pages: CityCouncil/2011-06-28.pdf, 8
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CityCouncil | 2011-06-28 | 8 | Councilmember/Board Member/Commissioner deHaan inquired whether projects in the cue would use most of the $250,000. The Deputy City Manager responded the money would cover fifteen to twenty projects; stated staff would pursue grants. Vice Mayor/Board Member/Commissioner Bonta stated that he is supportive of taking advantage of lower costs; he is worried about the lack of on-going funding for the program; inquired how the program would continue. The Deputy City Manager responded staff does not have a detailed plan; stated Fleet Industrial Supply Center (FISC) lease revenue funds that have been kept available in case something happens to the warehouses could be used. Vice Mayor/Board Member/Commissioner Bonta inquired whether a finite time limit has always been assumed for the program. The Deputy City Manager responded staff has always assumed that another funding solution would be needed. The Assistant City Manager stated the program has always been successful and money has been well spent; staff is working on an alternative but cannot promise that a solution will be found down the road; the City does not have a lot of unrestricted funds. Councilmember/Board Member/Commissioner Johnson stated the $250,000 leverages a lot of money from the private sector; inquired how much money [for projects] comes from businesses and building owners. The Deputy City Manager responded that she does have said information at this time but it would be provided. Mayor/Chair Gilmore stated the she is hearing a consensus to go ahead and spend the money aggressively and try and take care of as many of projects in the cue as possible; provided direction to increase the façade grant program to $250,000. * Councilmember/Board Member/Commissioner Tam left the dais at 9:00 p.m. and returned at 9:02 Councilmember/Board Member/Commissioner deHaan stated Alameda's reserves are at the lower end compared to other cities. The Controller stated Alameda has a fair amount of reserves; however, the chart Special Joint Meeting Alameda City Council, Community Improvement Commission and Alameda 8 Reuse and Redevelopment Authority June 28, 2011 | CityCouncil/2011-06-28.pdf |