pages: CityCouncil/2008-10-21.pdf, 18
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CityCouncil | 2008-10-21 | 18 | MINUTES OF THE SPECIAL JOINT CITY COUNCIL, ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY (ARRA, AND COMMUNITY IMPROVEMENT COMMISSION (CIC) MEETING TUESDAY- -OCTOBER 21, 2008- - -7:25 P.M. Mayor/Chair Johnson convened the Special Meeting at 7:36 p.m. Councilmember/Board Member/Commissioner Gilmore led the Pledge of Allegiance. ROLL CALL - Present : Councilmembers / Board Members / Commissioners deHaan, Gilmore, Matarrese, Tam, and Mayor/Chair Johnson - 5. Absent : None. CONSENT CALENDAR Vice Mayor Tam moved approval of the Consent Calendar. Councilmember Matarrese seconded the motion, which carried by unanimous voice vote - 5. [Items so enacted or adopted are indicated by an asterisk preceding the paragraph number. . ] (*08-438CC/ARRA) Recommendation to authorize execution of a Payment Plan for Sales Tax Guarantee between the City of Alameda and Auctions by the Bay, Inc. Accepted. AGENDA ITEM (08-439CC/ARRA/08-54CIC) Recommendation to accept the Year End Financial Report for the period ending June 30, 2008. The Interim Finance Director gave a presentation. Mayor/Chair Johnson stated the equipment replacement fund is $2.5 million, which is too much; there should be a discussion on what the equipment replacement is for and why there is so much money in the fund. The Interim Finance Director stated the revenue is generated by depreciation, which departments have as an expense how quickly the funds are used depends on budget decisions made each year the depreciation rate is based upon the schedule adopted as part of the audit and is pretty much the IRS's depreciation schedule. Mayor/Chair Johnson inquired whether the number represents real Special Joint Meeting Alameda City Council, Alameda Reuse and 1 Redevelopment Authority, and Community Improvement Commission October 21, 2008 | CityCouncil/2008-10-21.pdf |