pages: CityCouncil/2018-02-20.pdf, 11
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CityCouncil | 2018-02-20 | 11 | Councilmember Ezzy Ashcraft inquired when the language in the resolution refers to the project, is it referring to the list of areas that were polled. The Public Works Director responded in the affirmative; stated the language refers to the $95 million of projects listed in the expenditure list. Councilmember Ezzy Ashcraft inquired how the finding can be made that $95 million will pay for the cost of the project when the expenditure plan lists $293 million of unmet infrastructure needs. The Public Works Director responded the cost of the project is $95 million of infrastructure needs that will be addressed through the infrastructure bond. The City Manager stated the first sentence in the section states: "you have to determine that the estimated cost of the project will require an expenditure greater than the amount allowed by the annual levy.' Councilmember Ezzy Ashcraft stated that she is concerned with the last sentence regarding the $95 million. Brian Quint, Bond Counsel, stated the resolution is the initial requirement to place the bonds on the ballot; the specificity is set forth in the ordinance. Councilmember Ezzy Ashcraft stated project guidelines will not be established until after the measure is passed. Mr. Quint stated based on community input, the focus will be on the four priorities, but allow for flexibility. In response to Councilmember Ezzy Ashcraft's inquiry, the City Clerk stated every election that is a general municipal is in November of even numbered years; any other election is called a special election, even if it is consolidated with other elections like the June primary. Councilmember Ezzy Ashcraft inquired how the maximum interest rate of 12% per annum was figured. Mr. Quint responded the rate is the statutory maximum. Vice Mayor Vella inquired why the item is being placed on the June ballot and not the November ballot. Ms. Lew responded existing State law indicates that in order to take advantage of the simple majority threshold for general purpose measures, the measures must be during a regularly scheduled municipal election. Regular Meeting Alameda City Council 11 February 20, 2018 | CityCouncil/2018-02-20.pdf |