pages: CityCouncil/2010-06-24.pdf, 6
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CityCouncil | 2010-06-24 | 6 | Commissioner Tam inquired how the Island High School commitment turned into a need for housing. The Economic Development Director responded the City does not have a commitment for Island High School; stated the City is interested in acquiring Island High School to build housing. Commissioner Tam stated Mr. Brandt explained to her that the City had to provide a pass through for the School District and there was potential for working with the School District to provide an advance when the School District has financial problems to see if the City could provide some type of in-kind service for an Island High School trade. The Economic Development Director stated the City has explored ways to make use of the housing money for the School District; the School District has the property [Island High School] that the City is interested in as a location for affordable housing; over the last couple of years, the City has discussed leasing the property long term, buying the property out right, or leasing the property and making some type of large payment upfront so that the School District could use the money for something other than housing; now, there is a unique time window in the law for the next two years and two months in which the School District can use the money from land sales for operating purposes rather than being confined to capital. Commissioner deHaan inquired whether any money could have been designated for operation when the pass through was put together. The Economic Development Director responded the State requires that a portion of the pass through goes to capital and the balance goes to operating; stated the issue with the 43.3% operating portion is that the School District needs to report the amount received to the State, and the State reduces funding for operation; school districts are funded based upon an average daily attendance formula. Chair Johnson stated the pass through is a liability to the State. Commissioner Gilmore requested an explanation of the Educational Revenue Augmentation Fund (ERAF) shift. Mr. Doezema stated the ERAF take from the CIC and other redevelopment agencies across the State goes into a special fund in each county within the State; the State uses the money to pay what it is required to pay to schools; under Proposition 98, the State has an obligation to get all school districts to a certain funding level. Commissioner Gilmore inquired whether the $7.4 million [taken from Alameda] has not gone to AUSD, but to school districts statewide in the past ten years. Special Joint Meeting Alameda City Council, Alameda Public Financing Authority, Alameda Ruse 6 and Redevelopment Authority, and Community Improvement Commission June 24, 2010 | CityCouncil/2010-06-24.pdf |