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HomeMy Public PortalAbout02-06-2001LII• AGENDA ITEMS ON FILE FOR CONSIDERATION AT THE REGULAR MEETING OF : ~ ~' ~ ~ ~_<_'-~_ _ THE LYNWOOD INFORMATION INC`: )~~ -~'"` ~~~ I ~~,~EIVEU TO BE HELD ON FEBRUARY 6, 2001 1 CITY pF LYNWOOU 6:00 P.M ~ CITY CLERKS OFrlCE COUNCIL CHAMBER ~~~ 0 i 2or PAUL H. RICHARDS, II CHAIRMAN RICARDO SANCHEZ VICE-CHAIRMAN ARTURO REYES DIRECTOR CITY MANAGER RALPH W. DAVIS, III SECRETARY ANDREA L. HOOPER ~ 9 ~ ~1i12w1i2i3~i5 6 s. , .. LOUIS BYRD'' DIRECTOR ARMANDO REA DIRECTOR OPENING CEREMONIES 1. CALL TO ORDER 2. ROLL CALL OF DIRECTORS Louis Byrd Armando Rea Arturo Reyes Ricardo Sanchez Paul Richards TREASURER IRIS PYGATT 3. CERTIFICATION OF AGENDA POSTING BY SECRETARY PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) PUBLIC ORAL COMMUNICATIONS IF AN ITEM IS NOT ON THE AGENDA, THERE SHOULD BE NO SUBSTANTIAL DISCUSSION OF THE ISSUE BY THE COUNCIL, BUT IT IS ALL RIGHT FOR COUNCIL TO REFER THE MATTER TO THE STAFF OR SCHEDULE SUBSTANTIVE DISCUSSION FOR A FUTURE MEETING. (The Ralph M. Brown Act, Government Code Section 54950-54962, Part III, Paragraph 5.) 4. MINUTES OF PREVIOUS MEETING: Special Meeting, January 8, 2001 Special Meeting, January 16, 2001 Regular Meeting, January 16, 2001 Special Meeting, January 22, 2001 Special Meeting, January 25, 2001 CITY ATTORNEY SHAN THEVER & ASSOCIATES • • 5. TELECOMMUNICATIONS UPDATE Comments: Staff came across an article about the City of Chicago setting plans to build ahigh-speed metropolitan area network to link government offices, business, schools, and local .neighborhoods. As an informational item, staff wanted to bring this article to your attention because it parallels this body's strategic vision for Lynwood on ..technology. Recommendation: Staff respectfully requests that the Board of Directors of Lynwood Information Lncorporated receive and file this item. 6. TREASURER'S QUARTERLY INVESTMENT REPORT Comments:. The, purpose of this item is to have the Lynwood Information Inc. members receive and file the attached Quarterly Investment Report for the quarter ending June, 2000. Recommendation: The City Treasures respectfully recommends that the Lynwood Information Inc. members receive and fife the attached Quarterly Investment Report for the quarter ending September, 2000. 7. WARRANT REGISTER: Comments: City of Lynwood warrant registers for February 6, 2001 FY 2000-2001. Recommendation: Staff recommends for the City Council to approve the warrant register. ADJOURNMENT MOTION TO ADJOURN TO A REGULAR MEETING TO BE HELD ON FEBRUARY 20, 2001 AT 6:00 P.M. IN COUNCIL CHAMBER ROOM, CITY HALL, CITY OF LYNWOOD, CALIFORNIA. 2 ..< , , x . LYNWOOD INFORMATION I,NC ;.SPECIAL MEETING JANUARY 8. 2001 The Information .Inc., of the City of Lynwood met in a Special Session at 11330 Bullis Road. on the above date at 9:17 a.m: Chairman Richards presiding. :Directors Byrd, Rea, Reyes, Sanchez, and Richards answered the roll call. Also ,present were City Manager Davis, Assistant City Attorney March, Project Manager Jackson, and Treasurer Pygatt. Secretary, Hooper was absent. Project .Manager Jackson announced that the agenda ,had been posted in accordance with the Brown Act. PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NONE PUBLIC ORAL COMMUNICATIONS NONE Item# 4 STRATEGIC PLAN & IMPLEMENTATION PROGRAM ENVIRONMENTAL SERVICES A) Code Enforcement Pilot Program -Mayors Task Force on Neighborhoods First. -- Joseph Wang and Kathy Beal stated there are 138 .properties in violation. The target Pilot area was between Beachwood Ave. and Los Flores Blvd. There were 211 violations observed by Code Enforcement, and 