presentation.

Public Hearing opened at 7:19 p.m.

No speakers.

Public Hearing closed at 7:19 p.m.

City Council:

MOTION: Vice Mayor Din moved and Councilmember Cisneros seconded the motion to approve Alternative 1: Adopt the resolutions presented as Attachment 1 (including Exhibit A), Attachment 2 (including Exhibits A through D), and Attachment 3 (including Exhibit A) to the report that provide for the adoption of the FY 2023/24 Fee Schedule, Budget, and Appropriations Limit.

FRIENDLY AMENDMENT: Councilmember Melton offered a friendly amendment to direct staff to hold a study session by December 2023 about the Bartel and Associates Report and a plan addressing pension liability, a proposed budget modification to inject $15 million into the irrevocable pension trust and increase the annual funding from the budget into the irrevocable pension trust from $1 million to

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June 20, 2023City Council Meeting Minutes - Draft
$5 million. Vice Mayor Din declined to accept the friendly amendment.

The motion carried with the following vote:

Yes: Mayor Klein
Vice Mayor Din
Councilmember Melton
Councilmember Cisneros
Councilmember Mehlinger
Councilmember Srinivasan
Councilmember Sell
7 -
No: 0
Sunnyvale Financing Authority:

MOTION: Authority Vice Chair Din moved and Authority Member Sell seconded the motion to approve Alternative 2: Adopt the FY 2023/24 Budget Resolution (Sunnyvale Financing Authority) presented as Attachment 4 to the report.

The motion carried with the following vote:

Yes: 7 - Authority Chair Klein
Authority Vice Chair Din
Authority Member Melton
Authority Member Cisneros
Authority Member Mehlinger
Authority Member Srinivasan
Authority Member Sell
No: 0

ADJOURN CITY COUNCIL AND SUNNYVALE FINANCING AUTHORITY MEETING Authority Chair/Mayor Klein adjourned the meeting at 8:03 p.m.

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