OFFICE OF THE CITY AUDITOR
Roland E. Smith, CPA
City Auditor

October 21, 2003

TO: President De La Fuente and Members of the City Council

SUBJECT:
(1) AN AGENCY RESOLUTION AUTHORIZING THE PURCHASE FROM THE CITY OF OAKLAND FOR $419,407, OF A PORTION OF THE FORMER RAILROAD SPUR (A PORTION OF APN 041-3902-013) LOCATED BETWEEN HASSLER WAY AND DAMON SLOUGH WHICH WAS USED FOR VARIOUS REDEVELOPMENT PROJECTS KNOWN AS THE LEXUS AND INFINITI AUTOMOBILE DEALERSHIPS; AND

(2) A CITY ORDINANCE AUTHORIZING THE SALE FROM THE CITY OF OAKLAND TO THE REDEVELOPMENT AGENCY OF THE CITY OF OAKLAND FOR $419,407, OF A PORTION OF THE FORMER RAILROAD SPUR (A PORTION OF APN 041-3902-013) LOCATED BETWEEN HASSLER WAY AND DAMON SLOUGH WHICH WAS USED FOR VARIOUS REDEVELOPMENT PROJECTS KNOWN AS THE LEXUS AND INFINITI AUTOMOBILE DEALERSHIPS

SUMMARY

The Measure H Charter Amendment, which was passed by the voters at the general election of November 5, 1996, requires the City Auditor to prepare impartial financial analyses of major expenditures prior to their approval.

Since our Office lost one of its six positions through Council mandate, and we received eleven Proposed Resolutions that were due to the City Manager by October 2, 2003, we did not have enough staff to make an analysis of this Proposed Resolution by the due date.

Accordingly, and based on a preliminary risk assessment, we have drawn no conclusions and make no recommendations regarding it.

Submitted by:

Jack McGinity, CPA

Issued by:

Roland E. Smith, CPA

Report completion date:
October 2, 2003