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271 <br /> <br /> Responding to a question from Mr. Caravati, Dr. Symons said the Schools have a <br />lot of latitude in the Adult Education Program and minimal reductions are proposed now <br />and they will try to increase revenues. <br /> <br /> Mr. Lynch said he does not feel there is adequate funding in the capital budget for <br />the Schools. <br /> <br /> Dr. Symons said there are more needs than funds available in the capital budget, <br />but he said the City has been extremely generous in their funding of the Schools and the <br />School Board has to set priorities. <br /> <br />PRESENTATION: CITY MANAGER'S PROPOSED FY 02-03 BUDGET <br /> <br /> Mr. O'Connell presented the proposed budget of $88 million, a 7% increase. Mr. <br />O'Connell presented the revenue and expenditure highlights, and said that Council could <br />increase certain fees and wait and see the impact of the State budget before implementing <br />the increases. <br /> <br /> Responding to a question from Ms. Richards, Mr. O'Connell said that generally <br />half of the City's debt service is for the Schools, and noted that there is a significant <br />increase in this budget for capital projects. <br /> <br /> Responding to questions, Mr. O'Connell said that the fare free trolley is included <br />in the operating budget for the first time, the fund balance is not proposed to be reduced, <br />and health care costs are increasing by 13% to 15%. <br /> <br />REPORT: WATER CONSERVATION <br /> <br /> Ms. Judy Mueller, Director of Public Works, said there is a concern that <br />reservoirs could fall to darrgerous levels in the spring and summer if the area does not <br />receive significant rainfall. She announced that the City and County are beginning a <br />campaign to reduce water usage by 10%, but mandatory restrictions may be needed in the <br />near future. <br /> <br />RESOLUTIONS: DESIGNATING AREA BETWEEN GARRETT STREET, SIXTH <br />STREET, MONTICELLO AVENUE AND SECOND STREET AS REVITALIZATION <br />AREA; APPROVING CITY SUPPORT FOR TAX CREDIT APPLICQTION FOR <br />GARRETT SQUARE; AUTHORIZING LETTER OF SUPPORT FOR PIEDMONT <br />HOUSING ALLIANCE RE: GARRETT SQUARE <br /> <br /> Mr. Satyendra Huja, Director of Strategic Planning, explained that Piedmont <br />Housing Alliance (PHA) is requesting the following from the City as part of their <br />application for tax credits for Garrett Square apartments: a financial contribution of <br />$500,000; designation of revitalization area; and a letter of support from the City <br />Manager. PHA will partner with National Housing Trust, and Enterprise Preservation <br />Corporation to purchase, rehabilitate and manage Garrett Square. <br /> <br /> Mr. Bruce Kirtley, President of PHA, said it is the desire of PHA to maintain <br />affordable housing stock in the City and surrounding counties. The PHA Board adopted <br />the following resolution. "To ensure language in first right of refusal agreement to reflect <br />PHA's interest in assuring ifGarrett Square is developed after the tax credit compliant <br />period there will be no net loss of affordable rental units within the City of <br />Charlottesville." Mr. Kirtley said the motion was amended to include "The concept of <br />community will be considered in any replacement units. If redevelopment would occur <br />that PI-IA would do its best to re-establish new units within as close proximity as <br />possible." Mr. Kirtley said that this resolution was done in response to concern about <br />relocation of those living in Vinegar Hill while recognizing that things change in the <br />future. Mr. Kirtley said the Board also agreed that there will be official representation <br />from the City and Garrett Square Tenant Association on an advisory board. <br /> <br /> <br />