pages: CityCouncil/2008-06-03.pdf, 21
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CityCouncil | 2008-06-03 | 21 | Operating Memorandum. The Base Reuse and Community Development Manager stated the existing DDA has a section that provides for an ability to do Operating Memorandum if there are technical details that the parties want to work out; the Operating Memorandum will look at property management issues and will deal with a scenario that may present itself in the future; the Operating Memorandum would deal with issues such as fewer lease revenues coming in than property management expenses and how to handle said situation. Councilmember/Commissioner Matarrese inquired whether the Operating Memorandum would come back, to which the Base Reuse and Community Development Manager responded in the affirmative. Vice Mayor/Commissioner Tam stated Section D on Page 12 notes that the developer would reimburse the CIC for the cost incurred if the City issues a demolition permit within sixty days inquired how soon the hospital demolition can start. The Base Reuse and Community Development Manager responded the demolition would have to be authorized through the budget processi stated the demolition work could commence fairly quickly if funds are authorized; Catellus has already prepared the demolition plans. Vice Mayor/Commissioner Tam inquired what is the cost estimate for demolishing the hospital, to which the Base Reuse and Community Development Manager responded several million dollars. Mayor/Chair Johnson stated the Stargell Avenue Extension Project has gone on for years she appreciates the cooperation of the Peralta Board; inquired whether the Board approved the project. The Base Reuse and Community Development Manager responded the Board would take action on June 10. On the call for the question, the motion carried by unanimous voice vote - 5. (08-232 CC) Adoption of Resolution Authorizing and Directing the Preparation and Execution of Certain Lease Financing Documents, Authorizing the Preparation and Distribution of a Preliminary Official Statement in Connection with the Offering and Sale of Certificates of Participation Relating Thereto, and Authorizing and Directing Certain Actions with Respect Thereto. Continued; and Special Joint Meeting Alameda City Council, Alameda Public 7 Financing Authority, and Community Improvement Commission Meeting June 3, 2008 | CityCouncil/2008-06-03.pdf |