Money matters for council |

Money matters for council

Susan Wood, Tahoe Daily Tribune

From redevelopment to raises for managers, the South Lake Tahoe City Council will take up several money matters Wednesday.

At 1:30 p.m., the city will hear a report on its annual audit for the fiscal year 2000-01, with the hope of a clean bill of health as it contemplates the 2002-03 budget.

While also looking ahead, the South Tahoe Redevelopment Agency wants to change the hard estimate for building the parking garage for the Park Avenue project at Stateline.

Last November, the day-use garage was projected to cost $4.2 million. Now, the agency is convinced the estimate could run at least another $1.2 million, with contingency fees that may bump up that amount.

About $5 million in financing has been secured, so the staff suggests concessions to fill the gap. These range from tweaking the garage design to a change in Mello-Roos financing. Mello-Roos is a special assessment district.

The garage is billed as “an essential element” of the Park Avenue Redevelopment Project, with parking limited in that area.

In addition, the City Council will also decide whether to renew the $20 parcel fee to pay for snow removal equipment.

The city is now exploring with El Dorado County an option of raising the amount to compensate for outdated equipment, which may include a November ballot measure.

The city is planning for emergency repairs while trying to close a $2- million shortfall reported in the current fiscal year.

As the city performs a budgetary balancing act, the panel will also decide whether to grant bargained salary increases for the staff’s executive management team. The increases range from 2 to 3 percent retroactive to October, with similar raises set for this fall.

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