pages: CityCouncil/2020-10-06.pdf, 10
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CityCouncil | 2020-10-06 | 10 | stated temporary shelter is important when assisting people in encampments around the Posey Tube; there have been a range of "carrots" discussed in terms of outreach and medical assistance; the discussion is in the right direction for addressing homelessness; with more emphasis placed on temporary housing options, encampments can be addressed in a compassionate way; the City is working carefully in the same framework as the Boise decision; compared the Boise decision with the City of Alameda's approach; stated the City is beginning to move forward on the encampment issue. Mayor Ezzy Ashcraft stated that she looks forward to hearing back from staff about the progress. *** Mayor Ezzy Ashcraft recessed the meeting at 9:00 p.m. and reconvened the meeting at 9:11 p.m. *** (20-646) Recommendation to Authorize the City Manager, or Designee, to Negotiate and Execute Rent Relief Agreements with Commercial Tenants in City-Owned Alameda Point Properties via a $1.5 Million Loan Conversion Assistance Program and Implement an Alameda Point Non-Profit and Spirits Alley Businesses Rent Relief Program in Response to the COVID-19 Pandemic; and (20-646A) Resolution No. 15708, "Appropriating $1.5 Million from the Base Reuse Fund for the Loan Conversion Assistance Program and $315,000 from the General Fund to Assist the Alameda Theater." Adopted. The Assistant Community Development Director gave a presentation. Councilmember Vella stated Council previously provided direction; inquired whether the matter affects the City's ability to pay for other things at Alameda Point; stated the money will be set aside in a fund as opposed to paying for other items; inquired whether the impact has been calculated. The Assistant Community Development Director responded the money is coming out of the fund balance; stated the fund balance is healthy and can operate Alameda Point without any incoming revenue for one year; the annual operating budget is roughly $14 million; previously a fund balance of $2 million was considered healthy; the increase is due in part to competitive deals being approved; even with the reduction in rent from MARAD leaving, Alameda Point continues to remain competitive and have healthy revenue generation. Councilmember Vella inquired the impact should all tenants default at Alameda Point as a worst-case scenario. Regular Meeting Alameda City Council October 6, 2020 8 | CityCouncil/2020-10-06.pdf |