pages: CityCouncil/2010-07-27.pdf, 23
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2010-07-27 | 23 | The Deputy City Manager - Development Services stated the fund also includes rental income. The Interim City Manager/Executive Director stated the fund also pays for a Housing and Urban Development (HUD) debt service loan; the fund will be closed when the HUD loan is paid off; the Council/Commission/Board Member's would then need to figure out what to do with the excess revenue. Councilmember/Board Member/Commissioner Matarrese stated excess revenues could be used for maintenance. The Interim City Manager/Executive Director stated Fund 621.2 is the Alameda/Oakland Ferry Service fund which has a negative projected cash fund balance; the service is being packaged up to send to WETA; the 600 series are Enterprise Funds; numbers are merged assets and liabilities and are not necessarily negative cash but depreciation; in the very near future, the City will only have two enterprise funds: sewer and golf. * * (10-390 CC/ARRA/10-64 CIC) Councilmember Matarrese moved approval of continuing the meeting past 12:00 midnight. Vice Mayor/Board Member/Commissioner deHaan seconded the motion, which carried by unanimous voice vote - 5. Councilmember/Board Member/Commissioner Gilmore stated previous discussions have involved surveying the Beltline property; that she has discussed the potential for having a fire station on one of the pieces or property with the Interim City Manager/Executive Director; $400,000 has been set aside for soft costs for a fire station; inquired whether the idea is still being pursued. The Interim City Manager/Executive Director responded in the affirmative; stated a corner piece of the Beltline property could be a good spot for relocation of Fire Station 3; that she thinks looking at a complete site analysis and location would be warranted; using existing City property for buildings is important because buying property and building the structure costs too much; constructing a building on City-owned land could easily be done with some one-time monies in the CIP Fund; the CIP Discretionary Fund does not include dollars discussed earlier regarding the sale of the employee parking lot but does include two hits of one-time revenues, which are AMP back payments in the amount of $1.2 million and approximately $800,000 of administrative dollars that had not been charged to the refinanced assessment districts for approximately ten years; the CIP Discretionary Fund has approximately a $2 million projected balance; expenses have not been projected; six to eight months ago, Public Works sold a small portion of Special Joint Meeting Alameda City Council, Alameda Reuse 23 and Redevelopment Authority, and Community Improvement Commission July 27, 2010 | CityCouncil/2010-07-27.pdf |