2004-10-19 CIC MinutesMINUTES OF THE SPECIAL COMMUNITY IMPROVEMENT COMMISSION MEETING
TUESDAY- -OCTOBER 19, 2004- -7:25 P.M.
Chair Johnson convened the special meeting at 7:51 p.m.
Commissioner Gilmore led the Pledge of Allegiance.
ROLL CALL - Present: Commissioners Daysog, Gilmore, Kerr,
Matarrese and Chair Johnson – 5.
Absent: None.
CONSENT CALENDAR
Commissioner Kerr moved approval of the Consent Calendar.
Commissioner Matarrese seconded the motion, which carried by
unanimous voice vote – 5.
[Items so enacted or adopted are indicated by an asterisk preceding
the paragraph number.]
(*04-059) Minutes of the Special Joint Community Improvement
Commission (CIC) and Housing Authority Board of Commissioners
Meeting of September 1, 2004; the Special CIC Meetings of September
7, 2004; the Special CIC Meeting of September 16, 2004; the Special
CIC Meeting of September 21, 2004; and the Special Joint City
Council and CIC Meeting of October 5, 2004. Approved.
(*04-060) Recommendation to enter into an Exclusive Negotiation
Agreement with MovieTECS for the Redevelopment of the Alameda
Theatre to complete a Disposition and Development Agreement with
MovieTECS. Accepted.
(*04-061) Recommendation to amend the amended contract with
Architectural Resources Group by increasing fees $43,550 to provide
additional pre-planning services for the proposed Alameda
Theatre/Cinema Multiplex/Parking Structure Project. Accepted.
(*04-062) Recommendation to amend the contract with Michael Stanton
Architects to provide additional pre-planning services for the
proposed Historic Alameda Theatre Parking Structure and Cineplex
Project, amount not to exceed $37,500. Accepted.
AGENDA ITEM
(04-063) Public Hearing to consider adoption of the Implementation
Plan for the Business and Waterfront and West End Community
Improvement projects; and
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October 19, 2004 1
(04-063A) Resolution No. 04-132, “Approving and Adopting the Five
Year Implementation Plan for the Business and Waterfront and West
End Community Improvement Projects.” Adopted.
Commissioner Matarrese moved adoption of the resolution.
Commissioner Kerr stated that she would like to see a bail out
provision in the event the State takes more redevelopment funds;
calculations are based upon the current rate; the rate will almost
certainly increase.
The Development Services Director stated staff could have the
Implementation Plan include a statement about financial issues
related to the State’s takings.
Commissioner Kerr stated the State keeps increasing the amount of
money it takes from redevelopment areas; although bonds have been
issued, the City might not have enough money to pay off existing
bonds if the State continues to increase the amount of tax
increment it takes; the State has indicated [bond repayment] money
would have to come from the General Fund.
The Development Services Director stated that Commissioner Kerr’s
comments about a bail out provision would be addressed as part of
the Exclusive Negotiation Agreement with MovieTECS [paragraph no.
04-060].
Chair Johnson inquired whether adjustments could be made to the
Plan during the 5-year period, to which the Development Services
Director responded in the affirmative.
Commissioner Daysog stated around $43 million in bonds were issued;
including interest, the overall debt service would be $100 million;
requested information comparing the entire [$100 million]
expenditure and the incoming revenues; stated revenue would come in
from various projects; however, he is requesting the current tax
increment base that supports the debt service.
The Development Services Director stated the current overall tax
increment from both projects in the plan is a little over $7
million annually; a significant amount is dedicated to debt
service; staff would provide said information.
Commissioner Daysog seconded the motion, which carried by unanimous
voice vote – 5.
Special Meeting Community Improvement Commission
October 19, 2004 2
ADJOURNMENT
There being no further business, Chair Johnson adjourned the
Special Meeting at 7:59 p.m.
Respectfully submitted,
Lara Weisiger
Secretary, Community Improvement
Commission
The agenda for this meeting was posted in accordance with the Brown
Act.
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October 19, 2004 3