pages: CityCouncil/2009-02-03.pdf, 8
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CityCouncil | 2009-02-03 | 8 | Counci lmember Matarrese stated the presentation is enlightening; that he hopes CalPERS will be available to the City and Fiscal Sustainability Committee. Mr. Milligan stated CalPERS will be very happy to work the Finance Department and City Treasurer. Councilmember Gilmore stated tonight's presentation is very unusual and has not been done before; thanked CalPERS and staff for the presentation. Councilmember Tam stated the report is enlightening; that she is comforted in understanding the modulating and tempering affect with smoothing; the City does not have to incur the entire amount because of the methodology built into the CalPERS calculation. Councilmember Gilmore stated the City needs to increase the contribution amount in the short run and come up with more money, while taking a hit on sales and property taxes; expenses have increased and revenues have decreased. REGULAR AGENDA ITEMS (09-050) Resolution No. 14306, "Authorizing Application of Grant Funds from the East Bay Regional Park District Under Measure WW Park Bond Act Extension. Adopted. The Recreation and Parks Director gave a brief presentation. Councilmember Matarrese moved adoption of the resolution. Councilmember Matarrese stated all projects are needed; that he hopes the proposed upgrades are not temporary, modular buildings. Mayor Johnson inquired how the money would be distributed. The Recreation and Parks Director responded the program is a reimbursable program. Mayor Johnson inquired whether the timeframe is restricted. The Recreation and Parks Director responded in the negative; stated everything needs to be done by 2018. Vice Mayor deHaan seconded the motion. Under discussion, Vice Mayor deHaan inquired whether some of the Regular Meeting Alameda City Council 8 February 3, 2009 | CityCouncil/2009-02-03.pdf |