pages: CityCouncil/2015-05-19.pdf, 14
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CityCouncil | 2015-05-19 | 14 | fund projects; funding needs to be found elsewhere; the City has a new fire boat that could supply water; Alameda also has relationships with large tugboats for firefighting efforts; a new committee will be established to evaluate funding sources. Mayor Spencer inquired whether salt water pumps are installed in San Francisco and Vallejo, to which the Fire Chief responded in the affirmative. Mayor Spencer stated that she does not know how prepared Alameda is to handle an emergency without an EWS; an EWS needs to be prioritized. The Assistant City Manager stated the EWS could be added to the list of items to be brought back. Councilmember Ezzy Ashcraft stated Berkeley did a ballot measure to purchase the pump. The Fire Chief stated various options include large water tankers placed across the Island similar to rural fire departments; hoses cannot be laid with the above ground system with so much debris after an earthquake; he would like several options. Mayor Spencer stated the EOC is funded by refinanced bonds and unspent bond proceeds; Fire Station 3 funding is not covered. The Interim City Manager stated a 20-year loan for the Fire Station has already been approved. The Finance Director stated any proceeds from tax increment repayment would have to be approved within the redevelopment area; Fire Station 3 is in the redevelopment area and is an appropriate use of tax allocation bonds. In response to Mayor Spencer's inquiry, the Interim City Manager stated the redevelopment area is the old Business Waterfront Improvement Project (BWIP) area. In response to Mayor Spencer's inquiry regarding the Ibank loan, the Finance Director stated Ibank issues tax exempt bonds in smaller dollar amounts; the bonds are the best option to finance the project because of the low interest spread over 20 years and fees are one time payments; both the Fire and Police Chiefs went to Sacramento when the loan was considered; the State unanimously approved the funding and encouraged that Alameda was ideal for use of Ibank funding. In response to Mayor Spencer's inquiry, the Finance Director stated the debt service is $200,000. In response to Mayor Spencer's inquiry, the Finance Director stated the Ibank loan will not require a payment until the building construction is done, which the Public Works Regular Meeting Alameda City Council 13 May 19, 2015 | CityCouncil/2015-05-19.pdf |