pages: OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2013-07-09.pdf, 8
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OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee | 2013-07-09 | * Special Concurrent Meeting of the Meeting Minutes July 9, 2013 Oakland Redevelopment Successor Agency and Community & Economic Development Committee 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 und, (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 Council President Kernighan, seconded by Member Gibson McElhaney, that this matter be *Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on July 30, 2013 as a Non-Consent item. The motion carried by the following vote: Votes: Councilmember Excused: Member Schaaf Councilmember Aye: Vice Mayor Reid, Council President Kernighan and Member Gibson McElhaney The Committee directed staff to include a supplemental report addressing the following: 1) Actual amounts of one-time expenses and on-going expenses; 2) Breakdown of expenses re rehabilitation vs. new building, administrative costs, and on-going costs 2) Leverage. The Committee also directed staff to return in the fall and address the following: 1) Policy decisions; 2) Applying more pressure to state and county to fund affordable housing; 3) The number of units have been built and where; 3) How the units can be spread throughout Oakland more equally. View Report.pdf View Supplemental.pdf View Supplemental.pdf Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES) There were no Open Forum speakers. Adjournment There being no further business, and upon the motion duly made, the Oakland City Council Community & Economic Development Committee adjourned the meeting at 5:20 p.m. City of Oakland Page 8 Printed on 7/24/13 | 8 | OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2013-07-09.pdf |