pages: CityCouncil/2008-10-07.pdf, 28
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2008-10-07 | 28 | Chair Johnson asked for a fundamental explanation of the ENA and DDA, for the benefit of the public. Ms. Potter explained that the Exclusive Negotiation Agreement (ENA) is a predevelopment period with SunCal, with a term that runs through July 20, 2010. During this period, the City works in partnership with SunCal to get to the Disposition and Development Agreement (DDA) stage. The DDA is a critical document negotiated during the ENA period and is an acquisition agreement - what you're paying for the land, what you'll be developing on the property, etc. If we don't have a negotiated DDA by July 20, 2010, then we go our separate ways. Member Gilmore asked for an explanation of the Navy still owning the property, and the clause regarding Navy negotiations. Ms. Potter stated that it is true that one of the riskiest issues about the Alameda Point property is that any developer we work with is not negotiating with the Property owner, which is the Navy. One of the key milestones being converted to a mandatory milestone under the 2nd amendment is the conveyance term sheet, our agreement with the Navy on the land purchase price, how the property will be conveyed to the ARRA, and ultimately to the developer. This term sheet is due July 31, 2009. If we don't come to an agreement with the Navy, SunCal is in default under the agreement of the ENA and we move to plan B. Chair Johnson asked whether the July 31, 2009 deadline is that a realistic time frame for the Navy. David Brandt, Deputy Executive Director, stated that the date was what the Navy indicated they're willing to entertain in terms of negotiating with us on a deal with SunCal, and that they're not moving further past July 2009. Chair Johnson asked if we are expecting any changes in the Navy' approach on the project after election. She hopes for a new outlook on base reuse from Federal Government and recommended we have flexibility in that milestone. Mr. Brandt explained that certainly, if we're making great progress, and if the Navy wants to extend beyond July 09, we' 11 come back and see if all parties want to go beyond but doesn't want to be caught in the position where there are no changes after the election, and we're unable to move forward. The Navy would not officially negotiate directly with developer, but will negotiate with ARRA. Member Gilmore asked staff to inform the public of the upcoming community meetings where SunCal will present their Development Concept to eight boards and commissions. Ms. Potter summarized the meeting schedule and discussed that public comments from each of these meetings will be compiled into one document and presented to the ARRA Board at its Nov. 5th regular meeting. ARRA will also Special Joint Meeting Alameda City Council, Alameda Reuse and 9 Redevelopment Authority, and Community Improvement Commission Meeting October 7, 2008 | CityCouncil/2008-10-07.pdf |