pages: CityCouncil/2012-04-03.pdf, 11
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CityCouncil | 2012-04-03 | 11 | The City Clerk stated the Open Government Commission would meet on May 7th. Councilmember deHaan questioned how the Training Center, new fire station, and vehicle replacement would be funded [from Measure C]. The City Manager stated there is a difference between the total amount of money that would be raised over thirty years by the Measure and the amount that would be advanced through floating a bond; the City needs to reserve the right not to be locked into a project if a problem occurs such as a major problem with draining or ground water for the all-weather, multipurpose field; the City would only bond up to 50% of the $1.86 million that should be brought in per year; between $900,000 to $1 million would pay the bond depending upon the rate; the remaining $900,000 to $1 million should be available every year; the City would partner with other agencies for the Training Center; the entire fleet would not be replaced in one year; the Police and Fire Departments are now required to start depreciating to ensure that the City will not be in the same position in the future; the question is what would be done with the first $15 million generated by the bond, as opposed to what to leverage out of the rest of the funds that would come to the City over the thirty-year period. (12-158) Councilmember Tam announced that she attended the League of California Cities Policy Committee Meeting. (12-159) Mayor Gilmore made an announcement regarding the US Coast Guard ship christening. ADJOURNMENT (12-160) There being no further business, Mayor Gilmore adjourned the meeting at 10:46 p.m. in a moment of silence in memory of the seven students killed at the Oikos University. Respectfully submitted, Lara Weisiger City Clerk The agenda for this meeting was posted in accordance with the Sunshine Ordinance. Regular Meeting Alameda City Council 11 April 3, 2012 | CityCouncil/2012-04-03.pdf |