pages: CityCouncil/2011-02-15.pdf, 19
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CityCouncil | 2011-02-15 | 19 | matter with Catellus; stated Catellus would be asking for DDA amendments; both Catellus and the City want recognition for past expenditures. Commissioner deHaan stated the City's sewer funds were loaned to the Stargell Project, which some thought should have been covered by Catellus. Commissioner Johnson inquired when conveyance would occur, to which Mr. Marshall responded Catellus is focused on committing to infrastructure, which would precede conveyance. Commissioner Johnson stated not moving forward aggressively would be easy for Catellus; the City does not want Catellus holding on to the land longer than necessary. The Deputy City Manager - Development Services stated Catellus would be taking down the land and selling 10 acres to Target. Commissioner Johnson stated having something more concrete on Target's plan to move forward in Alameda would be nice; Target is opening in other areas within close proximity; questioned when market saturation would be reached; stated decisions have been made based on Target coming to Alameda; an economic disincentive should be established, such as conveying the land by a set date, to prevent Catellus from simply holding on to the land; that she is reluctant to consider the Estoppel Agreement if Catellus is asking for DDA amendments; that she would prefer to see everything come at the same time. Chair Gilmore inquired what happens if Catellus does not meet the first mandatory milestone. Mr. Marshall responded the City would put Catellus on notice; stated one remedy would be for the City to start marketing the property; Catellus would have a first position lien to recover the money it advanced on the Stargell right-of-way. Chair Gilmore inquired whether Catellus asking for consent to the transfer would allow the City to impose any more stringent requirements to accelerate the timeline. The Acting City Attorney responded the Commission has absolute discretion over approval; stated the Commission deciding to deny the transfer would trigger a sequence of events, including a meet and confer process; Catellus has remedies available under the Contract; staff has recommended keeping DDA amendments separate from the transfer; the Commission could discuss including conditional approval items. Chair Gilmore questioned the point of withholding consent when Catellus has to meet the 2012 deadline. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, and 4 Community Improvement Commission February 15, 2001 | CityCouncil/2011-02-15.pdf |