pages: CityCouncil/2008-06-03.pdf, 19
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CityCouncil | 2008-06-03 | 19 | Councilmember/Commissioner Gilmore inquired when Catellus would acquire the UP right-of-way; further inquired where Catellus is in terms of deciding whether or not to proceed. Mr. Barry responded Catellus negotiated a term sheet with UP; stated Catellus is in negotiations on a draft purchase and sale agreement he hopes to conclude negotiations this month; a formal due diligence effort needs to be done and should be concluded within sixty days; Catellus is running a parallel path of negotiations with the retailers. Vice Mayor/Commissioner Tam acknowledged the help of former Mayor Bill Withrow and General Counsel of the Peralta Community College District provided in negotiating the four-way agreement; stated that significant expenditures were made, such as the removal of the Faithful; funds were expended to fix some major water leaks; the City helped redesign the waterfront when it was determined that it was not financially feasible to seismically retrofit the area because of pier decay; stated State Transportation Improvement Program (STIP) funds must be requested by February 2009 in order to go before the California Transportation Commission (CTC) ; inquired what is the level of competition and availability for said funding. The Base Reuse and Community Development Manager responded assurances have been given that STIP allocations would not be impacted by the State budget. The City Engineer stated a lot of the projects are large prioritization is based upon how many people are impacted by the project, how much safety will be enhanced, and where the projects are in the planning process. Mayor/Chair Johnson stated the question is whether the money is in jeopardy money will be in serious jeopardy if the City does not move forward with the project. The Base Reuse and Community Development Manager stated larger projects will start to come on line as the Fiscal Year progresses opportunities are maximized by getting in before the other projects. Councilmember/Commissioner Gilmore inquired whether the City would get the money if an application is submitted, to which the Base Reuse and Community Development Manager responded in the affirmative; the City could be in jeopardy if it waits until February 2009. Special Joint Meeting Alameda City Council, Alameda Public 5 Financing Authority, and Community Improvement Commission Meeting June 3, 2008 | CityCouncil/2008-06-03.pdf |