pages: CityCouncil/2012-05-08.pdf, 6
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CityCouncil | 2012-05-08 | 6 | there is no longer a firewall between Alameda Point and the General Fund; core City services need to be preserved. Tim Kelly, Keyser Marston, responded [staff report] Exhibit 5 was done assuming a holistic approach of developing the entire Base; infrastructure costs are much higher than the current market can support; the converse is that the infrastructure has to be the size that can be supported by the private market or lease revenues. Councilmember Tam inquired whether the infrastructure amount includes schools, to which the Chief Operating Officer - Alameda Point responded parks, a sports complex and school fees are included. The City Manager noted the infrastructure costs are well above the norm for the Bay Area. Mr. Kelly stated the table indicates that doing the whole project at once is not feasible; pieces have to be carved out. Councilmember Tam stated the prior developer looked at a higher [housing] unit amount and a higher number for commercial space; inquired whether the fewer [housing] units and commercial space should have a lower infrastructure cost. The Chief Operating Officer - Alameda Point responded a lot of the costs are fixed. The City Manager stated the phased approach is being brought forward because the entire infrastructure bill cannot be paid at the outset; all of the infrastructure cannot be done under current market conditions. Councilmember Tam stated the sum of the parts need to add up to the whole at some point; without understanding future phases, the sum of the parts would not add up to the whole. The City Manager stated the project cannot be planned from the first day; any numbers can be assumed; staff does not know what the market will look like in ten to fifteen years; eliminating entitlement risk and controlling the Plan would allow projects to be approved when the economics work. In response to Councilmember Tam's inquiry regarding the project description, the Chief Operating Officer - Alameda Point stated the Base Reuse Plan with alternatives would serve as the project description. The City Manager stated the CEQA document would be the master document; more focused CEQA documents might be required for certain portions in response to market conditions in the future; digesting bases in one bite is not possible, but course headings need to be set; the proposed process does so without being tied to a particular developer or plan. Special Meeting Alameda City Council 6 May 8, 2012 | CityCouncil/2012-05-08.pdf |