pages: CityCouncil/2017-02-21.pdf, 17
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CityCouncil | 2017-02-21 | 17 | (17-137) Consider: 1) Sending a Letter to Alameda Health System and Appropriate Health Insurance Plans regarding the Lack of Contracts Covering Many Alameda Residents and Urging Them to Reach Agreements; and 2) Creating a Committee to Review the Issue of Providing Access to on Island Heathcare for Alameda Residents and Make Recommendations of How to Proceed. (Mayor Spencer and Councilmember Oddie) Mayor Spencer and Councilmember Oddie made brief comments. Councilmember Matarrese moved approval of the referral. Councilmember Ezzy Ashcraft seconded the motion, which carried by unanimous voice vote - 5. (17-138) Consider Directing Staff to: 1) Identify All Accounts with Wells Fargo and Investments in Wells Fargo Securities; 2) Draft a Request for Proposal (RFP) for Banking Services for the City of Alameda; and 3) Exclude Wells Fargo from the RFP process and Refrain from Making New Investments in Wells Fargo Securities for a Period of Three Years. (Vice Mayor Vella and Councilmember Oddie) Councilmember Oddie and Vice Mayor Vella made brief comments. In response to Mayor Spencer's inquiry, Vice Mayor Vella stated the request is to not make any investments with Wells Fargo after Council votes on it tonight. Councilmember Oddie stated the City Treasurer could come back with a report; some accounts may not be feasible; he would like to know more information and be socially responsible before issuing an RFP. Mayor Spencer inquired whether Council should vote now or wait for a report to come back. The City Manager stated she interprets the item as a referral; the question is whether to compile data and bring it back to Council to make a determination; in the meantime, the City will not make any additional investments in Wells Fargo. Stated massive financial institutions are making irresponsible investments; urged Council to define the community by choosing financial institutions who exhibit socially responsible actions: Gaby Dolphin, Alameda Progressives. Submitted information; stated he fully supports the proposal; urged Council to consider using a local credit union as a best choice for a banking business: Maxwell Bunshadt. Discussed a prisoner who suffered maltreatment and died because the company that controlled the for-profit correctional facility valued profit over human life; stated Wells Fargo promotes the abuse of practices for private prisons; urged Council to end Regular Meeting Alameda City Council 17 February 21, 2017 | CityCouncil/2017-02-21.pdf |