pages: CityCouncil/2007-02-06.pdf, 4
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CityCouncil | 2007-02-06 | 4 | explanation on the advantages and disadvantages. The Base Reuse and Community Development Manager responded forty years is the typical lifespan for a redevelopment agency stated a number of redevelopment project areas were adopted prior to 1994; local jurisdictions adopted time limits for issuing debt; bonds were issued up to a certain time, after which the ability to issue debt went away because that is what the City preferred. Councilmember Matarrese inquired how 2011 was established. The Base Reuse and Community Development Manager responded she did not know; stated the project area was pre-1994; the West End Community Improvement Project (WECIP) does not have the same requirements; the Alameda Business Improvement Area has the ability to issue debt through the life of the project area; efforts are being made to bring BWIP into conformity with the other two project areas. Councilmember deHaan inquired why the issue was not addressed in 2003. The Base Reuse and Community Development Manager responded staff was dealing with the [WECIP] project area where time limits were expiring; stated 2011 seemed far away; there was time to address the BWIP time limits. Regular Meeting Alameda City Council 4 February 6, 2007 | CityCouncil/2007-02-06.pdf |