pages: CityCouncil/2020-10-06.pdf, 17
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CityCouncil | 2020-10-06 | 17 | The Assistant Community Development Director stated the estimate amount for Spirits Alley and non-profits over a three year period would be $390,000. The Community Development Director stated if Council wants to offer extended deferral to the Alameda Theatre, staff will either need to return to Council with a budget amendment to capture additional funds needed to pay the Section 108 loan or amend the resolution; staff recommends returning in order to calculate the actual numbers; stated extending the time costs the General Fund. *** Vice Mayor Knox White left the meeting at 10:20 p.m. Mayor Ezzy Ashcraft stated Alameda Point tenants listening to the discussion could potentially be dismayed; expressed support for care being brought to the expenditure of funds; stated Alameda Point businesses have been out in the Wild West from the beginning and have suffered through infrastructure issues; Alameda Point businesses are struggling during the pandemic; expressed concern about the delay; stated the amount of money is reasonable and is coming from the Base Reuse Fund; staff has provided both the best and worst case scenarios; business recovery will help the City in other ways; Council can be reasonably sure impacts of COVID will be dealt with into the coming year; the risk is reasonable to take and will be an investment; the exact outcome is unknown; businesses have stretched themselves to operate and have brought many benefits to the City; now is the time for the City to step up and help; many people are at the end of their reserves; expressed support for a rent deferral for the Alameda Theatre; stated Council can always make changes further down the road; Council can vote to approve the resolution with the amendment provided by the City Manager; expressed support for a decision that moves the matter forward, rather than having the matter return to Council with further delay; Alameda Theatre is helping the City pay the Section 108 loan. Councilmember Oddie moved approval of authorizing the City Manager to negotiate and execute rent relief agreements with commercial tenants and City-owned properties via the $1.5 million loan conversion assistance program; at Alameda Point, implementing a non-profit and Spirits Alley business relief program in response to the COVID-19 pandemic with a return to Council if the amount for the non-profit and Spirits Alley program exceeds $400,000; and approving a budget amendment appropriating the $1.5 million in Base Reuse Fund balance for Alameda Point theatre loan conversion assistance program and $315,000 in General Fund to assist the Alameda Theatre, with direction to staff to return with possible extensions for deferment. Councilmember Oddie stated that Vice Mayor Knox White and he have been pushing to increase the amount of grant money for small businesses by $300,000 to 600,000 and have been rejected; Council has been strong about providing money to businesses whether or not the ask is lineated with the dollar amount is different than the commitment to small businesses. Regular Meeting Alameda City Council 15 October 6, 2020 | CityCouncil/2020-10-06.pdf |