pages: CityCouncil/2007-01-02.pdf, 18
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CityCouncil | 2007-01-02 | 18 | (07-013B) Final Passage of Ordinance Approving Development Agreement DA-06-0003 By and Between the City of Alameda and Palmtree Acquisition Corporation (Successor by Merger to Catellus Development Corporation) Governing the Development of Up To 400,000 Square Feet of Office Space; a 20,000 Square Foot Health Club; and 300,000 Square Feet of Retail Space or 50,000 Square Feet of Retail Space and 370,000 Square Feet of Research and Development Space. Continued to January 16, 2007; and (07-013C) Ordinance No. 2959, "Approving Development Agreement DA- 06-004 By and Between the City of Alameda and the Palmtree Acquisition Corporation Governing the Development of Up To 300 Housing Units. Finally passed. Councilmember Gilmore stated she has questions regarding the TDM Program and the funding limits in the DDA; inquired whether the TDM Program cap would not be reviewed again. The Base Reuse and Community Development Manager responded the TDM Program funding is in the commercial Development Agreement (DA) , Section 3.12 on page 20; stated the project build-out cap is $425,000 per year with an annual Consumer Price Index (CPI) escalator; an amendment to the DDA allowed the cap to be increased in the event Tinker Avenue was declared infeasible; Tinker Avenue alternatives could be explored for up to three years and the cap could be adjusted to take into account the time to bring the alternative on line; money would be pledged to augment the TDM Program in the event the alternative was declared infeasible. Councilmember Gilmore inquired whether mechanisms are not in place for changing the cap other than the annual CIP if Tinker Avenue extension is completed, to which the Base Reuse and Community Development Manager responded in the affirmative. Councilmember Matarrese stated the water shuttle and other activities, including managing the program, comes out of the TDM Program; concerns were raised that there is no mechanism for getting more money if there is unanticipated success and the criteria established in the program were not met. The Base Reuse and Community Development Manager stated discussion and direction addressed expanding the Master Plan conditions of approval by adding some goals for the TDM Program; the goals have been added; there was not a commensurate discussion of criteria to evaluate success in meeting the goals and what might be done in the event the goals are not achieved pursuant to the TDM Program and whether or not lack of achievement of the goals was a function of the funding being capped at the $425,000; the discussion can be Regular Meeting Alameda City Council 18 January 2, 2007 | CityCouncil/2007-01-02.pdf |