pages: CityCouncil/2013-11-05.pdf, 10
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2013-11-05 | 10 | Alameda Point. Mr. McManus responded Alameda Point is a blend of raw land and existing buildings; stated the existing buildings can begin to be leased immediately; although the approval process for leasing is different with the City, the leasing process is the same. Councilmember Tam stated there is more potential and more incentives for investments without the time constraints of the Lease in Furtherance of Conveyance (LIFOC); inquired if the type of tenants would change. Mr. McManus responded in the affirmative; stated Alameda Point has tremendous growth opportunity. Councilmember Tam stated leasing partnerships are typical; inquired whether C&W has experienced any divorces. Mr. McManus responded in the affirmative; stated divorces usually happen when there is a change in personnel, when the project is fully leased or the property sells; if a partnership fails for any other reason, it is most likely due to a communication failure. Councilmember Tam inquired if C&W experienced a failed partnership with PMRG, to which Mr. McManus responded in the negative. Councilmember Tam inquired how the City could be assured Alameda Point will be a priority over the Oakland Army Base. Mr. Tagami responded CCIG does not see a conflict between Alameda and Oakland; stated CCIG has a team of 148 professionals working on the Oakland Army Base project; CCIG will demonstrate the same sophisticated comprehensive responsibility in Alameda; the owners of the company would be in close proximity with various professional staff available. Councilmember Tam inquired the different types of tenants and development at Oakland Army Base versus Alameda Point. Mr. Tagami responded Oakland is a rail-served train logistics facility; stated Oakland is primarily heavy industrial, commodity, high velocity, fulfillment tenants; Alameda has a different direction. Vice Mayor Ezzy Ashcraft inquired if CCIG will be able to adhere to the conflict of interest laws outlined in the management services contract and not want to develop the historic corridor of Alameda Point. Mr. Tagami responded in the affirmative; stated CCIG brings a breadth of experience unique to the property and would respect the process and the limitations. Regular Meeting Alameda City Council 10 November 5, 2013 | CityCouncil/2013-11-05.pdf |