pages: AlamedaReuseandRedevelopmentAuthority/2011-12-07.pdf, 1
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AlamedaReuseandRedevelopmentAuthority | 2011-12-07 | 1 | MINUTES OF THE REGULAR MEETING OF THE ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY WEDNESDAY, December 7, 2011 The meeting convened at 7:21 p.m. with Chair Gilmore presiding. 1. ROLL CALL Present: Board Members Bonta, deHaan, Johnson, Tam and Chair Gilmore - 5. Absent: None. 2. ORAL COMMUNICATIONS, NON-AGENDA (PUBLIC COMMENT) None. 3. CONSENT CALENDAR (*11-081) Approve the Minutes of the Special and Regular Meetings of November 2, 2011. Member Tam moved for approval of the Consent Calendar. Vice Chair Bonta seconded the motion, which carried by unanimous voice vote - 5. [Items so enacted or adopted are indicated by an asterisk preceding the paragraph number.] 4. REGULAR AGENDA ITEMS (11-082) Presentation on Status of Disposition and Development Strategy for Alameda Point. The Chief Operating Officer - Alameda Point gave a power point presentation summarizing the next steps for moving forward with the no cost reconveyance and development strategy for Alameda Point. Staff is providing the update to the Board before moving into the next phase of making recommendations. The summary focused on entitlement, transportation infrastructure, solicitation and transaction. Speakers: Carol Gottstein discussed maximizing the land value of Alameda Point, specifically Building 94, Chapel. Chair Gilmore stated accountability issues are a downside to Phased Development. The Chief Operating Officer - Alameda Point explained the key is to have really good design up front, and guiding documents that dictate how larger engineering and structure will work globally, so that the design is solid. There is concern about different developers doing backbone infrastructure for small pieces. Having a uniform developer for larger, 100- acre parcels, would narrow accountability issues with fewer people. Member Tam discussed concerns about funding of predevelopment costs, backbone infrastructure, and that the days of tax increment bond funding may not be available because of the elimination of redevelopment. The Chief Operating Officer - Alameda Point remains positive that redevelopment will continue, and tax increment bonds will definitely be part of the plan. Staff will have more information on potential funding sources to present to the Board at a future meeting. Member deHaan inquired where funding for predevelopment can be derived. The Chief Operating Officer - Alameda Point discussed the two sides to the equation - cost side and revenue side. Regular Meeting ARRA November 2, 2011 | AlamedaReuseandRedevelopmentAuthority/2011-12-07.pdf |