pages: CityCouncil/2009-08-03.pdf, 12
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CityCouncil | 2009-08-03 | 12 | Vice Mayor/Authority Member/Commissioner deHaan inquired whether the drop would continue. The Development Services Director responded the City received a developer advance that is paid off annually with tax increment from the Bayport project; construction of a community building is the only outstanding obligation at Bayport $2 million in expenses is expected for Bayport this year; the APIP debt is being kept as a debt because redevelopment requires debt in order to collect tax increment; only interest is being paid on the APIP loan. Councilmember/AuthorityMember/Commissioner Tam inquired whether funds intended for the Carnegie Building renovation help keep the community development funds positive. The Interim City Manager responded $887,206 in community planning fees were transferred into Capital Improvement Fund; the expectation was that the money would be used for capital improvements for the centralized planning facility at the Carnegie Building money could have been left in the Capital Improvement Fund; however, it would not be prudent because she does not see the project happening within the next three to five years; the fund would be negative $500,000 without the $877,260; the Worker's Compensation negative was $2. 1 million last January and February departments worked very hard in five to six months to reduce the amount to approximately $1.5 million; a charge back system is now in place; departments will pay on a proportionate consumption rate. Vice Mayor/Authority Member/Commissioner deHaan inquired whether charge back formulas would be revisited, to which the Interim City Manager responded in the affirmative. Councilmember/Authority Member/Commissioner Tam inquired where is the $400,000 intended for the Fire Station 3 replacement study. The Interim City Manager responded the $400,000 continues to be a reserve within the General Fund. The Interim City Manager continued the presentation. Councilmember/Authority Member/Commissioner Matarrese inquired where is the money for the special election. The Interim City Manager responded nothing was budgeted; stated approximately $150,000 is in non-departmental funds as a contingency Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Agency, and Community Improvement Commission August 3, 2009 | CityCouncil/2009-08-03.pdf |