09-04-2012 - Traffic Committee Minutes of August 21, 2012 - Item 3 (2).pdfby: Miguel Hemande
Civil Engineering Associate
City of West Covina
Memorandum
AGENDA
ITEM NO. 3
DATE September 4, 2012
TO: Andrew G. Pasmant, City Manager
and City Council
FROM: Shannon A. Yauchzee, Director/City Engineer
Public Works Department
SUBJECT: TRAFFIC COMMITTEE MINUTES
RECOMMENDATION:
It is recommended that the City Council accept and file the attached minutes of the Traffic
Committee meeting held on August 21, 2012.
Reviewed/Approfed by: Shannon A. Yauchzee
Director/City Engineer
Attachment No. 1 - Report
1
ATTACHMENT NO. 1
Tuesday
August 21, 2012
STAFF PRESENT:
REGULAR MEETING
OF THE TRAFFIC COMMITTEE
CITY OF WEST COVINA
3:00 p.m.
City Hall, Room 314
Management Resource Center
Shannon Yauchzee and Miguel Hernandez
OTHERS PRESENT: Maricela Mangin, Ron Sanchez, and Beverly Bulthuis
A. REQUEST:
Jean Foresta, West Covina Resident
THAT NO PARKING ON STREET SWEEPING DAYS BE IMPLEMENTED ON
FRANCISQUITO AVENUE FROM INDIAN SUMMER AVENUE TO VALINDA
AVENUE EVERY MONDAY OF EACH MONTH FROM 7:00 A.M. TO 3:30 P.M.
FINDINGS:
In response to a request to prohibit parking to facilitate street sweeping on Francisquito
Avenue, from Indian Summer Avenue to Valinda Avenue, a survey of the 30 affected
properties was conducted. Sixteen (53%) of the properties responded in favor of
prohibiting parking every Monday of each month from 7:00 a.m. to 3:30 p.m., seven
were not in favor and seven of the properties did not reply to the survey.
Francisquito Avenue is a 40-foot wide collector street in a residential zone. The prohibition
of parking for street sweeping is used throughout the City where more than 50 percent of the
affected properties express a desire for the prohibition and where traffic and/or safety would
not be adversely affected. There would be no adverse effects at this location.
DISCUSSION:
Three of the affected residents attended the meeting to express their support for the
parking prohibition on street sweeping days.
TRAFFIC COMMITTEE RECOMMENDATION:
THAT NO PARKING ON STREET SWEEPING DAYS BE IMPLEMENTED ON
FRANCISQUITO AVENUE FROM INDIAN SUMMER AVENUE TO VALINDA
AVENUE EVERY MONDAY OF EACH MONTH FROM 7:00 A.M. TO 3:30 P.M.
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B. REQUEST:
Oliva Sanidad, West Covina Resident
THAT NO PARKING ON STREET SWEEPING DAYS BE IMPLEMENTED ON
FRIEDA STREET FROM FLORA STREET TO GLORIA STREET EVERY
FRIDAY OF EACH MONTH FROM 7:00 A.M. TO 3:30 P.M.
SUMMARY:
In response to a request to prohibit parking to facilitate street sweeping on Frieda Street,
from Flora Street to Gloria Street, a survey of the four affected properties was conducted.
Three (75%) of the properties responded in favor of prohibiting parking every Friday of
each month from 7:00 a.m. to 3:30 p.m. and one of the properties did not reply to the
survey.
Frieda Street is a residential street, 32 feet in width. The prohibition of parking for street
sweeping is used throughout the City where more than 50 percent of the affected properties
express a desire for the prohibition and where traffic and/or safety would not be adversely
affected. There would be no adverse effects at this location.
TRAFFIC COMMITTEE RECOMMENDATION:
THAT NO PARKING ON STREET SWEEPING DAYS BE IMPLEMENTED ON
FRIEDA STREET FROM FLORA STREET TO GLORIA STREET EVERY
FRIDAY OF EACH MONTH FROM 7:00 A.M. TO 3:30 P.M.
3
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C. REQUEST:
Ruben Hauser, West Covina Resident
THAT STOP SIGNS BE INSTALLED ON THE MINOR STREET APPROACHES
OF THE INTERSECTION OF BROADMOOR AVENUE AND ITUNI STREET.
FINDINGS:
Stop signs have been requested to be installed on the minor street approaches at the
intersection of Broadmoor Avenue and Ituni Street. This intersection is a "T" type
intersection with Broadmoor Avenue being the through street. This area is an established
residential neighborhood made up of single-family homes. The posted speed limit on
both streets is 25 miles per hour.
