pages: CityCouncil/2008-06-03.pdf, 20
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CityCouncil | 2008-06-03 | 20 | Councilmember/Commissioner deHaan stated that he is concerned with the timeframe; inquired whether the Clif Bar parcel is pushed into Phase 2 now. The Base Reuse and Community Development Manager responded all of the office property would be in Phase 31 stated an early office parcel could be the first or second parcel developed. louncilmember/Commissioner deHaan inquired whether there is any likelihood of keeping the original deadlines, especially retail. The Base Reuse and Community Development Manager responded Palmtree Acquisition Corporation (PAC) requested that certain timeframes be extended for the performance milestones due to early expenditure of funds. louncilmember/Commissioner deHaan inquired how close the retail project would be to the original timeframes. The Base Reuse and Community Development Manager responded PAC'S immediate timeframe is a year and a half from now; stated PAC would need to commence with an alternative Phase 1; PAC has another five and a half years to commence on the retail. Councilmember/Commissioner deHaan inquired what would happen if the Stargell Avenue Extension Project is not constructed. The Base Reuse and Community Development Manager responded PAC would not have any time extensions; stated everything would go back to the original DDA timeframe. Councilmember/Commissioner Matarrese stated the most important aspect is obtaining the right-of-way i the stars have lined up and will not line up again; funds would be allocated to the project and would go towards covering upfront reimbursements for acquiring the right-of-way if the developer pulls out or the City terminates the Agreement. Councilmember/Commissioner Matarrese moved adoption of the resolutions. Councilmember/Commissioner deHaan seconded the motion with the caveat that the project has a rigid timeframe. Councilmember/Commissioner Gilmore requested more detail on the Special Joint Meeting Alameda City Council, Alameda Public 6 Financing Authority, and Community Improvement Commission Meeting June 3, 2008 | CityCouncil/2008-06-03.pdf |