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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil,2013-09-17,"*
Concurrent Meeting of the
Meeting Minutes
September 17, 2013
Oakland Redevelopment
Successor Agency and the City
Council
12
Subject:
Allocation Of Funds For The Affordable Housing Trust
From:
Councilmember Dan Kalb
Recommendation: Adopt An Ordinance (1) Amending Oakland Municipal Code Section
15.68.100 That Established The Affordable Housing Trust Fund To Set Aside An Amount
Equal To 25% Of Funds Distributed' To The City As A Taxing Entity Under The
Redevelopment Dissolution Laws Into The Affordable Housing Trust Fund, (2) Amending
Ordinance No. 12502 C.M.S. That Established A General Fund Reserve Policy To Exempt
These Distributions From The Requirement To Use One Time Revenues To Pay For One Time
Expenses Or Reduce Negative Fund Balances, And (3) Appropriating And Transferring Such
Distributions From The General Purpose Fund To The Affordable Housing Trust Fund
12-0665
A motion was made by President Pro Tempore Kaplan, seconded by
Councilmember Kalb, to Approved As Amended On Introduction and
Scheduled for Final Passage to the Meeting of the Oakland City Council, to
be heard at the October 1, 2013 meeting. The motion carried by the
following vote:
Votes: ORAICouncilmember Excused: 1 - Vice Mayor Reid
ORAICouncilmember Ayes: 7 - Councilmember Brooks, Councilmember
Gallo, Councilmember Gibson McElhaney, Councilmember Kalb, President Pro
Tempore Kaplan, Councilmember Schaaf and Council President Kernighan
The Council further amended the ordinance with the addition of the following:
""As to distribution from the RPTTF, from Fiscal Year 2015-16 through Fiscal
Year 2024-2025, this policy shall apply only to distributions to the City as a
taxing entity of RPTTF funds under subsection (a)(4) of California Health and
Safety Code Section 34183, which are residual amounts distributed to the City
after all other RPTTF allocations are made, and shall not apply to distributions
of RPTTF funds to the City under subsection (a)(1) of California Health and
Safety Code Section 34183, which are amounts distributed to the City that the
City would have received as passthrough payments if the Redevelopment
Agency had not been dissolved. Starting in Fiscal Year 2025-2026, this policy
shall apply to all distributions from the RPTTF to the City as a taxing entity
under California Health and Safety Code Section 34183. ""
There was one speaker on this item.
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