CC - Item 4A - Staff Report - Authorization to Attend League of CA Cities S E\
cot stat f,eport
TO: HONORABLE MAYOR
AND MEMBERS
ROSEMEAD CITY COUNCIL
FROM: FRANK G. TRIPEPI, CITY MANAGE , ,
DATE: DECEMBER 9, 1998
RE: AUTHORIZATION TO ATTEND LEAGUE OF CALIFORNIA CITIES
MAYORS AND COUNCILMEMBERS INSTITUTE, JANUARY 6-8, 1999,
SACRAMENTO
Attached for your consideration is information regarding the aforementioned conference.
Sessions include: 1999 Legislative Scene, Laws Governing Cities and Councils, Municipal Fiscal
Management for Elected Officials, The Brown Act, and Understanding Conflict of Interest Laws.
The Council has attended this conference and it has proven to be of benefit to the City.
RECOMMENDATION:
It is recommended that the City Council authorize the attendance of any Councilmember, the City
Manager and staff designees.
COUNCIL AGENDA
DEC 151998
ITEM No. eC-71
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...w MAYORS AND
MEM
`■•` COUNCIL MEMBERS
....
• ..a
INSTITUTE
LEAGUE OF
Wednesday-Friday,January 6- 8, 1999
CALIFORNIA Hyatt Regency, Sacramento
CITIES
You'll Want to Attend If You Are A...
•Mayor or Council Member,either newly elected or experienced
• City Manager or City Clerk in a non-manager city
You'll Benefit By...
•Making contacts which will open doors for you throughout your term in office.
•Developing a better understanding of your relationship with city staff and
commissions,and how you can help make those relations productive and satisfying.
•Learning the key legal requirements and limitations on cities—and on you.
• Getting invaluable insights on how to develop good working relations with your
constituents.
• Getting answers to questions about conflicts of interest and reporting requirements.
•Learning how to get support for your ideas.
•Getting valuable tips on how to advocate your interests before the Legislature.
•Learning how to exercise your fiduciary,responsibility for city resources,and what
fiscal resources arc available to your city.
• Understanding the basic processes and requirements of planning, and how to access the
implications of land use issues which will come before you.
If you want to do the best job you can as a city official,this is the place to get stalled! If
you have served for a number of years on your city council,this is the place to get caught
up on the latest requirements and procedures—and to help your new colleagues get off to
a good start.
K Get credit toward completing the League's Elected Officials Leadership Academy by attending this
Institute. The Academy curriculum is designed to provide you with a solid understanding of all the key
subjects and skills you need to he an effective and successful mayor or council member,well prepared to
serve your city and your constituents. The intention of the Academy is to encourage and provide
recognition for education. It functions on the honor system. Completion of the Academy presumes one
has participated in the educational sessions claimed.
Advance Conference Registration Deadline: Friday, December 18, 1998
Hotel Reservation Deadline: Friday, December 4, 1998.
, , , . Be sure to make your hotel reservations ASAP to guarantee a hotel room.
Once the League block is filled, or the deadline passes, we will have no
1400 A STREET rooms available. Don't be left out! Make your hotel reservations now!
S4CRAiMIE\T0.C.1 95814 i
9166588_'00
Preliminary Program
Wednesday,January 6, 1999
9:00 am - 5:00 pm Registration Open - Regency Ballroom Foyer
10:15 am - noon Opening General Session
The Challenge Of Local Leadership
The keynote address reflects on what you can accomplish as a mayor or council member,
the special responsibilities of the office, and the powerful influence you can have on the
lives and future of the citizens of your city.
Your Priorities and The Politically Possible
This engaging and insightful session considers some of the dilemmas and realities you face
as a public official. Learn about the essential skills you need to succeed in office.
noon - 1:45 pm General Luncheon
The 1999 Legislative Scene
Hear an update you on the political relationships and environment that will affect cities
in 1999,and the specific issues of concern to cities that will be considered by the state
Legislature and Congress. Learn what you need to know to effectively represent your
city.
2:00 - 3:30 pm General Session
Forming and Working With Your Leadership Team
Learn how you can develop the good working relationships you need with your fellow
elected officials and staff. No matter what you may have promised in your campaign,
you cannot do it alone.
3:45 - 5:15 pm General Session
The Laws Governing Cities and Councils
You need a basic understanding of the legal authorities and limitations of cities if you are
to carry out your responsibilities as an elected official. Learn about laws which can help
you or hurt you, or remove you from office. If you want to succeed,you "gotta know
the rules
5:30 - 6:30 pm Hosted Legislative Reception
You are encouraged to extend a personal invitation to your legislators to join you at this
reception. Take advantage of this time to begin building strong working relationships
with your representatives in Sacramento.
Evening Free
Page 2
PROGRESS THROUGH LEARNING
Thursday,January 7, 1999
7:15 am - 5:00 pm Registration Open -Regency Ballroom Foyer
7:30 - 8:45 am Informal Division Discussion Breakfasts
Take this chance to meet and chat informally with your colleagues from your own
League regional division about matters that are of mutual concern in your arca.
