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• <br />• <br />• <br />Agenda Item — 3A <br />Staff Originator: Al Rolek, Director of Finance <br />Date: September 23, 2002 <br />Topic: Continuation of Public Hearing on Five -Year <br />Financial Plan <br />Votes Required: <br />Simple Majority (3/5) <br />Back arod <br />The continuation of the public hearing on the 5 -year Financial Plan is scheduled <br />for September 23. As you will recall, at the September 4, 2002 Council work session <br />staff recommended tabling the issue to allow the plan to be updated consistent with the <br />proposed 2003 budget and to extend the term of the plan to 2003 — 2007. It is staff's <br />intention to update the 5 -year plan and present it to Council at a November work session <br />with a public hearing to be scheduled in December. <br />Staff's recommendation is that the Council continue the public hearing on the <br />Five -year plan to December 9, 2002 with adoption of the plan either on December 9 or <br />December 16. A notice of the public hearing will be posted and published prior to the <br />hearing. <br />OPTIONS <br />1. Continue the public hearing on the Five -year Financial Plan to December 9 <br />2. Continue the public hearing on September 23 as scheduled <br />3. Table to October 14 and refer back to staff <br />Recommendation <br />Option 1. <br />