pages: CityCouncil/2015-05-19.pdf, 19
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CityCouncil | 2015-05-19 | 19 | Vice Mayor Matarrese inquired whether the estimates used to set the special tax anticipate the same rate, which drives General Fund projections. The Chief Operating Officer - Alameda Point responded the tax is anticipated to escalate at the Consumer Price Index (CPI) every year; the municipal service tax will escalate over time with the CPI; the inflation factor would be CPI as opposed to a municipal expenditure rate. Councilmember Oddie inquired whether the estimated impact on the General Fund could be broken out by fiscal year as opposed to by phase, to which the Chief Operating Officer - Alameda Point responded in the affirmative; stated assumptions can be made by year; impacts were done by phase to avoid false precision. In response to Councilmember Ezzy Ashcraft's inquiry, the Chief Operating Officer - Alameda Point stated the tax burden is higher for residents than commercial because commercial uses tend to be more sensitive to special taxes; residential users can be burdened more without seeing an impact to value. Joe Ernst, Alameda Point Partners (APP), gave a brief presentation. Linda Mandolini, Eden Housing, made brief comments on affordable housing. Vice Mayor Matarrese inquired when the return to 415 units at North Housing will be codified and established, to which the Chief Operating Officer - Alameda Point responded the item will come to Council on June 16th. Vice Mayor Matarrese stated affordable housing is separate and not included in the proforma numbers; he would like the risk to obtain financing be on the Developer and not the City; he would like inclusion of jobs in Phase 1 with milestones; building a ferry terminal with a low budget of $10 million is also a risk as there is no commitment from WETA for ferries; the project should consider a reality based TDM; bonafide numbers are necessary to project mitigation once units are populated; a Project Labor Agreement (PLA) is important to keep jobs local. In response to Councilmember Ezzy Ashcraft inquiry, the Chief Operating Officer - Alameda Point stated the Alameda Point Environmental Impact Report (EIR) showed significant transportation impacts and regional growth with or without the Alameda Point development; saying only one car through the Tubes would be generated by Alameda Point development is incorrect; the tubes are reaching capacity now; adding more cars on the West End diverts cars to other parts of the Island. Councilmember Ezzy Ashcraft stated Alameda does need to look at another model; there are good opportunities with Site A which encourage people to work and live in the same area. Regular Meeting Alameda City Council 18 May 19, 2015 | CityCouncil/2015-05-19.pdf |