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November 23, 2010 > Fremont City Council

Fremont City Council

Tuesday, November 16, 2010

Quarterly budget update
Funding gap remains serious. City Manager Fred Diaz concluded the presentation saying "We are not out of the woods." One-time strategies have been used and the gap remains with zero balances projected for FY 10/11 of the General Fund (i.e. checking account) and Budget Uncertainty Reserves. Core Reserves will be left at $18.3M, approximately half of FY 2007/08 balance. Negotiations with employee bargaining units continue to determine strategies to meet the shortfall including pay cuts, furloughs and additional department spending reductions. Property and Sales Tax revenues are uncertain but will not replace shortfalls in the near future. The impact of NUMMI closure is unknown at this time. CalPERS rates for retirement contributions are increasing significantly due to investment performance and retiree longevity. According to Diaz, "Everything is on the table." Mid-year Budget review is scheduled for February 15, 2011.

South Fremont/Warm Springs area studies
An "expert panel" was consulted to gain input of possibilities for the study area. Suggestions indicated that Fremont is pursuing the proper investigation of this resource and retention of industrial zoning is important. Determining the proper mix of residential, retail, commercial, R&D and industrial development will be critical to promotion of Fremont as a major player in the Bay Area. The construction of BART and development of TESLA will be important factors when determining how to create a "21st Century work place." Any plans must be prepared to "pivot" with timely changes to accommodate area requirements leading to Fremont as a "model for the renaissance of American 'producer' cities."

Councilmembers were presented with several models of a mix between residential, commercial and industrial development. Most favored an approach that used approximately 38% of land area for Green Tech/Manufacturing, 32% for R&D/Office, 5% Community Serving Retail and 25% Residential/Mixed Use Transit-Oriented Development (TOD).

Continuation of these studies will include a Community Workshop, Monday, December 6 at Warm Springs Community Center and a presentation to Council on Land Use Tuesday, December 14.

Mayor Bob Wasserman Present
Vice Mayor Bob Wieckowski Present
Anu Natarajan Present
Bill Harrison Present
Suzanne Lee Chan Present

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