CITY OF SUNNYVALE

Council Study Session

Valley Transportation Authority Long Term Financial Strategy

December 14, 2004 - 6:00 p.m.

West Conference Room

The City Council met in a study session at City Hall in the West Conference Room, 456 West Olive Avenue, Sunnyvale, California on December 14, 2004 at 6:00 p.m., with Mayor Dean Chu presiding.

Council Present:     Mayor Dean Chu

Vice-Mayor Ron Swegles

Council Member Otto Lee (teleconference)

Council Member Julia Miller

Council Member Fred Fowler

Council Absent:      Council Member Melinda Hamilton (Excused)

                             Council Member John Howe (Excused)

Mayor Chu called the meeting to order at 6:05 p.m.

Study Session Summary

1.  Background – Fiscal Crisis and Response

The Transportation and Traffic Manager provided information on the VTA’s financial status, conditions leading to the current funding crisis, and efforts by the VTA to respond to the crisis.

2.  Future Scenarios

The Transportation and Traffic Manager summarized two scenarios for the VTA’s fiscal future that the VTA has studied in detail.

3.  VTA Strategy

The Transportation and Traffic Manager outlined a proposal for a new ½ cent sales tax as a new revenue source for VTA transit capital and operating needs.

4.  Council Considerations

The Transportation and Traffic Manager discussed potential issues and impacts of a ½ cent sales tax for transportation to the City of Sunnyvale.

Questions

Staff responded to questions from City Council Members.

Adjournment

The Study Session was adjourned at 6:40 p.m.

Respectfully submitted,

Jack Witthaus, Transportation and Traffic Manager