pages: CityCouncil/2010-07-06.pdf, 4
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CityCouncil | 2010-07-06 | 4 | project not subsidized with 25% affordable housing; Warmington Homes received financing based upon ordinance approval; financing is based on six units instead of ten; six low-cost affordable housing units would be provided to the City in very difficult times; two parks would be built in addition to other public improvements. Councilmember Gilmore inquired whether Warmington Homes received financing after Council changed the ordinance; further inquired whether financing was pursued based on what turned out to be the mistaken impression that Warmington Homes would be entitled to the reduction. Mr. McClellan responded in the affirmative; stated the project has lasted for six years; referenced financing relates to build out. Councilmember Tam stated page 6 of the June 16, 2010 minutes notes that Mr. Leaman, Warmington Residential, stated Warmington Homes' financial status would be significantly impacted if Council does not grant the reduction and that Warmington Homes does not have out of pocket cash for the project; page 3 of the staff report states that "further, Warmington Residential and the Community Improvement Commission are negotiating an Exclusive Negotiation Agreement (ENA) for the disposition and redevelopment of the City's Corporation Yard and Animal Shelter as new housing, which will also include new inclusionary units"; requested that the City Attorney clarify when Council would need to authorize negotiations for an ENA with Warmington Homes for sale of property. The City Attorney stated Council would need to authorize entering into an ENA. Councilmember Tam inquired whether Council would not need to authorize negotiations; stated the staff report notes that the City is already negotiating an agreement; that she does not recall authorizing negotiations. The City Attorney responded the matter couldn't be discussed [in open session]; stated closed session items are not discussed in open session. The Interim City Manager stated the developer approached staff after Council's decision regarding the reduction [10 15%] and 2008 black October and indicated that Warmington Homes could go forward and immediately start construction if four units could be taken out; picking up the four units and jump starting the economy would not be difficult given the state of the market, the fact that construction jobs and activity is needed, and the City's focus on new projects coming down the pike with respect to inclusionary, low, and affordable housing; Council would have to approve an ENA and then have Warmington Homes consider looking at expanding the project and possibly purchasing public property on the Marina [Corporation Yard/Animal Shelter] site; one question raised at the June 15, 2010 meeting was whether the process would be defeated if four units were taken out; the City would discuss other projects in the next thirty days that would mitigate the four units and provide a larger vision for affordable units in the City. Regular Meeting Alameda City Council 4 July 6, 2010 | CityCouncil/2010-07-06.pdf |