pages: CityCouncil/2008-06-17.pdf, 28
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CityCouncil | 2008-06-17 | 28 | approximately $700,000; the Golf Course cash reserve is $1.1 million; the Golf Course would still be able to cover the shortfall for this year without the rebate. Councilmember/Board Member/Commissioner deHaan stated the 2004-2005 ROI for the Golf Course and AP&T was to be for a short period of time. Mayor/Chair Johnson inquired whether the proposal is to rebate both the ROI and surcharge, to which the City Manager/Executive Director responded in the affirmative. Mayor/Chair Johnson inquired how much is the surcharge. The City Manager/Executive Director responded $171,960. stated $99,040 is the ROI revenue. Mayor/Chair Johnson inquired how long the surcharge has been in place, to which the Recreation and Park Director responded since 1991. Councilmember/Board Member/Commissioner Gilmore stated intending to fund Fire Department overtime needs to be done with the realization of buying more time in hopes that revenue enhancement ideas pass in the fall; another plan needs to be in place if the revenues do not pass. Councilmember/Board Member/Commissioner Matarrese stated that he would support additional time being gained on the back of Golf. Councilmember/Board Member/Commissioner deHaan stated that everything is being put on a fast track; the top priority is public safety. Vice Mayor/Board Member/Commissioner Tam stated the $300,000 is not going to buy enough time past the fall; having the extra $271,000 would provide the comfort needed not to rotate a fire truck out of service. The City Manager/Executive Director stated $271,000 revenues would be taken from the Golf Course and added to the General Fund. Councilmember/Board Member/Commissioner deHaan stated that three years ago he stated that the Golf Course was on a death spiral ; Alameda Point is placing the City in another situation of eroding the General Fund; lease revenues needs to be increased as much as Special Joint Meeting Alameda City Council, Alameda Public Financing Authority, Alameda Reuse and 18 Redevelopment Authority, and Community Improvement Commission June 17, 2008 | CityCouncil/2008-06-17.pdf |