pages: CityCouncil/2006-07-26.pdf, 8
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2006-07-26 | 8 | wiggle room in case a problem arises; inquired whether a 15% contingency is adequate. The Development Services Director responded staff recommends reducing the contingency to 5% for the garage and 13% for the theater ; stated $250,000 has been budgeted for soil conditions; testing has been done; she hopes to add back the contingency after construction has started; she feels adequately protected. Councilmember/Commissioner deHaan stated $5 million was to be set aside for the catalyst Webster Street project; the money is out of the budget now; inquired how the project would be funded. The Development Services Director responded there are a number of ideas for funding the project; stated $13.5 million was raised to retire the Marina Village infrastructure obligations; the Marina Village project had a repayment of $2.5 million to the General Fund load; $2 million was given to the Library Project another $2 million has been used in the operation of the theater project; staff has requested that the $1 million coming back from the Library project be distributed back to the theater project; other opportunities include replacing cash reserves and renegotiating the Catellus Project which has uncommitted tax increment and land proceeds. Councilmember/Commissioner deHaan inquired whether the West End generated all the bond funding. The Development Services Director responded 48% came from Business Waterfront Improvement Project (BWIP) and 52% came from the West End. Councilmember/Commissioner Daysog moved approval of directing further analysis of Scheme 2. Councilmember/Commissioner deHaan stated various schemes were revisited because other options needed to be reviewed; the schemes need to be revisited in case the City is unable to value engineer the project back in line; possible cost savings are obvious and provide for more leeway in case there is a problem. Councilmember/Commissioner deHaan seconded the motion. On the call for the question, THE MOTION FAILED by the following voice vote: Ayes: Councilmembers/Commissioners Daysog and deHaan - 2. Noes : Councilmembers/Commissioners Gilmore and Matarrese and Mayor/Chair Johnson - 3. Special Joint Meeting Alameda City Council and 8 Community Improvement Commission July 26, 2006 | CityCouncil/2006-07-26.pdf |