pages: CityCouncil/2010-12-07.pdf, 15
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CityCouncil | 2010-12-07 | 15 | The Economic Development Director stated goals could include maximizing all assets and leasing to encourage project development which would not be as specific but would provide guidance in the Plan; the Plan is for the Alameda Point redevelopment project area, not for ARRA; setting and overlapping goals for ARRA and Alameda Point could be done in a broader way. Chair Johnson stated one policy could be for Alameda Point; the Commission needs to be specific in stating that certain assets are appropriate for long-term lease and others might need a different policy. The Deputy City Manager - Development Services stated staff would come back next year with a parallel process for long-term leasing strategies for Alameda Point; the analytical process has already started. Commissioner deHaan stated including maximized leasing, as a goal would not hurt. The Deputy City Manager - Development Services stated language could be added regarding maximizing lease revenue in accordance with the Asset Management Policy. The Economic Development Manager stated a goal could be to maximize revenues and assets to assist in development. Commissioner Gilmore stated that she is okay with something broader. Commissioner Matarrese stated that he would like to maximize value, not revenue. Commissioner Tam stated that she likes the concept of broadening the concept of maximizing lease revenues and value; deferred maintenance has a pent up need, especially for the water, sewer, and gas systems; inquired whether a concept could be incorporated regarding being more disciplined in addressing maintenance issues. The Economic Development Manager responded said issue belongs in the ARRA budget. Commissioner Tam stated maximizing revenues; lease revenues in particular, would result in competition in other markets. Commissioner Matarrese stated he chose the term "value" because tax increment comes from the value assessed on improvements made, not rent revenue. Commissioner Matarrese moved adoption of the resolution with the change. Commissioner deHaan seconded the motion, which carried by unanimous voice vote - Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, and 2 Community Improvement Commission December 7, 2010 | CityCouncil/2010-12-07.pdf |