pages: CityCouncil/2012-03-20.pdf, 10
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CityCouncil | 2012-03-20 | 10 | The Chief Operating Officer - Alameda Point responded that her first concern has always been how to get feasible development going, stated 1,425 homes is the number for the foreseeable future; the entitlement process would answer questions. The City Manager stated numbers would need to be updated with some type of intellectual integrity looking forward when products actually get to market. The Chief Operating Officer - Alameda Point stated the key to financial feasibility is phasing and knowing how much money is needed to seed the project. Mayor Gilmore inquired how a smaller subset could pencil out if the project as a whole does not pencil out. The Chief Operating Officer - Alameda Point responded the project is a 20-30 year project; stated getting something started is important; 1,425 houses would take five years to develop; entitlements might need to be changed in eight to ten years. Councilmember deHaan stated the intention has never been to tie up massive pieces of property; the Lawrence Berkeley National Laboratory (LBNL) process provided a great deal of information; moving quickly is important. Councilmember Tam stated that she does not disagree that a good strategy is needed to start quickly; the sum of the parts have to add up to the whole. Mayor Gilmore stated one of her biggest concerns is piecemealing infrastructure; infrastructure can be phased but needs to be planned as a whole to figure out how everything will connect; that she needs to understand what the costs are and whether or not the project would play out in the financial market; she wants to know high end and low end costs. The City Manager stated Mayor Gilmore is asking for what staff is proposing to do; staff would like to conduct the analysis with private sector help; entitlements would come to the Planning Board and Council and questions could be raised. Mayor Gilmore stated that she is hearing a lot of emphasis on entitlements and less emphasis on the analysis and numbers. Councilmember Tam stated the Public Works Director identified $200 million worth of infrastructure when working with the prior master developer; the Mayor is asking what the overall project would look like to get $200 million work of infrastructure. The Public Works Director stated teeth have been cut on the Bayport project; the first step is to develop a master infrastructure plan for backbone infrastructure; then, larger parcels would be broken down into smaller parcels; staff would hiring an outside consultant with lots of Base experience. Regular Meeting Alameda City Council 10 March 20, 2012 | CityCouncil/2012-03-20.pdf |