Alameda City Council has a full plate for its closed session tonight. City Council and the City’s Public Utilities Board will conference with legal counsel over outstanding lawsuits that date prior to the sale of Alameda Power & Telcom’s cable division to Comcast, and City Council will conference with the Interim City Manager on [...]
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An analysis of reader traffic for the year shows that – excluding visits from residential internet users – City of Alameda employees are the top readers of Action Alameda News for 2009. [...] At its regular meeting on July 20th, the City of Alameda’s Public Utilities Board elected officers for the 2010 Fiscal Year. Mr. Gregory Hamm, Ph.D. was elected President, and Ms. Ann L. McCormick, P.E. was elected as the Board’s Vice President. [...] The City of Alameda Comprehensive Annual Financial Review (CAFR) document is not online yet, but a copy was available for review at last night’s City Council meeting. Here are two quick items of interest from the report. [...] On the Saturday, January 24th six o’clock news, Berkeley’s KPFA radio covered the Alameda Public Affairs Forum event on the budget crisis in Alameda. KPFA interviewed David Howard, Spokesperson for Save Our City! Alameda, and a presenter at the event. [...] Since 1998, even before Alameda’s Bureau of Electricity received approval from voters to enter the telecom business, Alameda resident Len Grzanka spoke out against the idea, and raised alarms throughout the years as the telecom division’s losses mounted. The telecom division was sold in November of 2008 for an estimated loss of $60 million, and [...] Will that be one lump or two? One lump means cutting our losses now on AP&Ts telecom division, and selling it off for whatever we can get for it. Two lumps means dragging the process out forever, and searching for excuses to keep the telecom division on life support, delaying the inevitable. Were already two [...] Alameda Power & Telecom has announced its intention to find a buyer for its foundering telecom division. The utility has some $80 million of debt, including a $43 million transfer from the electric division to the telecom division. But who would buy the telecom division and take on all of that debt? Comcast is two [...] |
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