pages: CityCouncil/2005-12-06.pdf, 4
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CityCouncil | 2005-12-06 | 4 | Mayor Johnson called a recess to hold the Special Joint City Council, Community Improvement Commission, and Alameda Reuse and Redevelopment Authority Meeting at 8:03 p.m. and reconvened the Regular Meeting at 9:10 p.m. *** (05-566) Update on City's infrastructure investment and review of options to increase funding for preventative maintenance of infrastructure. The Public Works Director gave a brief presentation. Mayor Johnson requested that a comprehensive report be brought back to the Council at mid-year. Councilmember Daysog inquired whether the real property transfer tax was adjusted every year for inflation, to which the Finance Director responded in the negative. Councilmember Daysog stated $5.40 per thousand would be $5.69 per thousand if adjusted for inflation; the increase would equal approximately $180,000. Mayor Johnson stated that she received several calls on the matter the Board of Realtors supports an increase in the tax but would like to be involved in deciding the amount; the increase in home prices pus an increased transfer tax above inflation rates. Councilmember deHaan inquired whether $27 million was needed for deferred maintenance, to which the Public Works Director responded in the affirmative. Councilmember deHaan stated nothing in the presentation reduces the shortfall in a good orderly manner making up the shortfall through the transfer tax and lighting district assessments would be hard; inquired whether the shortfall would continue to escalate and deteriorate over time. The Public Works Director responded in the affirmative; stated the recommendation tonight was to get direction on crafting a long-term strategy which would be folded into the ten-year model. Councilmember deHaan stated that he did not see any cure-all, only band-aids. Regular Meeting Alameda City Council 4 December 6, 2005 | CityCouncil/2005-12-06.pdf |