pages: CityCouncil/2022-03-15.pdf, 8
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CityCouncil | 2022-03-15 | 8 | Councilmember Herrera Spencer stated Council is being asked to make a decision that would not arise until after 2052; inquired why the matter could not be addressed then. The Assistant City Manager stated the idea is to inform property owners about the CFD when they first purchase the property. Paul Thimmig, Thimmig and Quint, stated the Master Plan for the community specifies that the City would establish the CFD upfront; the triggering event is only if the requirements are not met; the CFD is a backstop; getting a two-thirds vote of the property owners would be difficult; it is a safeguard for the City. Charles Olson, Lubin Olson, concurred that the CFD was built into the Master Plan from day 1 as a way to address the issue; implementation is very dependent on the future of sea level rise; the project includes adapting to 42 inches of sea level rise through the end of the century, but no one knows if the estimate will be sufficient. Councilmember Herrera Spencer inquired whether CFD 22-2 automatically includes more than townhomes. Sara Mares, NBS, responded the CFD 22-2 boundary map includes the additional areas that are the CFD 22-1 future annexation area; the apartment, live-work, non-residential and townhome areas are all included. Councilmember Herrera Spencer inquired the current number of property owners, to which Mr. Thimmig and Mr. Olson responded three. In response to Councilmember Herrera Spencer's inquiry, Mr. Thimmig stated two of the property owners are related to Alameda Marina and the third is the townhome developer. Councilmember Herrera Spencer inquired about future owners, to which Mr. Thimmig responded it is hard to predict future owners. The Assistant City Manager stated getting the two-thirds vote would be less likely in the future. Mr. Thimmig outlined the Municipal Code requirements. Councilmember Herrera Spencer stated a sample tax bill was not attached to this item; inquired whether the future tax amount is known. Ms. Mares responded the effective tax rate is based on the value of the home; stated it is very difficult to predict the value of the homes in 30 to 40 years; CFD 22-2 rates start lower than CFD 22-1; property owners will be paying less for CFD 22-2. In response to Councilmember Herrera Spencer's inquiry, Ms. Mares stated the amount established in the rate method of apportionment is a maximum special tax, which can annually increase by 2% at most. Councilmember Knox White inquired whether the action tonight sets up the process for the election, but Council could elect not to proceed with the election, to which the Assistant City Manager responded in the affirmative; stated the challenge is the financing mechanism Regular Meeting Alameda City Council March 15, 2022 6 | CityCouncil/2022-03-15.pdf |