pages: CityCouncil/2009-12-02.pdf, 3
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CityCouncil | 2009-12-02 | 3 | Commissioner Matarrese inquired whether repaying the loan would help keep the funds from the State, to which the Interim Executive Director responded it is the opposite; the State cannot take debt. The Economic Development Director stated the payment to the State is from tax increment money, which is not being used to repay the Sewer Fund. Commissioner Matarrese stated the loan should be repaid if the line gets crossed at some point and the debt is not worth carrying. The Economic Development Director stated the State structured the statutes so that agencies with debt are not obligated to make payment however, the General Fund can make the payments; agencies are shut down until payments are made. Commissioner Matarrese stated the issue could be addressed in an Off Agenda Report. Commissioner Tam inquired whether the entire redevelopment agency is shut down [ in the event of non-payment] The Economic Development Director responded the States shuts down agencies administratively stated only up to 75% of the previous year administration costs can be spent; bonds and new projects are not allowed; limited housing can be done continued the presentation. Chair Johnson inquired whether the whole hospital structure is gone, to which the Economic Development Director responded not completely. Chair Johnson inquired whether removing the building after the fire was more costly, to which the Economic Development Director responded Catellus bids show demolishing the building before the fire would have been less expensive. Chair Johnson inquired whether an investigation was conducted regarding whether the Fire Department let the building burn and if so, what were the results. The Interim Executive Director responded that she would find out and provide information. Commissioner deHaan stated a report was supposed to come back. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority and 3 Community Improvement Commission December 2, 2009 | CityCouncil/2009-12-02.pdf |