pages: CityCouncil/2014-07-15.pdf, 7
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CityCouncil | 2014-07-15 | 7 | Mayor Gilmore stated based on Ms. Lucas statement regarding paying through property taxes, inquired whether the voters are willing to pay for the property twice. Ms. Lucas responded the voters are not paying twice. Mayor Gilmore stated the voters passed Measure WW to pay for the property; if the City is sued and the Council has to find funds to pay the judgment, taxpayers would be paying for the same property twice. Ms. Lucas stated EBRPD has funds to acquire the property and to develop it; costs would not be piled onto the price of the property to make it more expensive than market value; EBRPD could not buy the property in the event the City acquired the property. The City Manager stated the $1.5 million price was done by EBRPD's own appraiser, an objective third party has not determined the value of the property is $1.5 million; the value of the property is whatever someone is willing to pay for it. Ms. Lucas stated the value of the property must be less than $3 million because Tim Lewis Developers would have paid it already. Councilmember Daysog stated if the combined cost of the land and any outstanding legal issues cost more than the $6.5 million available through Measure WW, it would be Council's decision to exercise options to pay for the delta above Measure WW funds. Ms. Lucas stated the price increase is an attempt to milk EBRPD for available funds; the $6.5 million includes development of the property; the property value is below $3 million. The City Manager stated the fact that Tim Lewis Properties has not paid for the property is not indicative of its value; the City has nothing to gain by using the formula in the Fiscal Responsibility Ordinance. In response to Ms. Lucas' inquiry, the City Manager stated the Fiscal Responsibility Ordinance is needed to protect the City and taxpayer's money. Ms. Lucas stated the property will not be worth $3 million to anyone without access. The City Manager stated no one will know the value of the property until the federal government resolves the access issue. Stated the Fiscal Responsibility Ordinance increases the risk of litigation, is unnecessary and misleading; the federal government does not have access to property: William Smith, Alameda. Mayor Gilmore noted the federal government does have access to the property. Urged the Council not to belabor the issue; stated he is concerned about the cost to Regular Meeting Alameda City Council July 15, 2014 | CityCouncil/2014-07-15.pdf |