pages: AlamedaReuseandRedevelopmentAuthority/2008-11-05.pdf, 1
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AlamedaReuseandRedevelopmentAuthority | 2008-11-05 | 1 | APPROVED MINUTES OF THE REGULAR MEETING OF THE ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY Wednesday, November 5, 2008 The meeting convened at 7:26 p.m. with Chair Johnson presiding. 2-A 1. ROLL CALL Present: Chair Beverly Johnson Boardmember Doug deHaan Boardmember Frank Matarrese Boardmember Marie Gilmore Vice Chair Lena Tam 2. CONSENT CALENDAR 2-A. Approve the minutes of the Special Meeting of September 10, 2008. 2-B. Approve the minutes of the Regular Meeting of October 1, 2008. 2-C. Approve a Permanent Waiver of License Fees for Alameda Unified School District Student Activities. 2-D. Authorize Negotiation and Execution of a Sublease Renewal for Building 43 & Associates, Inc. at Alameda Point. Member Gilmore motioned approval of the Consent Calendar, seconded by Member deHaan, and passed by the following voice votes: Ayes - 5, Noes - 0, Abstentions - O. 3. REGULAR AGENDA ITEMS 3-A. Alameda Point Update - Review and Comment on SunCal's Development Concept Debbie Potter, Base Reuse and Community Development Manager, summarized SunCal's submission of Development Concept pursuant to the ENA on September 19th. During October, SunCal presented its Development Concept to eight boards and commissions, and received feedback. Comments received were provided in the staff report and presented to give the ARRA an opportunity to follow-up on the comments from the boards and commissions, provide feedback, and to hear additional comments from the public. The draft Master Plan, a more detailed land plan, is due to on Dec.19, and will be presented to the ARRA Board at its January 7th regular meeting. As SunCal has indicated, the current land plan has residential densities beyond those permitted in Measure A, therefore, SunCal would need a vote of the people to implement its land plan. They have until April 30, 2009 to decide to pursue a ballot initiative. Business terms between SunCal and the CIC is due by June 2010. There is a Council resolution of Fiscal Neutrality mandated for base reuse, so a project proforma, an analyses of project cost and revenues to determine project feasibility, is being prepared. Alameda Point is within the APIP redevelopment area. When Alameda Point is conveyed, that new development will generate revenue and value, which will result in incremental increase in property taxes paid. The project must create the value to generate the tax increment that the CIC can then choose to invest in the project. There is no tax increment without project, therefore it is not possible to determine which tax increment funds, if | AlamedaReuseandRedevelopmentAuthority/2008-11-05.pdf |