pages: CityCouncil/2007-10-16.pdf, 3
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CityCouncil | 2007-10-16 | 3 | from Versatile Information Products of Riverside, California Pursuant to Section 3-15 of the Alameda City Charter for Puma Software Management System. " Adopted. ( *07-503) Introduction of Ordinance Amending the Alameda Municipal Code by Repealing and Amending Various Sections of Article I (Parking Lots) and Article II (On Street Parking Meter Zones) of Chapter XII (Designated Parking) and Adding a Definition Section ( (Section 12-0) Applicable to All Articles to Provide for the Regulation of Public Parking Surface Lots and Parking Structures Administered by the City of Alameda. Introduced. (*07-504) Ordinance No. 2973, "Amending the Alameda Municipal Code by Revising Various Sections of Chapter II (Administration) , Chapter VIII (Traffic, Motor Vehicles and Alternative Transportation Modes) , and Chapter XII (Designated Parking) to Modify the Transportation Commission's Purpose and Authority. " Finally passed. REGULAR AGENDA ITEMS (07-505) Public Hearing regarding financing for Shinsei Gardens Apartments under the requirements of the Tax and Equity Fiscal Responsibility Act (TEFRA) and the Internal Revenue Code of 1986; (07-505A) Resolution No. 14151, "Approving, Authorizing and Directing the Execution of a Joint Exercise of Powers Agreement Relating to the California Municipal Finance Authority. Adopted; and (07-505B) Resolution No. 14152, "Approving the Issuance of Tax- Exempt Bonds by the California Municipal Financing Authority for a Limited Partnership to be Established by Resources for Community Development or an Affiliate Thereof, with Respect to a Multi-Family Apartment Project. Adopted. The Development Manager gave a brief presentation. Mayor Johnson inquired what would happen in the case of default. The Development Manager responded Resources for Community Development (RCD) and tax credit sponsors would be responsible. Mayor Johnson inquired what would happen to the housing units. The Development Manager responded that the financing documents would give rights to various funding sources; stated typically, the City puts itself in a position to step in and resolve issues. Regular Meeting Alameda City Council 3 October 16, 2007 | CityCouncil/2007-10-16.pdf |