In field observations, the line of sight for the eastbound approach of Ituni Street and
southbound approach of Broadmoor Avenue are restricted due to the trees at the
northwest corner of the intersection. Also eastbound vehicles rarely slowed when
approaching the intersection and making a right turn on to Broadmoor Avenue.
The following table shows the vehicles volumes for each approach in a 24-hour period.
Approach Ni eh idle Volume
Northbound Broadmoor Avenue 264
Southbound Broadmoor Avenue 155
Eastbound Ituni Street 209
The Manual of Uniform Traffic Control Devices warrants for single stop signs
installation is descriptive rather than quantitative. The warrant applicable to this request
is "A restricted view exists that requires road users to stop in order to adequately observe
conflicting traffic on the through street." Both approaches comply with this warrant.
The City's past practice is to install single stop signs on minor approaches as requested
unless there is some other reason not to do so. There is no reason to not install the
requested stop signs on the minor approaches at the intersections of Broadmoor Avenue
and Ituni Street.
TRAFFIC COMMITTEE RECOMMENDATION:
THAT STOP SIGNS BE INSTALLED ON THE MINOR STREET APPROACHES
AT THE INTERSECTION OF BROADMOOR AVENUE AND ITUNI STREET.
4
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PROPOSED STOP SIGN INSTALLATION
BROADMOOR AVENUE AT ITUNI STREET
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Prepared by: Clara W
Interim Finance Direcfor
Reviewed pproved ay: homas Bachman
Asst. City Manager/Finance Director
City of West Covina
Memorandum
AGENDA
Item No 4
Date September 4, 2012
TO: Andrew G. Pasmant, City Manager
and City Council
FROM: Thomas Bachman
Assistant City Manager/Finance Director
SUBJECT: CITY TREASURER'S REPORT FOR JULY 2012
RECOMMENDATION:
It is recommended the City Council receive and file this report.
DISCUSSION:
Section 53646 of the Government Code states that a city's chief fiscal officer may submit
quarterly reports to their legislative body. This report is to include the type of investment,
issuer, date of maturity, par and dollar amount invested on all securities, investments, and
money held by the local agency. It must also include a statement that the portfolio is in
compliance with the City's investment policy, or manner in which it is not in compliance,
and note the ability of the local agency to meet its expenditure requirements for the next six
months, or provide an explanation as to why sufficient money may not be available.
Although it is no longer a requirement to submit quarterly reports to the local legislative
body, the Finance Department will continue to submit treasurer's reports to the West Covina
City Council each month.
The July Report shows the City's portfolio decreased by $28,668 from $42,841,672 on June
30, 2012, to $42,870,340 on July 31, 2012. The overall average maturity of the portfolio is
827 days or approximately two years. Approximately 8 percent of the portfolio is on deposit
in various bank accounts. These funds are available to satisfy obligations as needed. The
majority of the portfolio is on deposit in two investment pools. Approximately 23 percent is
held in the State of California Local Agency Investment Fund (LAIF) and 37 percent is in the
Los Angeles County Investment Pool (LACIP). These funds are completely liquid since the
City could withdraw them at any time. The portfolio also includes two long-term, high
interest investments made in the early 1980s which constitute approximately 32 percent of
the portfolio. This report also shows cash holdings for the Successor Housing Agency (SHA)
and the Community Facilities District (CFD). The SHA funds are used for the agency
operating expenses including housing programs. The CFD funds are used for district
operating expenses and debt service and are invested in a separate LACIP account. Included
in this report is $3,344,963 of Successor Agency funds invested with the City's pooled cash.
