- Published on Wednesday, 16 October 2013 01:06
- Written by Los Altos Town Crier Staff
The Los Altos Hills City Council is scheduled to meet 6 p.m. Thursday at town hall, 26379 W. Fremont Road. Following is a roundup of items on the agenda.
Private roads deemed public
Following recent council discussion of the town’s responsibility for 138 private roads in Los Altos Hills, town staff have determined that at least 16 streets previously labeled private roads are actually public roads. An additional three streets were deemed partially public, and eight others require further research from the county to determine their status.
Although Los Altos Hills is not liable for failure to maintain private roads now considered public roads until they are officially accepted into the town’s city street system, if approved for inclusion by the council, the town will become responsible for maintenance.
Private streets now considered public include: Beatrice Lane, Briones Court, Christophers Lane, Country Way, Laurel Lane, Moody Springs Court, Normandy Lane, Olive Tree Court, Olive Tree Lane, Oneonta Drive, Rhoda Drive, Robleda Court, Templeton Place, Todd Lane, Tripoli Court and Willow Pond Lane. Private streets now considered partially public include Adobe Lane, Almaden Court and Miraloma Way.
If the council passes a resolution making the streets public, town staff will assess their current conditions and propose a five-year budget plan for capital improvements.
Upgrades proposed for Westwind arena
The council will review a proposal that calls for up to $57,000 in repairs to Westwind Community Barn’s lower arena, which has gone without any major maintenance since 2008.
Town staff noted that the base of the 20,000-square-foot riding arena has degraded to sandy material, and users are submitting complaints about the facility’s condition. If new base footing is installed, it is expected to last 10 years if properly maintained.
Funding for the project is available in the 2013-2014 town budget, according to the staff report.
Council to review investment report
Following the close of the fiscal year June 30, Los Altos Hills City Manager Carl Cahill asked the council to review and accept the town’s quarterly investment report. Cahill is responsible for investing town funds in accordance with rules set by the California Government Code for municipal governments.
According to the report, the town currently holds an investment portfolio of approximately $9.66 million, divided among the State Treasurer’s Local Agency Investment Fund, the California Asset Management Program and the Comerica Securities CD Program. The report noted that the town pursues a passive investment strategy that allows sufficient liquidity to provide for 10 months of town expenditures.
The town invested approximately 96 percent of its portfolio in U.S. Treasuries last year, yielding an overall return rate of 0.19 percent.
– Ellie Van Houtte