pages: CityCouncil/2006-12-05.pdf, 14
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2006-12-05 | 14 | Lisa Dickerson, Alameda; Oliver M. Vido, Alameda; Theresa Golden, Alameda; Eric J. Kos, Greater Alameda Business Association (GABA) ; John Abrate, Alameda; Patty Jacobs, Alameda; Diane Lichtenstein, Alameda; Jennifer Cohen, Alameda; Diana Kenney, Miracle League ; Kurt Atherton, Marina Square; Russ Grant, Alameda; Harry Hartman, Alameda ; Kathy Wagner, Marina Square Athletic Club (provided handout ; Cathy Leong, Alameda; Matt Maloon, International Brotherhood of Electrical Workers 595 (IBEW) ; Bruce Reeves, Alameda Bruce Lymburn, Clif Bar and Company; Diana Thomas, Marina Square Athletic Club; Andy Slivka, Carpenters Union; David Steele, Alameda; Barry Cohn, NAI BT Commercial Don Peterson, Alameda; Lauren Do, Alameda; Lorre Zuppan, Alameda Lucy Gigli, Bike Alameda and Coalition Partners; Jeff Cambra, Bike Alameda and Coalition Partners (provided handout) ; Jon Spangler, Pedestrian Friendly Alameda: Anne Rockwell Miracle League Donna Gianovlis, Cardinal Point; Bill Williford, Oakland; Kent Rosenblum, Rosenblum Cellars; Saboor Zapari, Angela's Restaurant John Rockwell, Alameda; Eugenie Young, Alameda; Bram Briggance, Miracle League; Melody Marr, Alameda Chamber of Commerce; Jim Rockwell, Miracle League; Seth Hamalian, Alameda; Mario Mariani, Alameda; Nick Cabral, Alameda;Roberta Rockwell, Miracle League. Neutral : Jean Sweeney, Alameda (provided handout ) ; David Giovannoli, Alameda; David Kirwin, Alameda; Denise Brady, Alameda. There being no further speakers, Mayor Johnson closed the public portion of the hearing. louncilmember/Authority Member/Commissioner Matarrese requested an explanation of the City's financial obligations, including where the money would come from and where the money would go. Vice Mayor/Authority Member/Commissioner Gilmore requested an explanation of the City's responsibilitie under the existing DDA and when obligations would start. The Base Reuse and Community Development Manager stated $27.5 million is the tax increment contribution; another $8 million contribution may be required if the project does not achieve a 12% Rate of Return for the developer the City expects to be netting a $5 million Bayport profit participation; the three items total the City's sole commitment of $40.5 million and are tax increment funds generated by the project the money is tied to the developer's property investment which creates the value leading to the tax increment reinvested for demolition and backbone infrastructure work and is capped at $40.5 million; the CIC had an uncapped Special Joint Meeting Alameda City Council, Alameda Reuse and 3 Redevelopment Authority, and Community Improvement Commission December 5, 2006 | CityCouncil/2006-12-05.pdf |