pages: CityCouncil/2013-11-19.pdf, 6
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CityCouncil | 2013-11-19 | 6 | insurance policy; the Council has to decide what to pay up front versus over time; a financing mechanism will be put in place so the City has the ability to adapt any sea- level rise over time; staff recommends meeting 24" combined with 18" in the fill areas. Councilmember Tam stated the City has to make an investment through revenues; bonds are typically 30 years, not 50 or 100; Alameda would be constrained by projections and by funding mechanisms. The Chief Operating Officer - Alameda Point stated there are different ways to finance the improvements, including: 1) using sale proceeds from land purchases pay for the infrastructure; 2) Community Facilities Districts (CFD) could collect assessments from properties; 3) requiring developers to pay an impact fee; and 4) grants leveraged from regional, State, and federal funds. In response to Mayor Gilmore's inquiry regarding risks, the Chief Operating Officer - Alameda Point stated staff proposes meeting 24" and keeping the 18" in the development area; the strategy allows development to occur with using just fill up to meet 18"; funds would be collected from all the development to reach the 24" levy as soon as possible; the 24" approach for the entire property is part of the initial strategy, without holding up initial phases by waiting until the levy is built. Vice Mayor Ezzy Ashcraft inquired if the Veterans Administration (VA) will contribute to the Geologic Hazard Abatement District for its clinic and columbarium in the Northwest Territories. The Chief Operating Officer - Alameda Point responded in the negative; stated the VA will be protecting their own site for sea level rise, raising the grade of their property to protect to 55". Vice Mayor Ezzy Ashcraft stated bringing fill material by barge is preferable, instead of by truck. Councilmember Daysog stated alternatives should be included in the event of change. The Chief Operating Officer - Alameda Point stated there will be long term infrastructure to suit the needs. Councilmember Chen inquired the cost of a 18" berm plus a 6" curb on top versus a 24" levy. The Chief Operating Officer - Alameda Point responded the cost to add 6" to 18" areas that do not require a levy is marginal; stated the real expense is turning the 24" areas into a levy. Councilmember Tam inquired whether the cost of the levy is amortized or allocated over the acreage which benefits or the entire site. Regular Meeting Alameda City Council 6 November 19, 2013 | CityCouncil/2013-11-19.pdf |