pages: CityCouncil/2009-12-02.pdf, 4
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CityCouncil | 2009-12-02 | 4 | Chair Johnson stated the fire ended up costing a lot of money. The Economic Development Director stated costs escalated when the material burned because hazardous material mixed with non-hazardous material. Commissioner deHaan inquired whether the costs of fighting the fire and monitoring the site are included in the $2.2 million, to which the Economic Development responded the cost is the contract cost and does not include Fire Department costs. Commissioner deHaan questioned whether including the costs of fighting the fire would be appropriate; stated that he believes so because Catellus was tasked with demolishing the building and neglect caused it to end up being burned various loans have been provided; inquired whether all loans have payback agreements. The Economic Development Director responded in the affirmative; stated there are promissory notes. Commissioner deHaan inquired about the duration of loans and whether loans have interest, to which the Economic Development Director responded the sewer loan has interest; stated that she does not believe the loan from the ARRA to the CIC has interest but the loan is to be paid back from the first developer proceeds. Commissioner deHaan stated the ledger has two sides; Catellus putting up $8 million is commendable; the other side of the ledger has $5. 2 million; the delta is closing the last update in March indicated there has been no activity for six months; nine months later there has been no activity, except City activity; inquired what oversight the City has to hold the developer's feet to the fire. Chair Johnson stated the question goes back to what the developer is supposed to be doing now. The Economic Development Director responded the developer is supposed to be facilitating a first phase prior to the outside deadline of 2012. Chair Johnson inquired whether specific things are required. Commissioner deHaan inquired whether there is not a take down requirement. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority and 4 Community Improvement Commission December 2, 2009 | CityCouncil/2009-12-02.pdf |