pages: CityCouncil/2010-05-04.pdf, 19
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CityCouncil | 2010-05-04 | 19 | Councilmember/Board Member/Commissioner Matarrese stated assumptions are optimistic and overestimated. The Deputy City Manager - Economic Development stated staff has questions regarding whether or not there is enough contingency; the bus rapid transit was based on an rough per mile estimate in Oregon; SunCal would provide additional back up information for review; continued the presentation; read the following email response from SunCal regarding special election costs: "In response to the letter from Ann Marie Gallant dated April 20, 2010 regarding special election costs, SunCal agrees to include in the Development and Disposition Agreement (DDA) executed by the Community Improvement Commission (CIC) and SunCal a provision that SunCal will reimburse the City for the cost of the election and such payment will be treated as an approved predevelopment cost". Mayor/Chair Johnson inquired whether Development Agreement (DA) discussions have involved restructuring of concepts given the state of redevelopment funds. The Deputy City Manager - Economic Development responded SunCal has agreed to remove provisions in the DA that requires 100% commitment of the City's redevelopment fund; stated staff has requested SunCal to review what happens to the project pro forma when tax increment funds are eliminated; staff is having on-going public financing discussions. Councilmember/Board Member/Commissioner Tam inquired whether mitigation fees are charged on top of having the developer build schools, parks, and other public amenities. The Deputy City Manager - Economic Development responded school fees are State fees and are separate; stated the concept is that SunCal would pay all school impact fees; staff has performed a very detailed analysis of all improvements proposed by SunCal and has provided credits regarding the dwelling unit tax, which is a fee for park improvements; there are $13 million in Citywide development fee credits; fees are not being duplicated. In response to Councilmember/Board Member/Commissioner Tam's inquiry, the Deputy City Manager - Economic Development stated staff is concerned about which project the community and Council/ARRA/CIO would want; staff has received feedback from SunCal stating that there is a commitment to build the density bonus option; progress has been made. Vice Mayor/Board Member/Commissioner deHaan inquired whether SunCal has submitted a density bonus application, to which The Deputy City Manager - Economic Development responded in the negative. Vice Mayor/Board Member/Commissioner deHaan inquired whether a density bonus Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, and Community 2 Improvement Commission May 4, 2010 | CityCouncil/2010-05-04.pdf |