102 notices of violations were issued, Sixty one (61) City Prosecutor letters were sent to residents. Director Rea questioned what is the procedure on fences, and asked how many appeals do they currently have on hold. Kathy Beal stated Code Enforcement has no appeals at the moment. City Manager Davis stated there have not been any complaints, residents have followed up with the abatement's. Kathy Beal stated the City's letters made a difference, they only have 41 cases pending. ` Kathy Beal also requested to Council that she would like for her part-time employees to become full-time. Director Byrd discussed that communication is the kEy to everything. Director Rea stated that Code Enforcement has done an outstanding job. Director Reyes stated we need Officers over the weekend. Director Byrd discussed that there are to many violations committed over the weekends. Chairman Richards stated he would like to finish the discussion on the Pi of AGENllA rrEM Program in two weeks. • • # ? ADJOURNMENT . Having no further discussion, it was moved by DirectorByrd, seconded by Vice Chairman Sanchez and carried to adjourn the meeting at 11:20 a.m. Paul H. Richards, III, Mayor Andrea L. Hooper, City Clerk 2 .. ~ ,, - ~ :=4.,. LYNWOOD INFORMATION:IN~ JANUARY 16 .SPECIAL MEETING 1 The Information Inc., of the City of Lynwood met in a Special Session at 11330 Bulbs Road on the above date at 9:17 a.m. Chairman Richards presiding. Directors Byrd, Rea, Reyes, and Richards answered the roll call. Vice Chairman Sanchez was absent. Also present were City Manager Davis, City Attorney Thever, Secretary Hooper, and Treasurer Pygatt. Secretary Hooper announced that the agenda had been posted in accordance with. the Brown Act. PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NONE PUBLIC ORAL COMMUNICATIONS NONE Item# 4 STRATEGIC PLAN & IMPLEMENTATION PROGRAM COMMUNITY DEVELOPMENT A) Plaza Del Pueblo Director of Community Development Chicots gave a presentation on the Market Place Site Plan, existing, new and transferred building. Director Rea questioned the name of the project. Director Reyes questioned when is the project going to be started, stated that the City has put a lot of money~into this project, is very concern. Director of Community Development Chicots stated he agrees with Councilman Reyes, and would like to start the project. Chairman Richards stated he would like to have all involved parties meet together to discuss the Market Place Project. Director of Cor.~munity Development Ch~~ots stated that he needs Council to review and apNrove the Site Plan to start the project. Chairman Richards stated he is really happy with the Site Plan, would. like to bring back fior further discussion to next Mondays morning meeting on January 22"d at 8 a.m. • '~ M ADJ.QURNMENT Having no further discussion, it was moved by Director Byrd, seconded by Director Reyes and carried to adjourn the meeting at 11:05 a.m: Paul H. Richards, III, Mayor Andrea L. Hooper, City Clerk 2 LYNWOOD IN.FORMATION.INC., .MEETING JANUARY 16 2001 The Information. Inc., of the City of Lynwood met in a Regular Session at -11330 Bullis Road on the above date at 6:35 p.m. Chairman Richards presiding. Directors Byrd, Rea, Reyes, Sanchez, and .Richards answered the roll call. Also present were City Manager Davis, City Attorney Thever, Secretary Hooper and Treasurer Pygatt. Secretary Hooper announced that the agenda had been posted in accordance with the Brown Act. PUBLIC ORAL COMMUNICATIONS (.Regarding Agenda Items Only) NONE PUBLIC ORAL COMMU'NiCATIONS NONE Item# 4 MINUTES OF PREVIOUS MEETING .Special Meeting of December 18, 2000 Regular Meeting of December 19, 2000 Special