pages: CityCouncil/2005-04-19.pdf, 11
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2005-04-19 | 11 | MINUTES OF THE SPECIAL JOINT CITY COUNCIL AND COMMUNITY IMPROVEMENT COMMISSION MEETING TUESDAY- - -APRIL 19, 2005- -7:27 P.M. Mayor/Chair Johnson convened the Special Joint Meeting at 7:56 p.m. ROLL CALL - Present : Councilmembers/Commissioners Daysog, deHaan, Gilmore, Matarrese, and Mayor/Chair Johnson - 5. Absent : None MINUTES (05-157CC/05-016CIC) Minutes of the Special Joint City Council and Community Improvement Commission Meeting held on April 5, 2005. Approved. Vice Mayor/Commissioner Gilmore moved approval of the minutes. Councilmember/Commissioner Matarrese seconded the motion, which carried by unanimous voice vote - 5. AGENDA ITEMS (05-158CC/05-017CIC) Recommendation to approve the Annual Operating and Capital Budget for the Bayport Project. The Acting City Manager stated the budget scenario is considerably better based upon the profit participation section that allows participation in some of the developer's profit. The Development Services Director gave a brief report on the project. ouncilmember/Commissioner Daysog inquired whether bond issuance is not required because revenue generated would cover public improvements and still provide an $800,000 profit. The Development Services Director responded that one bond was issued early in the project; the project's bottom line does not require using any other bonds to finish the project. Mayor/Chair Johnson inquired whether bond capacity is freed up for other potential uses in the future. The Development Services Director responded in the negative; stated the existing agreement does not just contemplate the current phase the obligations of the projects are linked; any project proceeds Special Joint Meeting Alameda City Council and 1 Community Improvement Commission April 19, 2005 | CityCouncil/2005-04-19.pdf |