pages: CityCouncil/2011-02-01.pdf, 12
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CityCouncil | 2011-02-01 | 12 | Councilmember/Board Member/Commissioner deHaan stated that he does not see anything reflected in the report. The Controller stated depreciation is reflected in the budget. The Acting City Manager stated the CAFR has to follow specific guidelines. Mayor/Chair Gilmore stated the Internal Service Funds have been running $800,000 to $1 million in the negative; questioned how the negative has been reduced to $200,000. Councilmember/Board Member/Commissioner Tam stated that she is looking for clues on why the General Fund doubled; the Charter requires Alameda Municipal Power (AMP) to transfer excess earnings to the General Fund; AMP did not have excess earnings in Fiscal Year 2009/2010 but still transferred $2.8 million. The Acting City Manager stated the Public Utilities Board (PUB) has an interest in supporting the City. The Acting City Attorney stated the PUB has made the same transfer over the past several years. The Controller stated an $800,000 one-time catch up payment was made this year. Councilmember/Board Member/Commissioner deHaan moved approval of the staff recommendation. Vice Mayor/Board Member/Commissioner Bonta seconded the motion, which carried by unanimous voice vote - 4. [Absent: Councilmember/Board Member/Commissioner Johnson - 1.] (*HABOC) Recommendation to Authorize the Acting Chief Executive Officer to Negotiate and Execute a Purchase and Sale Agreement for the Islander Motel Property Located at 2428 Central Avenue. Accepted. AGENDA ITEMS (11-047 CC) Resolution No. 14545, "Approving and Authorizing Execution of a Public Improvements Reimbursement Agreement between the City of Alameda and Community Improvement Commission for the Alameda Point Improvement Project Area." Adopted; (11-007 CIC) Resolution No. 11-175, "Approving and Authorizing Execution of a Public Improvements Reimbursement Agreement between the City of Alameda and Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, Community 3 Improvement Commission, and Housing Authority Board of Commissioners February 1, 2011 | CityCouncil/2011-02-01.pdf |