pages: CityCouncil/2005-12-06.pdf, 7
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CityCouncil | 2005-12-06 | 7 | drawing down on the reserves; inquired whether deferred maintenance has grown experientially over the last four years. The Public Works Director responded that unfunded estimates keep growing. Councilmember deHaan inquired how the deferred maintenance growth could be lessened by utilizing available dollars and General Fund reserves. Councilmember Daysog stated that first turning first to the reserves was critical. the reserves have been built up by not funding capital infrastructure maintenance; the build up was done for a good reason because of the Base conversion; drawing down on the reserves needs to be done prudently; half of the 25% reserve is already designated, leaving the actual amount of the reserve at 8% to 12%; suggested revisiting the Henry Gardner Plan; stated lease revenue bonds were issued at Alameda Point in 1999 and were shifted over to pay for infrastructure; there should be a way to issue redevelopment bonds and shift budgetary dollars so that the capital dollars could pay for improvements. Mayor Johnson inquired whether shifting of the budgetary dollars could be done. Councilmember Daysog responded that the matter could be explored with caution; he is not sure about raising taxes; he is willing to explore adjusting the property transfer tax for inflation; stated a report on sources and uses of funds has been presented; requested a detailed plan outlining the problems and timetables for paths, sidewalks and streets; stated he would continue to push for broader community involvement in the process; moving forward was important. Michael John Torrey, Alameda, stated sidewalks are needed on the beltline side of Ralph Appezzato Parkway. Mayor Johnson stated that the Board of Realtors would like to discuss the transfer tax with staff. The City Manager stated that an election would need to be held because taxes are involved; stated that she would be happy to meet with the Board of Realtors. Councilmember deHaan stated that there is a broad range in the amount of transfer tax in other cities; the City of Dublin's transfer tax is $1.10 per thousand and the City of Oakland's transfer tax is $16.10 per thousand. Regular Meeting Alameda City Council 7 December 6, 2005 | CityCouncil/2005-12-06.pdf |