Meeting of December 21, 2000 Regular Meeting of January 2, 2001 Special Meeting of January 4, 2001 It was moved by Director Reyes, seconded by vice Director Byrd and carried to approve the minutes, and bring back December 28, 2000 minutes. ltem# 5 INFORMATION ONLY -COMPLETION OF CITY OF LYNWOOD COMMUNITY CALENDAR 2001 It was moved by Director Reyes, seconded by Director Byrd and carried to .receive and file. Item# 6 A RESOLUTION OF THE LYNWOOD INFORMATION, 1NC. OF LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND WARRANTS THEREFORE. It was moved by Director ;";eyes, s~:conded by Director Byrd to adopt Resolution: RESOLUTION NO. 2001.002 A RESOLUTION OF THE C1TY COUNCIL OF THE CITY OF LYNWOOD ALLOWING AND APPROVING TI1E DEMANDS AND WARRANTS THEREFORE ROLL CALL: AYES: BYRD, REA, REYES, SANCHEZ, RICHARDS NOES: NONE ABSENT: NONE • i . ADJOURNMENT Having no further discussion, it was moved by Director Reyes, seconded by Director Byrd and carried to adjourn at 6:40 p.m. Paul H. Richards, lll, Mayor Andrea L. Hooper, City Clerk 2 . .. LYNWOOD_INFO.RMATION, LNC:~ ,SPECIAL MEETING JANUARY 22, 2001 .The Information Inc., of the City of Lynwood met in a Special Session at 11330 Bullis Road on the above date at 9:17 a.m. Chairman .Richards presiding. Directors Byrd, Rea, Reyes, Sanchez, and Richards answered the .roll call. Also present were City Manager .Davis, Assistant City Attorney Calsada, Secretary Hooper, and Treasurer Pygatt. Secretary Hooper announced that the agenda had been posted in accordance with the Brown Act. PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NONE PUBLIC ORAL COMMUNICATIONS NONE CITY MANAGER'S OFFICE/PUBLIC INFORMATION City Calendar Postcards Lynwood 80t" Anniversary (July 16tH) Johanna Howard of Media Services stated the City Calendars are being hand delivered to the residents of Lynwood. Also stated that there are no Council Members photos on the Calendars or Postcards. Member Reyes stated he would like to include the Churches, and the Main Streets on the City's Calendars and Postcards. Chairman Richards stated he is very proud with the staffs work with the City's Calendar and Postcards. Johanna Howard of Media Services stated she would like to know in detail what Council wants on the City Calendars and Postcards, and if there are any concerns. City Manager .Davis stated he is very satisfied with the completion of this project. Chairman Richards stated. that there are no concerns at the moment. City Mana~,~er C~avis announced the City's 80t" Birthday. Director Rc;yes stated he would like to honor the City's Commissioners, who have been members of the Commission over 20 years. Chairman Richards stated he would look into honoring the Commissioners. RECREATION ~ COMMUNITY SERVICES .City Wide Events Director of Recreation & Community Services Given give Council a breakdown of the City Events and the cost of the Events. ~' • Assistant City Manager Hempe stated she would like to bring the Unappropiation Funds as a Subsequent Need Item. It was moved by Director. Byrd, seconded by Director Reyes and carried to approve the Subsequent Need Item. ROLL CALL: AYES: BYRD, REA, REYES, SANCHEZ, RICHARDS NOES: NONE ABSENT.: NONE It was moved by Director Byrd, seconded by Director Reyes adopt Resolution: RESOLUTION NO. 2001.009 A ,RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE APPROPRIATION OF ONE HUNDRED SIXTY-EIGHT THOUSAND THREE HUNDRED AND EIGHTY-EIGHT DOLLARS FROM THE UNAPPROPRIATED GENERAL FUND BALANCE FOR THE PURPOSE OF CONDUCTING VARIOUS CITYWIDE SPECIAL EVENTS. ROLL CALL: AYES: BYRD, REA, REYES, SANCHEZ, RICHARDS NOES: NONE ABSENT: NONE it was moved by Director Reyes, seconded by