pages: CityCouncil/2006-06-20.pdf, 23
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CityCouncil | 2006-06-20 | 23 | Councilmember/Board Member/Commissioner Matarrese stated part of the reason for building a new Clubhouse is to change the look of the Golf Course and increase revenues. Mayor/Chair Johnson stated the Joint City Council and Golf Commission Meeting is scheduled soon. The City Manager/Executive Director stated the Golf Commission is reviewing a business plan and issues beyond rainy days. Mayor/Chair Johnson stated the Golf Commission should not be looking at the issue as a short-term rain problem; the national trend has been declining golf for years; inquired whether the restricted reserves would be used for the Clubhouse. The City Manager/Executive Director responded the restricted reserves identify the actual capital assets. Mayor/Chair Johnson stated the business plan should be adjusted to reflect the current revenue. Councilmember/Board Member/Commissioner deHaan stated the ROI was decreased currently but was increased in the past to address the City's shortfall. The Finance Director stated the Council adopted an ordinance that established the Payment in Lieu of Taxes (PILOT) and ROI in Fiscal Year 2004-2005; the ROI applies to the Alameda Power and Telecom and Golf funds; the PILOT applies to the sewer fund, Alameda Power and Telecom and Golf fund; the PILOT and ROI produced additional revenue which was helpful in 2005 and 2006; the recommendation was to reduce the ROI by 50% on the Golf fund and Alameda Power and Telecom because of the increasing General Fund revenue. Councilmember/Board Member/Commissioner deHaan inquired whether lowering the ROI further is anticipated, to which the Finance Director responded possibly. Mayor/Chair Johnson stated the ROI should not be considered a permanent source of revenue. Vice Mayor/Board Member/Commissioner Gilmore inquired whether Special Joint Meeting Alameda City Council, Alameda Reuse 9 and Redevelopment Authority, and Community Improvement Commission June 20, 2006 | CityCouncil/2006-06-20.pdf |