Weekend Cud For You To Chew

A press r


Late in the day Friday, the 13th (appropriate?), the City distributed another press release. This one had the "happy" title, "Moody's downgrades City of Costa Mesa's ratings, citing volatile sales tax revenue and low reserves" - Whew! You can read the press release HERE, including the report from Moody's explaining the reason for the downgrade.
WHAT THE?...

NO BIG DEAL

First, there is nothing to get excited about. The drop in the ratings, as indicated on the press release, was not a surprise to the folks in the Finance Department. Our rating had been "Aa1", a high rating, and was lowered to "Aa2", a slight downgrade. For an explanation of the Moody's ratings visit the Wikipedia page that explains it, HERE. According to Young, this will not significantly affect our ability to do business.
FUEL FOR THE FIRE


A LITTLE PERSPECTIVE
By the way, as indicated on a page from their web site, HERE, the City of Newport Beach made a big deal last year when their rating was RAISED to this same level, "Aa2". Costa Mesa and Newport Beach now have the same rating.
CITY COUNCIL MEETING AGENDA AMENDED

SPENDING YOUR MONEY
This is second meeting for which the details of the Warrants has bee

BUDGET INTRODUCTION - MAYBE

SENIOR MOBILITY AND MORE CONSULTING FEES

There are also a couple other interesting items that would normally be voted upon without comment. One is the agreement with the Orange County Transportation Authority for the Senior Mobility Program, HERE, and item number 8, which deals with the extension of the Public Services Agreement with Management Partners, adding an additional possible $145,000 to the agreement. You can read about that one HERE.
ROCKS PROGRAM FUNDING
Sometime after

FIREWORKS ORDINANCE - WELCOME TO THE WAR ZONE!
The council will have their second, and final, reading of the new ordinance, HERE, that w

I-405 IMPROVEMENT PROJECT

BUSINESS IMPROVEMENT AREA (BIA)

The annual report for the 10-hotel Business Improvement Area (BIA) and the request for re-authorization will be discussed. You can read that staff report HERE.
REWARD PLAN WITHDRAWN

BEER GARDEN?
The final item on the agenda is a request from the Costa Mesa Community Foundation

Labels: BIA, Budget Proposal, fireworks, Jim Righeimer, outsourcing, ROCKS