EARNED INTEREST YIELD THIS PERIOD: 2.977% SIX-MONTH TREASURY BILL YIELD: 0.140%
Clara Wong, Interim Finance Direct
SUBMITTED BY:
Thomas-Baajwan, Assislant CIti Manager/Finance
CITY OF WEST COVINA
STATEMENT OF TREASURER'S ACCOUNTABILITY
July 31, 2012
TYPES OF DEPOSITS:
CHECKING ACCOUNTS
Cl WELLS FARGO GENERAL CHECKING
C2 WELLS FARGO BANK GEN AUTO & LIABILITY
C3 WELLS FARGO BANK WORKER'S COMPENSATION
C4 WELLS FARGO PAYROLL
SUB-TOTAL
OTHER INVESTMENTS:
C8 WELLS FARGO SWEEP
US BANK MONEY MARKET
C10 FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA)
C10 FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC)
C11 LOCAL AGENCY INVESTMENT FUND - CITY (LAIF)
C13 LOS ANGELES COUNTY POOL (LACIP)
SUB-TOTAL
TOTAL
SUCCESSOR HOUSING AGENCY
WELLS FARGO GENERAL CHECKING
R788 PACIFIC WESTERN NAT BANK CHECKING
LOCAL AGENCY INVESTMENT FUND (LAIF)
TOTAL SUCCESSOR HOUSING AGENCY
COMMUNITY FACILITIES DISTRICT REVENUE FUND
CF1 WELLS FARGO BANK C.F.D. CHECKING
CF3 LOS ANGELES COUNTY POOL (LACIP)
TOTAL FOR C.F.D. REVENUE FUND
June 30
261,338.00
33,425.38
50,000.00
252,660.10
597,423.48
2,125,420.97
549,393.75
3,688,593.75
10,199,962.50
10,012,193.68
15,668,683.95
42,244,248.60
42,841,672.08
0.00
3,000.00
2,258,863.22
2,261,863.22
398,235.90
2,568,814.55
2,967,050.45
DEPOSITS
16,815,408.87
86,186.72
68,733.41
2,826,999.94
19,797,328.94
7,640,052.17
7,873.22
7,647,925.39
27,445,254.33
0.00
20,563.92
20,563.92
112,100.00
305.41
112,405.41
WITHDRAWALS
16,727,551.87
93,972.27
68,733.41
2,994,529.24
19,884,786.79
4,501,124.22
549,393.75
2,493,661.29
7,544,179.26
27,428,966.06
0.00
26,436.30
26,436.30
2,179.90
2,179.90
July 31
349,195.00
25,639.83
50,000.00
85,130.80
509,965.63 1.190%
5,264,348.92 12.283%
0.000%
3,688,593.75 ** 8.607%
10,199,962.50 ** 23.799%
7,518,532.39 . 17.543%
15,676,557.17 36.578%
42,347,994.73 98.810%
42,857,960.36 100%
3,000.00
2,252,990.84
2,255,990.84
508,156.00
2,569,119.96
3,077,275.96
*NEGATIVE BALANCE REFLECTS OUTSTANDING CHECKS
**These two high interest long term investments were made before State Law limited investments to a maximum five-year term.
It has been verified that this investment portfolio is in conformity with the City of West Covina's investment policy which was approved by the City Council on January 18, 2005.
The investment portfolio provides sufficient cash flow liquidity to meet estimated expenditures for the next six months. This report is accurate with respect to all information received as of July 31, 2012.
City of West Covina Portfolio Details
July 31, 2012
AVERAGE 07/31/2012 06/30/2012
INVESTMENT INVESTMENT ISSUER MATURITY PURCHASE DAYS TO CUSIP RATE YIELD COST PAR MARKET MARKET
NUMBER TYPE DATE DATE MATURITY VALUE* VALUE*
1986-06-01 FHLMC U.S. GOVERNMENT AGENCY 06/01/16 06/01/86
313400MC4 8.250 7.728 10,199,962.50 9,555,000.00
9,555,000.00
11,779,308.45
11,779,308.45
11,775,295.35
11,775,295.35
1381
10,199,962.50
1985-12-10 "" FNMA U.S. GOVERNMENT AGENCY 12/10/15 12/10/85 313586UB3 10.350 8.418 3,688,593.75 3,000,000.00 3,984,120.00 3,987,240.00
1210 3,688,593.75 3,000,000.00 3,984,120.00 3,987,240.00
1992-04-20 LACIP LOS ANGELES COUNTY TREASURER 04/20/92
583 N/A 0.860 0.860 15,676,557.17 15,676,557.17 15,676,557.17 15,676,557.17
1989-10-19 LAIF STATE OF CALIFORNIA 10/19/89 256 N/A . 0.358 0.358 7,530,911.54 7,530,911.54 7,530,911.54 7,530,911.54
827 TOTALS: 37,096,024.96 35,762,468.71 38,970,897.16 38,970,004.06
* MARKET VALUES HAVE BEEN PROVIDED BY U.S. BANK.
** These two high interest long term investments were made before State Law limited investments to a maximum five-year term.
Note: The Wells Fargo Sweep account was not included in the calculation of average maturity.