9:00 - 10:30 am General Session
Municipal Fiscal Management For Elected Officials
Learn the basics you need to properly exercise your fiduciary responsibilities as mayors
and council members.
10:45 - 11:45 am General Session
Land Use Planning For Elected Officials
Many of your decisions on council involve land use matters. This session will provide
you with a good understanding of the laws and processes of land use planning,and the
implications of some of the decisions you will be asked to make.
11:45 am - 1:45 pm General Luncheon
Your League and How To Use It
The League can be one of your valuable assets during your term in office. This informal
discussion session will provide you with a practical overview of the League's services,and
explain how you can tap into its resources and participate in its activities.
1:30 - 3:00 pm General Session
Getting Your Message Across In Public and Through The Media
No matter how good you are in other areas, if you don't communicate effectively and
convincingly with your constituents and the media you will not be successful. This
session will give you tips on how to be a better communicator,both in public and with
the media, no matter how good or experienced you think you are now.
3:15 - 4:15 pm General Session
The Brown Act
California's open meetings law places specific requirements on city officials. You must be
familiar with those requirements if you are to be successful and stay out of trouble.
4:30 - 6:00 pm Open House at the League of California Cities Building, 1400 K Street, 4th Floor
(14th and K Street)
Visit your League's office,just one block from the hotel,for an introduction to your
"home in Sacramento," then return to the hotel for a reception and dinner, and an
enjoyable and informative presentation.
Page 3
Thursday,January 7 continued
5:30 - 8:30 pm Reception/Dinner And Program
Enjoy an instructive meeting of the Dos Caras City Council, and learn the right and
wrong ways to conduct meetings.
Friday,January 8, 1999
•
7:45 - 9:15 am Informal Breakfast Sessions
Survival Tips For Elected Officials
These informal,small group discussion sessions offer you a great chance to learn some of
the "secrets"used by successful elected officials to cope with the demands made on you,
your family and your work. You must maintain a balance to be as effective as you can in
office.
9:30 - 11:00 am General Session
Policy Leadership In Changing Organizations
Explore some challenging ideas about your role and responsibilities as a city council
member. Get a better understanding of how you can make a difference in establishing
the clear vision and policies your city needs,and be hailed as an effective leader.
11:15 am - 12:30 pm Concluding General Session
Understanding Conflict Of Interest Laws
Having a conflict of interest,real or perceived,can render you not merely suspect but
ineffective. Conflicts are a violation of the law. Know what they are and how to avoid
them.
12:30 pm Adjourn
•
Page 4
WALLIN, KRESS, REISMAN & KR.
LAw., OFFICES
TWENTY-EIGHTH STREET SUITE 3IS
SANTA OMONICA, CALIFORNIA 90906-620'.
4EL"HONE (34D1450-95"
F ACSIMILE 1310) 450-0506
TO: HONORABLE MAYOR AND CITY COUNCIL
FROM: CITY ATTORNEY/?4
RE: SANWA BANK CALIFORNIA
DATE: DECEMBER 10, 1998
At the last Council meeting, Councilmember Taylor requested information regarding the
status of the local Sanwa Bank California branch.
A review of news articles reveals that while the parent bank(Sanwa Bank in Tokyo) has
financial problems and will be closing branches in Japan, the California subsidiary bank (Sanwa
Bank California) appears to be thriving and opening new branches. See the enclosed news
articles (3 printed pages) from the Lexis-Nexis service.
Please contact me if you have further questions.
cc: City Manager
Assistant City Manager
Director of Administrative Services
Lisa Baker
PAGE
1ST STORY of Level 1 printed in FULL format.
Copyright 1998 Information Access Company,
a Thomson Corporation Company
IAC (SM) Newsletter Database (TM)
Kyodo News International, Inc.
Japan Weekly Monitor
November 23, 1998
LENGTH: 301 words
HEADLINE: Sanwa Bank sees midterm pretax profit dive 31 pc+.
BODY:
TOKYO, Nov. 19 Kyodo Sanwa Bank said Thursday its unconsolidated pretax
profit in the first half of fiscal 1998 shrank 31.4% from a year earlier to
13.21 billion yen due to write-offs of bad loans. The Osaka-based major
commercial bank reported a net profit of 29.30 billion yen in the
April-September period, up 91.1%, on operating revenue of 1, 117.85 billion yen,
down 7.97. On a per-share basis, its net profit came to 9.77 yen, compared with
5.28 yen a year earlier, thanks to 1.29 billion yen worth of proceeds from sales
of bond holdings. Net business profit, or profit from its core banking business,
totaled 248.40 billi o:: yen, up from 176.58 billion yen a year e==--1 'fr82+w_
Bank said it wrote off bad loans totaling 215.88 billion yen during theterm
toward its goal of clearing 800 billion yen. The ratio of bad loans covered by
provisions stood at 60.36%, down from 68.62% at the end of March. The bank said
it plans to seek 600 billion yen in public money under a new government program
that sets aside 25 trillion yen to infuse new capital into banks. To receive the
public funds, Sanwa Bank will take such restructuring measures as layoffs,
salary cuts, branch closures, and elimination of idle real estate and
facilities. The capital-to-asset ratio -- a main yardstick of a bank's financial
strength -- rose to 9.79% from 9.608 at the end of March. The bank expects the
ratio to exceed the 10% mark at the end of the current fiscal year next March.