Director Byrd to adopt Resolution: RESOLUTION NO. 2001.010 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZING THE APPROPRIATION OF TWENTY-ONE THOUSAND,.. SEVEN HUNDRED AND SIXTY-NINE DOLLARS FROM THE UNAPPROPRIATED GENERAL FUND BALANCE FOR THE PURPOSE OF CONDUCTING VARIOUS CITYWIDE SPECIAL EVENTS. ROLL CALL: AYES: BYRD,. REA, REYES, SANCHEZ, RICHARDS NOES: NONE ABSENT: NONE It was moved by Director Reyes, seconded Director Byrd to adopt Resolution: RESOLUTION NO. 2001.011 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD AUTHORIZLNG THE APPROPRIATION OF FORTY-SEVEN SIX HUNDRED AND SEVENTEEN DOLLARS FROM THE UNAPPROPRIATED GENERAL FUND BALANCE FOR THE PURPOSE OF CONDUCTING VARIOUS CITYWIDE SPECIAL EVENTS. ROLL CALL: AYES: BYRD, REA, REYES, SANCHEZ, RICHAR~IS `~ NOES: NONE ABSENT.: NONE Perry Brent of Recreation discussed working on a Year Book nor the City. Also stated he is waiting on .more directions for the 80th Birthday City event. Staff has worked. very hard with the day to day City events. President Richards stated he is very happy with everything especially with staffs work. Also stated he would like to present a special pin to the Law Enforcement Officers who served the City. Director Reyes stated he would like to include Fathers Day. Perry Brent of Recreation stated that the Fathers Day Program is included. • PUBLIC SAfETY Decoy Car Artti-Graffiti Camera Captain Brazil stated Lieutenant Herek would give a brief presentation. Lieutenant Herek explained that a Decoy Car is a 48-hour shift, and they are considering making the Decoy Car a longer shift. Director Reyes stated he would like to .purchase as many Decoy Cars as possible Captain Brazil stated he would look into purchasing more Decoy Cars for the City. Director Rea stated he is very happy with the Decoy Cars. Lieutenant Herek explained that the Anti-Graffiti cameras are motion detectors, and they. have purchased five more cameras for the City. Director Reyes questioned the price of the cameras, and would like to purchase more cameras. Lieutenant Herek stated. that the price is $22,000.00 for each camera. PUBLIC WORKS Pilot Program -Code Enforcement Code Enforcement Manager Beal discussed the Code Enforcement Pilot Program and indicated it is a success, would like to add part-time employees to full-time employees. City Manager Davis stated he would like to have a Grant Fund for the Code Enforcement Pilot Program. Chairman Richards requested the Code Enforcement Pilot Program be brought for further discussion. Director Rea stated there are too many young Code Enforcement Officers, and does not agree with adding two full-time Officers but utilize what is available. Chairman Richards thanked Code Enforcement Manager Beal for her presentation. ADJOURNMENT Having no further discussion, it was moved by Director Byrd, seconded by Director Reyes and carried to adjourn the meeting at 11:05 a.m. Paul H. Richards, III, Mayor ndrea L. Hooper, City Clerk 3 • .~ • LYNWOOD_INFORMATION LNC., SPECIAL MEETING JANUARY 25, 2001 The Information Inc., of the City of Lynwood met in a Special Session at 11330 Bu11is Road on the above date at 9:25 a.m. Chairman Richards presiding. Directors Byrd, Rea, Reyes, Sanchez, .and Richards answered the roll call. Also present were City Manager Davis, Assistant City Attorney Calsada, Secretary Hooper, and Treasurer Pygatt. Secretary Hooper announced that the, agenda had been posted in accordance with the Brown Act. PUBLIC ORAL COMMUNICATIONS (Regarding Agenda Items Only) NONE PUBLIC ORAL COMMUNICATIONS NONE Item# 5 CALIFORNIA TECHNOLOGY TRADE AND COMMERCE AGENCY As a result SB 1136 was passed that renamed the Trade and Commerce