2004-10-19 Special 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
Special Meeting
Community Improvement Commission 1
October 19, 2004
(04 -O63A) Resolution No.
Year Implementation Plan
End Community Improvement
04 -132, "Approving and Adopting
for the Business and Waterfront
Projects." Adopted.
Commissioner Matarrese moved adoption of the resolution.
the Five
and West
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 2
October 19, 2004
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.
Special Meeting
Community Improvement Commission 3
October 19, 2004