pages: CityCouncil/2015-10-20.pdf, 24
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2015-10-20 | 24 | (15-629) Recommendation to Proceed with a New Development Strategy for the Enterprise District (Formerly Site B) at Alameda Point. The Chief Operating Officer - Alameda Point gave a Power Point presentation. Mayor Spencer left the dais at 11:03 p.m. and returned at 11:05 p.m. Councilmember Daysog stated end users should pay their share of infrastructure costs; the overall infrastructure cost for Alameda Point is $566 million; Phase One which, at the time, included Site A and Site B, was estimated to cost $183 million predicated on land use and intensity of uses; now the City is not sure of the land use; inquired how the City is ensuring the end user will pay their fair share of infrastructure costs for Site B. The Chief Operating Officer - