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CityCouncil/2018-06-05.pdf,5 | 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… | CityCouncil/2018-06-05.pdf |
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CREATE TABLE "pages" ( [body] TEXT, [date] TEXT, [page] INTEGER, [text] TEXT, [path] TEXT, PRIMARY KEY ([path], [page]) );