pages: CityCouncil/2007-07-03.pdf, 8
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CityCouncil | 2007-07-03 | 8 | Vice Mayor Tam inquired whether revenues could be used for property improvements to meet the rent expectations. The Development Services Director responded that she does not expect that any of the revenues would go back to the private development of the site; stated revenues would be used to expand access to Tidelands areas; other properties could be bought or improvements could be made to other Tidelands properties for public benefit around the waterfront. Mayor Johnson stated that the revenue could be used to improve the Bay Trail. Councilmember Matarrese inquired whether the revenue could be available for economic development and maritime job generation. The Assistant City Manager responded revenues could be used for any Tideland use, including ship building, navigation, fishing, and other commercial activity. Councilmember Matarrese inquired whether revenues could be used for bulkhead improvements, to which the Assistant City Manager responded in the affirmative. Councilmember deHaan inquired what the property would look like at the end of the lease. The Development Services Director responded the lease has safeguards requiring regular maintenance; the lease has a provision requiring that there must be a cure to any obsolescence ten years prior to the end of the lease; inquired whether an account is required to be set aside. Mr. Wetmore responded in the negative; stated the lease hold would have an engineering evaluation at mid-lease; the City would choose the engineer and do an inspection; the lessee is required to cure any physical obsolescence to ensure that the slips are what they should be for the remainder of the lease. Councilmember deHaan inquired what is the slips life expectancy, to which Mr. Wetmore responded over forty years. Mayor Johnson inquired whether improvements would go through the design review process. The Development Services Director responded the lessee would be required to go through the City's permitting process. Regular Meeting 8 Alameda City Council July 3, 2007 | CityCouncil/2007-07-03.pdf |