Sanwa Bank predicts it will post a parent-only pretax loss of 500 billion yen
and a net loss of 250 billion yen, or 86.79 yen per share, on operating revenue
of 2, 000 billion yen for the fiscal year ending March 31, 1999.
COPYRIGHT 1998 KYODO NEWS INTERNATIONAL, INC.
LANGUAGE: ENGLISH
IAC-.ACC-NO: 53346731 ND
LOAD-DATE: December 07, 1998
r PAGE 6
4TH STORY of Level 1 printed in FULL format.
Copyright 1998 Business Wire, Inc.
Business Wire
June 8, 1998, Monday
DISTRIBUTION: Business Editors
LENGTH: 1962 words
HEADLINE: Sanwa Bank California Says Merger of Wells Fargo-Norwest Will Benefit
Regional Banks as Exodus of Customers from Merged Institutions continues
DATELINE: LOS ANGELES
BODY:
June 8, 1998--Despite claims that it is a "merger of equals, " Monday's
announcement by Wells Fargo that it is being acquired by Minneapolis' Norwest
Bank will only fuel a further rise in frustration levels among the California
bank's retail and commercial customers and may finally motivate many of them to
seek banking relationships at smaller, regional institutions, according to
executives at Sanwa Bank California. -
"Before Wells Fargo had even finished digesting its hostile acquisition of
First Interstate, everyone in the banking industry knew they were looking for a
buyer, " said Doug Stewart, group executive vice president at Los Angeles-based
Sanwa, now the state's fourth-largest bank.
"After every one of these mega-mergers, we and other regional banks have
benefited in terms of increasing our market share, and we would expect to
benefit even more from this one, especially among formerFirst Interstate
customers now at Wells."
Over the past year, Sanwa has embarked on a campaign to attract customers
from other recently acquired institutions, such as Bank of America, First
Interstate, Sumitomo, Glendale Federal and Home Savings. Sanwa officials say
they will now add Wells Fargo to the mix.
Sanwa officials have publicly stated that the only change they foresee for
their $ 8 billion-in-assets bank, the state's fourth-largest, is the growth of
its customer base as unhappy customers continue t0 flow into their bank seeking
stable levels of customer service and refuge from branch closures, service
interruptions and forced changes to their accounts, all of which result from
constant changes in ownership.
With 107 branches throughout the state, Sanwa officials say they are one
of
only a handful of banks remaining in California that can profitably deliver high
levels of customer service while providing the full array of services customers
now demand, including convenient branch locations, a "no-surcharge" ATM network,
-site management personnel, Internet and PC banking, and a telephone banking
center.
"For Wells Fargo, this was way to staunch the flow of customers away from
their bank after the First Interstate merger and stop the rash of operations
glitches they've had since the acquisition of First Interstate, " said Stewart.
"Although Wall Street will undoubtedly praise the deal, the average bank
PAGE 7
Business Wire, June 8, 1998
customer will benefit not at all -- unless higher and more service fees can be
considered a benefit for anyone but the bank."
Now in its 26th year, state-chartered Sanwa Bank California recently
reported its third-consecutive year of record profits and revenues. Sanwa has
nearly 3,000 employees in California.
"It's difficult to get people to change banks even when they're
dissatisfied, " said Stewart. "Only when some momentous event takes place -- like
a change in ownership -- can we really expect a large number of customers to
consider changing their banking relationships.
Meantime, Sanwa said its own commitment to expanding in California can he
seen in the following events that have taken place over the past 18 months:
-- Opening of Sanwa's 106th and 107th full-service branch offices in San
Clemente and Thousand oaks, and the relocation into upgraded facilities of
branches in Los Altos, Stockton and Beverly Hills.
-- Acquisition of Bank of America's Tehachapi branch and the merging of this
branch into Sanwa's existing Tehachapi office.
-- Formation of the bank's first family of proprietary mutual funds, The Eureka
Funds, valued at $ 600 million, which began trading on the Nasdaq Exchange in
October of 1997.
-- Affirmation in January 1998 of Sanwa Bank California's long- and short-term
counterparty ratings from both Moody's and Standard & Poor's ratings services.
-- First-ever ratings issued by Thomson BankWatch to Sanwa Bank California
independent of its parent.
-- Enhancement of Sanwa's internationaltrade capabilities with the recent
appointment of two of the banking industry's most respected international
banking executives.
"These types of mergers are going to provide aggressive, ambitious bankers
at smaller institutions with an opportunity to increase their market shares
because consumers have tired of their banks' names, policies and personnel
changing every year," said Stewart. "Our doors are open wider than ever before
and we have noted a definite increase in new customers since all of these
mergers began two years ago."
Sanwa Bank news releases are available via fax by dialing NewsOnDemand toll
free at 888/329-5714.
CONTACT: Sanwa Bank California, Los Angeles
Keith Karpe, 213/896-7291