pages: CityCouncil/2008-09-02.pdf, 4
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CityCouncil | 2008-09-02 | 4 | (08-374) Recommendation to accept the Quarterly Sales Tax Report for the period ending March 31, 2008. The Interim Finance Director gave a brief presentation. Mayor Johnson stated first quarter 2008 Alameda Towne Centre sales transactions increased by 11.4% compared to first quarter 2007; current sales tax revenue is less than in 1999; inquired what was the reason for the significant drop in first quarter of 2000. The City Manager responded Lucent Technology left; stated the numbers are gross sales tax per capita. Mayor Johnson stated per capita sales tax was $89.00 for the first quarter in 1998; current per capita sales tax is $76.00; a lot of work needs to be done; residents are spending money in other communities. The Interim Finance Director stated sales leakage is high. Mayor Johnson stated that she is pleased with the numbers for Alameda Towne Centre; the City cannot hang its hat on one tenant at Harbor Bay Business Park. Councilmember deHaan stated the good news is that business-to- business has increased. The City Manager stated that a business relocated from San Leandro and contributed to the increase. Councilmember deHaan stated the Bridgeside Center shows a major increase; the work at Bridgeside has been going on for six years. Mayor Johnson stated the work at Bridgeside started ten years ago. The City Manager stated that this is the first time that Alameda Towne Centre has not been reported as being under construction. Councilmember Matarrese stated staff should be able to measure some Theatre and parking structure investment return soon. The staff recommendation was approved by consensus. (08-375) Discuss and take a position on Proposition 11, the California Voters FIRST Act. The Deputy City Manager gave a brief presentation. Regular Meeting Alameda City Council 4 September 2, 2008 | CityCouncil/2008-09-02.pdf |