pages: CityCouncil/2008-06-04.pdf, 1
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CityCouncil | 2008-06-04 | 1 | MINUTES OF THE SPECIAL JOINT CITY COUNCIL, ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY (ARRA) AND COMMUNITY IMPROVEMENT COMMISSION (CIC) MEETING TUESDAY- - -JUNE 4, 2008 - -7:01 P.M. Mayor/Chair Johnson convened the Special Joint Meeting at 7:22 p.m. ROLL CALL - Present Councilmembers / Board Members / Commissioners deHaan, Gilmore, Matarrese, Tam and Mayor/Chair Johnson - 5. Absent : None. AGENDA ITEM (08-252 CC/ARRA/08-035 CIC) Authorize the City Manager/Executive Director to execute a Transfer of the Exclusive Negotiation Agreement with SSC Alameda Point LLC to a new entity with D.E. Shaw or a transfer of an ownership interest in the Master Developer entity, SCC Alameda Point LLC to D.E. Shaw, pursuant to specific terms and Conditions. The Assistant City Manager stated SunCal requested that the matter be held over for two week in order to allow representatives from D.E. Shaw to be present to answer questions. Councilmember/Board Member/Commissioner Gilmore thanked the consultant for coming through and hitting important points that the City needs to have to protect itself; that she has a problem with eventually approving a document or agreement that she has not seen or read; Councilmembers were elected to make decisions on behalf of the citizens; if she approves the recommendation and things later go south, the citizens are not going to want to hear that she relied on a consultant when she made the decision; essentially, the consultant is framing the discussion about the issues; louncilmembers/Boaro Members/Commissioners might have additional items that the consultant has not flagged or that should be discussed in public; it is really important for louncilmembers/Board Members/Commissioners to be able to see and discuss the Agreement; if SunCal feels strongly about the confidentiality the Agreement could be disclosed in Closed Session; that she would be open to signing a confidentiality agreement; it is really important that the Council/Board/Commission sees underlying documents that she does not want to see SunCal and D.E. Shaw in two weeks if the Operating Agreement is not complete; suggested that the matter not return until the Operating Agreement is executed, the Council/Board/Commission has copies of the term sheet and Operating Agreement and the Council/Board/Commission has Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, 1 and Community Improvement Commission June 4, 2008 | CityCouncil/2008-06-04.pdf |