pages: CityCouncil/2013-12-17.pdf, 13
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2013-12-17 | 13 | The Chief Operating Officer - Alameda Point gave a brief presentation. Mayor Gilmore stated that she appreciates staff acknowledging phasing is crucial to attempt to match expenses with revenues; the project will be $2 million in the black at the end of build out; there are uses for the money which do not involve creating anything new. Councilmember Tam stated that she appreciates the report and learning about assumptions; recommended having a sensitivity analysis on the revenues; she and Mayor Gilmore worked on a transfer tax increase in 2008 which was a major revenue source for the City in 2009 when Towne Centre changed hands. The Chief Operating Officer - Alameda Point concurred with Councilmember Tam's recommendation to complete a sensitivity analysis; stated staff would select the highest revenues, determine whether certain assumption change, and calculate how changes impact the bottom line; a static property transfer tax is assumed at build out; as land turns over, there will be positive revenue due to ownership transferring from public to private. Vice Mayor Ezzy Ashcraft inquired whether State legislation is required if an Infrastructure Financing District (IFD) is used. The Chief Operating Officer - Alameda Point responded in the affirmative; stated assumptions are based on the current status; there is not an IFD mechanism; IFDs are not allowed in previous redevelopment areas; hopefully, legislation will be approved by the State next year. Vice Mayor Ezzy Ashcraft inquired if Alameda County Measure B has a sunset date. The Finance Director responded in the affirmative; stated Measure B reauthorization would be on the November 2014 ballot; he believes the sunset date is 30 years. The City Manager stated the sunset date may be 20 years. Councilmember Daysog stated that he supports a sensitivity analysis; inquired if a new Fire Station could be located at Atlantic Avenue and Main Street to serve Alameda Point and West End residents and replace the Fire Station on Pacific Avenue and Webster Street. The Fire Chief responded a new Fire Station is a possibility; stated major concerns need to be analyzed; Insurance Services Organization (ISO) requirements need to be followed; Alameda is close to becoming a Class 1 city, which would upgrade insurance ratings; the other concern is response times. CITY MANAGER COMMUNICATIONS Regular Meeting Alameda City Council 10 December 17, 2013 | CityCouncil/2013-12-17.pdf |