pages: CityCouncil/2010-07-20.pdf, 18
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CityCouncil | 2010-07-20 | 18 | carried by unanimous voice vote - 5. Councilmember/Board Member/Commissioner Matarrese stated tonight's discussion has been good and spirited; the most important issue in the City is to maintain solvency; the next important issue is what to do with the future of one-third of the island that still belongs to the Navy; that he sees the same flaws in the MOEA as in the project Development Agreement (DA), Charter amendment, and General Plan Agreement change in Measure B; he would be willing to move forward if he thought an extension would provide some hope that issues could be resolved and there would be a downscaled project that would fit Alameda and be solvent; however, he does not see such a thing; that he does not have any faith the City will see anything come out of the ground or jobs forthcoming within a reasonable amount of time; concurred with Vice Mayor/Board Member/Commissioner deHaan regarding the project labor agreement always being a condition of the project and always being a future condition; SunCal took three years to get on board regarding the matter; the fit is not good; that he would like the City to go forward unencumbered; the ENA expires today because all mandatory milestone have not been met; the City has a chance to go forward and take a different direction that fits the times. Councilmember/Board Member/Commissioner Gilmore thanked everyone for the time, energy, effort, and passion regarding the issue; stated former Councilmember Arnerich stated that the decision is monumental for the City; ensuring that homework and due diligence is done is important; that she can satisfy herself as she gets ready to take the vote; many of the MOEA problems come down to financing; questioned when solid financial assurance would be provided and whether the assurance would be in writing; stated the City received a last, best, and final offer from SunCal last week which she presumes has financial terms that could have some bearing on the matter; that she has not seen the document, a staff report analyzing the document, or a staff recommendation regarding the document; financial assurances seem to have a hole on both sides. Mr. Brown responded this week, SunCal made another deposit to escrow; SunCal has never missed a payment; SunCal has spent a lot of time reviewing the DDA's terms and elements with City staff; the DDA provides a mechanism to ensure financial assurances are set forth prior to each stage of close of escrow so that the City would be assured that the money to acquire the property and develop the property would be available to fully develop each phase of the property; said assurances are not in the last, best, final offer. The Deputy City Manager - Development Services stated SunCal's last, best, and final offer was delivered on July 15, 2010 after 6:00 p.m.; the offer was on file in the City Special Joint Meeting Alameda City Council, Alameda Reuse and 6 Redevelopment Authority, and Community Improvement Commission July 20, 2010 | CityCouncil/2010-07-20.pdf |