Title
Finance Committee Meeting Highlights of February 3, 2012
Body
CITY OF SAN LEANDRO
CITY COUNCIL FINANCE COMMITTEE
February 3, 2012
8:15am - 9:45am
San Leandro City Hall
835 East 14th Street
San Leandro, California
(Sister Cities Gallery)
HIGHLIGHTS
Committee Members: Mayor Cassidy, Vice Mayor Gregory
City Staff Present: City Manager Zapata, Assistant City Manager Marshall, Interim Finance Director O’Leary, Community Development Director Sims, Business Development Manager Battenberg, Deputy Finance Director Rodriguez, Housing-CDBG Manager Liao, Budget & Compliance Manager Perini, Administrative Analyst Kay, Community Relations Representative Ornelas, Sr. Accountant Galvin, Administrative Assistant III Perez
Public Present: Dave Johnson, David Grodin
The meeting was called to order at 8:15 a.m.
1. Discussion Regarding Impacts of Eliminating the Redevelopment Agency and Plans for Maintaining Limited City Business Development and Housing Services
Mayor Cassidy began by thanking Community Development and Finance for providing as much information as possible prior to the meeting. Mayor Cassidy stated that at this meeting, there will be feedback to the presentation but there will be no recommendations or decisions.
Community Development Director Sims presented the Finance Committee with an overview of the impacts of the loss of the Redevelopment Agency. The overview includes: Financial Impact, the RDA programs, Project Management and Services, and Staffing and Administration.
Mr. Sims provided a chart of the Annual Revenue Allocation that illustrated the magnitude of the loss. The Agency’s Successor Agency will continue to have debt and through the County Auditor Controller, the Successor Agency will continue to receive tax increments for identified obligations, e.g. Bayfair $250k, SLUSD Gym $160k, and Bonds $4.2 million. Mayor Cassidy inquired about the Bayfair obligation and asked Mr. Sims when the obligation has been paid if the City will re...
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