Agency to the Technology, Trade and Commerce Agency and also modified the functions of the agency. It was moved by Director Reyes, seconded by Director Byrd and carried to receive and. file. ROLL CALL: AYES: BYRD, REA, REYES, SANCHEZ, RICHARDS NOES: NONE ABSENT: NONE ADJOURNMENT Having no further discussion, it--was moved by Director Reyes, seconded by Director Byrd and carried to adjourn the meeting at 10:30 a.m. Paul H. Richards, III, Mayor Andrea L. Hooper, City Clerk • MEMORANDUM DATE: February 6, 2001 TO: HONORABLE CHAIRMAN AND DIR INFORMATION INCORPORATED/ FROM: Ralph W. Davis, III, City Man BY: Autra Adams, Interim Project Ma~'iager SUBJECT: Telecommunications Update PURPOSE: RS OF LYNWOOD To have the Board of Directors of the Lynwood Information Incorporated receive and file this item. COMMENTS: On December 19, 2000 this body directed staff to retain the services of a consultant to assist in identifying the Board's objectives relative to technology. The consulting firm will be conducting a workshop with this body on February 12, 2001. In the meantime, staff is continuously looking at what other cities throughout the country are doing in the area of technology. We came across the attached article from the City of Chicago that demonstrates a Metropolitan Area Network that they are in the process of creating. The goal of this network will be to electronically link government offices, businesses, schools, and local neighborhoods. Staff will continue to keep this body updated as we discover new innovative ways that other cities are using to bridge the digital divide. RECOMMENDATION: Staff respectfully requests that the Board of Directors of Lynwood Information Incorporated receive and file this item. ATTACHMENT i- A(3E~® CNN.conr - Technology - Cl~go gloves to build metropolitan-area work - Noy etllbar Click Here 9Y _ MAINPAGE WORLD. U.S. WEATHER BUSINESS TECHNOLOGY ?9 computing personal technology SPACE HEALTH ENTERTAINMENT POLITICS LAW CAREER TRAVEL__ FOOD .ARTS & STYLE BOOKS' ' NATURE 1N-DEPTH ANALYSIS LOCAL CNN,com-Europe change default edition video v_ideq-archive audio multimedia showcase more services Subscribe to one of our news-e-mail lists. ~- g0 message boards chat feedback 8'Ip0'~~t~5 Jf' CNNfyi,co_m CNN,co,m-Europe AsiaNow_ Spanish Portuguese German Italian Swedish Norwegian Danish Japanese Chinese Headlines Editions ~ myCNN ~ Video ~ Audio ~ Headline News Brief ~ Free E-mail Feedhack Chicago moves to build metropolitan-area network From_._.. COMPtJTCRWOR[D AN IDG.net SITE November 30, 2000 Web posted at: 9:10 a.m. EST (1410 GMT) by James Cope (IDG) -- It may mean snaking optical fiber throu~lr sewer lines and old tunnels or burying conduits in public transportation rights-of-way, but the city of Chicago is setting plans to build a high-speed metropolitan-area net..ork ('MAN) that will be designed to link government offices. businesses. schools and local neighborhoods. Earlier this month, the city issued a formal request for information to gauge technology vendors' interest in the proposed CivicNet project and to test the viability of the network from a business perspective. Responses are due back by Jan. 19, and a more. formal request for proposals is scheduled to follo~~ early next sprin~~. As of last week, hundreds of companies had ALSO responded to the informational request via a Dallas one of first U.S. cities to Web site devoted to the project that the city has merge Internet, phones set up, said CivicNet project director Doug November 16, 2000 Power, who works for Chicago's Department of General Services. But he added that it's too early to tell ho~~° much it will cost to develop CivicNet, which