pages: CityCouncil/2010-02-16.pdf, 3
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CityCouncil | 2010-02-16 | 3 | Mayor Johnson inquired whether the current owner of the Lease is selling the Lease. The Economic Development Director responded the current owner is assigning the Lease; stated the City can only review whether a company is qualified and capable. Mayor Johnson stated fifty-year leases have been very bad for the City; assignment cannot reasonably be withheld. Councilmember Matarrese stated Council is reviewing tideland leases; receiving investments on properties and ensuring that assets are maintained for the life of the Lease is important and is how income is generated, which is another goal; the twenty- five year Lease has seven years of leverage. Councilmember Tam stated the only criteria the City can use to determine the assignment of the Lease and Estoppel Certificate is to determine whether CNL is a qualified, capable corporation; part of the determination involves viewing the history, financials, and holdings but does not involve the [Company's] potential to make improvements or address maintenance. The Economic Development Director stated determinations about said activities have been wrapped into the qualified and capable assessment; CNL has demonstrated it has significant investments to upgrade facilities; Emeryville is a good example; CNL has the financial capability and history of rejuvenating and revitalizing resorts, waterfront properties, marinas, and hotels in other locations; Almar Properties is a qualified, capable property manager. Vice Mayor deHaan stated CNL could sell the Lease to someone else, which is of concern but is probably not the intent. The Economic Development Director stated after 2007 Lease renegotiations, the current lessee put commercial property up for sale and would have used the money to start reconstruction at the Marina; then, the economy took a dive. Vice Mayor deHaan moved approval of the staff recommendation. Councilmember Tam seconded the motion, which carried by unanimous voice vote - 5. (*10-066) Recommendation to Award a First Amendment to the Contract in the Amount of $50,000, Including Contingencies, to Bellecci & Associates, for Engineering Construction Support for the Webster Street/Wilver Willie Stargell Avenue Intersection Project, No. P.W. 10-08-26. Accepted. (*10-067) Resolution No.14421, "Authorizing Open Market Negotiations of a Contract Pursuant to Section 3-15 of the Alameda City Charter For the Alameda Harbor Bay Barge Replacement Project, No. P.W. 06-09-19, and Authorize the Interim City Regular Meeting Alameda City Council 3 February 16, 2010 | CityCouncil/2010-02-16.pdf |