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Mission Viejo Ca Finances

CALIFORNIA | LOCAL
April 13, 1996 | FRANK MESSINA
When the city decided last year to build a new library, it put off working out details of how to pay for the $6.5-million facility. After examining several options, the City Council voted this week to pay half of the construction costs with bonds and the rest with city reserves. The council authorized $3.5 million in certificates of participation, a type of bond, and $3.5 million from reserves. The extra $500,000 will cover interest paid to those who buy the certificates.
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CALIFORNIA | LOCAL
June 29, 1995 | FRANK MESSINA
The City Council this week eliminated nearly all of the $6 million set aside in the proposed city budget for library construction, leaving enough to complete the planning phase of the project. Council members stressed that the cutback was an accounting function and won't mean a delay in building the library. "As far as I'm concerned, the library is still the No. 1 priority in the community," said Councilwoman Susan Withrow. "We're closer than ever to getting it built."
CALIFORNIA | LOCAL
June 24, 1995 | FRANK MESSINA
Reversing its earlier position, the city staff on Monday will recommend to the City Council that $6 million allocated in the proposed 1995-96 budget for library construction be reduced. Including the full amount of construction costs, staff members said, could hurt the city's chances of getting grants or issuing bonds for the library. Sherri M. Butterfield, the library's main advocate on the council, said she understands the logic of staff's position--with one provision.
CALIFORNIA | LOCAL
May 24, 1995 | FRANK MESSINA
The city has agreed to maintain three miles of sewage drainage pipe in a private retirement community. The cost of repairing the sewage system in Casta Del Sol will be about $300,000, with the homeowners' association contributing about $50,000. The City Council approved the action by a 5-0 vote Monday. Council member Sherri M. Butterfield said the association's request "makes sense because they are part of the [storm drain] system.
CALIFORNIA | LOCAL
February 13, 1995 | FRANK MESSINA
It was expected that new City Manager Dan Joseph would be making some changes in City Hall, and some of those have come quickly. A mere two weeks after officially taking over, Joseph has shaken up the chain of command by assigning new jobs to four top administrators and saving Mission Viejo about $96,000 annually. "I wanted to move quickly and go on with the business of the city, rather than sit back and let rumors develop over who's getting what job," Joseph said.
CALIFORNIA | LOCAL
December 10, 1994 | FRANK MESSINA
City finance officials assured a worried City Council this week that the fiscal crisis sparked by the county declaring bankruptcy won't mean disaster for the city budget. At a special meeting Thursday, Finance Director Irwin Bornstein told council members that the city budget would remain balanced through the end of the fiscal year in June. The bad news is that the bankruptcy debacle means the city's principal in the pool and interest earned on its investment have been frozen.
CALIFORNIA | LOCAL
November 21, 1994 | FRANK MESSINA
The City Council has hit a snag in finding organizations willing to operate and take financial control of the city's four recreation centers. Failing so far to find interested parties, the council this week approved an 18-month contract extension for Sports Leisure Group, which runs two of the centers.
CALIFORNIA | LOCAL
July 25, 1994 | FRANK MESSINA, SPECIAL TO THE TIMES
Less than a year after building a much-vaunted $2.3-million animal control shelter, politics could force the city out of the cat and dog business. While the shelter is praised by animal lovers for its progressive, pro-life policy, it is also under fire from several declared City Council candidates in the November election who claim the facility represents lavish overspending by the city.
CALIFORNIA | LOCAL
July 25, 1994 | FRANK MESSINA
The city will pay up to half the cost of an El Toro Marine Corps Air Station reuse study--a $125,000 symbol of the city's commitment to fight automatic conversion of the air base into a commercial airport. Mission Viejo is one of seven South County cities discussing how much to contribute toward the $250,000 study. City officials say Mission Viejo will likely contribute from $32,000 to $60,000 but is prepared to go higher if necessary.
CALIFORNIA | LOCAL
July 13, 1994 | FRANK MESSINA
A conceptual agreement on a real estate deal that would help finance a new city library has been announced by the City Council. Council members said Monday only the final details remain to be ironed out on a land swap that would exchange a vacant parcel owned by the city for a smaller piece of land owned by the Mission Viejo Co. City officials hope to net between $2 million and $2.5 million from the trade.
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