is expected to take 10 years to complete. Power said that CivicNet will rely on a contingent of interested vendors and users working in conjunction with the ~~tavor's Council of Technology Advisors, a group chaired b~~ Chica<go r\~tayor Richard M. Daley that includes representatives from local government, business, and academic institutions. As envisioned, the network would handle all - - ~ ~ __ _ „ „- communications traffic for the city's ~ - (9DG~ government agencies, schools, parks ~-•~« toG.net Home p~ye P•t~~~ 1 ~,1•' Business r Travel Nec Home & G: E{ectronic: Sporting G .Toys ~ Ga Flowers Jewelry - Cameraa~--' CNN Site Search CNN.CO Find TECHNO TOP STORI Microsoft co week, says Consumer g privacy prot Guide to a vv Chnsta McA quiet on eve anniversary Former Los pleads innoc Debate ope commerce I (MORE) g:~".com TOP STORI More than 1 India quake Mideast neg continue tal elections Officials str~ Venezuela Ex-Bills cos Warned to fo Fame (MORE) Dow plows Daimler hire http://~~-wzv.cnn.conLi2000/TECH/computing/I 1 / 30/chica<.ro.net.idg/index.ht1~11 I /30/01 C~I~m'.com - Technology -Cleo moves to build metropolitan area w k ' ~ - or - tiovetllbor .. F a<<t ~ ~,f _, Korean Headlines department and transit s~ stet», Power said. In Computero:orld's home pave U `"~ GO TO -~ addition, he said, it could function as a Tiny Estonia sets pace i., e- (r.'~o~=; ... bandwidth utility for businesses, medical government facilities and even individual residences. Garner analyst ~-gover:,ment ro; MARKETs " for governments' DJ: 4 ' ~~iNTERH~t7}OHAL Power likened the CivicNet plans to projects Does shopping online chaa: your N,4S a sr',P 4 ; I=~1-~~nE111~1~S in which local governments build roads. library? ~ ¢ -;: -.~., waterworks, sewers and airports to entice ' '''`' ~~`'~`~NE7WORK companies to move in or to prevent them E-BusinessVVorld CNN anchors from ;oin~ elsewhere. In today's e-business Tecnlnformer Da~:~s cola transcripts Turner distribution era, he said, big cities Iike~ChicaQo need to Questions about con,puters~ het 5r,:~::ns~ nay provide access to high-speed networks. IDG.net's editors help you t ,1a,y, ~ ~ . r , help Subscribe to IDG.net's free daily Spre','.~ell ae contents newsletter for IT leaders Mary Regan, an analyst at The Yankee Group R search ad info Search IDG net in 12 languages in Boston, concurred with that view and ~ ain down Rai-ens oar jobs described CivicNet as "a b-old initiative that ''''~''= ;;'a~i'o demonstrates the ever-burgeoning demand for ~ ~ Fusion audio primers (MORE) high-speed connectivity in extended ,~ `~?'~ Computerworld Min t -~ All score u e IiletrOpOhtan areas. W=AZHER Th " ' US Zip . e city isn t interested in gettins into the telecommunications business" ~ ~- itself, Power said. Instead, Chicago wants to facilitate development of the Civici`iet MAN by pulling together a consortium of technology vendors that WORLD would build, own and manage the network he explained. Quake help says Indian As an enticement, the nearly X30 million that Chicago spends each year on networking and telecommunications services would go to the companies that u.S. operate CivicNet. The cit`~ "would be like the anchor tenant in a shoppin~_ 5usn: No he mal(," Power said. Wast,ington power crunc Chicago officials hope to sign contracts with vendors b~ the end of next year PouTICs . Power said. He added that it's unlikely that an v sin~_le y~endor could handle _ the job of building and operating the network. which is expected tq Eie based Busn signs based' than on Ethernet standards and to carne both dat d i business a an vo ce communications. LAw RELATED STORIES: Prosecutor rap star sho Study: West Coast leads