pages: CityCouncil/2010-06-24.pdf, 11
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CityCouncil | 2010-06-24 | 11 | Management Policy would be brought back at the July 20, 2010 or July 27, 2010 Council meeting. Councilmember Matarrese stated one maximization of return might be a contribution to infrastructure; his preference would be to tilt to the hard asset if he had to choose between the General Fund versus something going into the ground, ensuring that the shoreline is shored up and streets and sewers are maintained at a high level; the hard asset has a longer life. The Interim City Manager continued the presentation. Councilmember Gilmore inquired how the Veteran's Building and Meyer's House would be classified. The Interim City Manager responded today, the Veteran's Building would be considered community use; stated the Veteran's Building could be considered operational if the City rehabilitated the building into office space; the Meyer's House is considered community use. Councilmember Tam inquired whether a fair appraisal would be performed for long-term lease or sale. The Interim City Manager responded an appraisal would be done for a sale; stated other criteria would be considered for other uses to determine how the City could get management of the asset in terms of return. Councilmember Matarrese stated the top priority of the asset management strategy should be to maintain the asset; the Tidelands has very expensive maintenance; bringing the Veteran's Building back to the way it was would be very expensive. Mayor Johnson stated a balance is required because maintenance funding is needed; the City does not have a strategic plan for maintaining assets. Councilmember Matarrese stated that he understands the balance and need for revenue; in hard times, revenue is always used for operations and maintenance is deferred. Mayor Johnson stated maintenance funding needs to be established; the Veteran's Building is not the only asset that has not been maintained; funds need to be set aside for accumulated, deferred maintenance. Vice Mayor deHaan stated properties need to get back to an original baseline; then, maintenance can be done; many times, excess property is something to make money on; the asset could be held onto for something that could be beneficial to the Special Joint Meeting Alameda City Council, Alameda Public Financing Authority, Alameda Ruse 11 and Redevelopment Authority, and Community Improvement Commission June 24, 2010 | CityCouncil/2010-06-24.pdf |