pages: CityCouncil/2013-03-19.pdf, 8
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CityCouncil | 2013-03-19 | 8 | the year. The Public Works Director responded in the negative; stated there is a combination of factors, including the Department being down one staff member, which decreases the amount of work that can be done; staff is working diligently to bring projects to bid; unlike most operating budgets, capital project budgets include facility maintenance and span fiscal years; once a project is funded, developing the plans, going out to bid, and awarding the contract all take time; construction may actually occur in the next fiscal year. The Controller stated that the budget for capital and maintenance projects is in a separate capital improvement fund, which is excluded from budget actuals because the fund is project oriented instead of fiscal year oriented. Councilmember/Agency Member Tam noted license and permit revenues are accelerating; inquired whether revenues will exceed the $1.7 million amount in the budget by the end of the fiscal year. The Controller responded in the negative; stated the revenue from business licenses and permits will be at the [$1.7 million amount] budgeted. Councilmember/Agency Member Tam inquired whether the $11 million debt from the Redevelopment Agency mentioned by the speaker is obligated specifically to the Islander Hotel and Jack Capon Villa. The Controller responded in the affirmative; stated the bulk of the $11 million was used to purchase the Islander Hotel and convert the hotel to affordable housing units; the funds were used as matching grant funds; the matching funds had a time limit and the City did not want to lose the opportunity. Councilmember/Agency Member Tam stated that in past years the City has earmarked $400,000 for the planning and replacement of Fire Station 3; 23% of the $400,000 has been spent and project funding has not been identified; inquired how much of the $400,000 would be used by the end of the fiscal year. The Public Works Director responded that he does not have an exact number, but would provide information to the Council; stated the public engagement process and preliminary design are completed, and a consultant has been hired to do initial work. The City Manager stated the Fire Chief provided a preliminary report and the budget would not be brought forward until the project can be afforded. Councilmember/Agency Member Tam inquired whether the $400,000 funding would be exhausted by end of fiscal year, to which the City Manager responded in the negative. Special Joint Meeting Alameda City Council and Successor Agency to the Community Improvement Commission 2 March 19, 2013 | CityCouncil/2013-03-19.pdf |