wired cities ENTERTAI October 18, 2000 D.C. is nation's most Internet-accessible city Can the sec September 29, 1999 up to the firs Boston's kiosk system links citizens to city hall services August 10, 1999 HEALTH Many new Houston homes will be Internet-wired Heart aocror July 13, 1999 testing supe Santa Monica citizens wage Internet campaign June 9, 1999 TRAVEL Nurses to a~ RELATED IDG.net STORIES: passengers Networking made easy FOOD (PC World) Texas cattlF The 16 best networking products of the year violation of ~Ilttp:~'h~~~~-~~~~:ctul.com/?000/TECH/computing/1 1/30/chica~~o.net.idglitldex.httl~l 1 /3(;f01 ~ uicu~v ~iv~~ iv~~ CITY Uf ~ ~1 ~ ~ ' ~' ;'- 1 ~I:ir~_ '.ia•,c .: ~icc• 5~•a'_h,5_s::.. _i;;t ~i:3'slti'; ~ctidbac~. :';':~i':. . ii~~i f.•_.. ~. ~hiC~C~~ ~141IC~~t Chicago CivicNjet is an initiative of the City of Chicago and the Mayor's Council of Technology Advisors. CivicNet aggregates the communications requirements ofthe City, Chicago Public Schools, Chicago Park District, Chicago City Colleges, Chica~~o Housin~_ Authority, and Chicago Transit Authority. ra•~c i vi i CivicNet positions the City's requirements as an anchor tenant for the development of a new communications infrastructure. The City intends to partner with multiple entities in the private sector to build out this infrastructure, that will be mana~~ed and operated by the Cit_v's private sector partners and marketed by them to all interested parties in the private. public. and institutional sectors. The intent is to create a new communications infrastnicture throughout the Cites for the Internet age, for everyone to use and to spur economic development. "fhe City seeks partners to build, manage, operate, and market CivicNet. The City aisu seeks partners to be co-tenants. Corporations, businesses, banks, universities, healthcare organizations, communit}~ technology centers, etc. that have locations throughout the City are offered the opportunity to participate in CivicNet, to procure high-speed communications at a lower cost than might now be possible. http:~";'www.cityofchicago.org/Ci•.icNet,!Description.html 1/30/01 DATE: February 6, 2001 TO: Honorable Chairman and Directors of the Lynwood Information Inc. FROM: Ralph W. Davis, III, City Mana r " BY: Iris Pygatt, City Treasurer SUBJECT: TREASURER'S QUARTERLY INVESTMENT REPORT PURPOSE: The purpose of this item is to have the Lynwood Information Inc. members review the Treasurer's Quarterly Investment Report as required by recently State enacted statute. BACKGROUND: In response to the crisis caused by the Orange County investment pool, the State Legislature in 1995 enacted SB564 and SB866. These laws were enacted as State Statutes to impose certain mandates regarding investment with public funds. The statutes have imposed the following mandates: 1. Annual adoption of an Investment Policy that incorporates changes mandated by the State. 2. Quarterly Investment Reports presented to the Legislative Body or Board Members. 3. Restrictions on the use of certain investment instruments. The attached Treasurer's Reports has been prepared to provide the Lynwood Information Inc. members with the following information:- 1. Types of investments (including principal, market value, rates, and maturity date). 2. List of various bank accounts with banking institutions. 3. Statement informing each Agency (City, LRA, and LII) that is expected to have sufficient liquid funds to meet its pooled expenditure. requirements for the next six (6) months. 4. Statement informing the Council that the investment portfolio conforms with the adopted investment .policy. 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