pages: CityCouncil/2018-06-05.pdf, 5
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CityCouncil | 2018-06-05 | 5 | hardships. In response to Mayor Spencer's inquiry regarding referencing Lime Bikes, the Acting Assistant City Manager stated the reference should have been to a bike share program. On the call for the question, the motion carried by the following roll call vote: Councilmember Ezzy Ashcraft: Aye; Councilmember Matarrese: Aye; Councilmember Oddie: Aye; Vice Mayor Vella: Aye; and Mayor Spencer: Noe. Ayes: 4. Noes: 1. (*18-327) Recommendation to Reject All Bids for the Krusi Park Recreation Center Replacement. Accepted. (18-328) Resolution No. 15384, "Requesting and Authorizing the County of Alameda to Levy a Tax on All Real and Personal Property in the City of Alameda as a Voter Approved Levy for the General Obligation Bonds Issued Pursuant to a General Election Held November 7, 2000 for the Alameda Library." Adopted. The Finance Director gave a brief presentation. Expressed concern over passing the tax without discussion and releasing financial information regarding the bond; urged citizens be informed about the new obligation: Jim Strehlow, Alameda. Councilmember Matarrese stated the obligation is not new; the voters approved a 30 year bond in 2000; the maximum assessed value was $15.98 per $100,000, but it has never been that high and has gone down; the amount is now $4.50; inquired when the tax will be finished. Mayor Spencer requested the speaker's questions be answered. The Finance Director responded the City's debt is in the Comprehensive Annual Financial Report; stated the outstanding balance as of June 30, 2017 was a little over $7.9 million; outlined payments; stated the bond would be repaid in 16 years. Councilmember Ezzy Ashcraft stated that she and Councilmember Matarrese co- chaired the Library campaign, which passed by 78.8%; discussed the assessment; noted the bond was used as a matching fund to apply for State money; the State put in $2 for every $1 of the local match. In response to Councilmember Oddie's inquiry about the assessment being the City's only indebtedness, the Finance Director responded it is the only general obligation bond. Councilmember Oddie moved adoption of the resolution. Vice Mayor Vella seconded the motion, which carried by the following roll call vote: Regular Meeting Alameda City Council 5 June 5, 2018 | CityCouncil/2018-06-05.pdf |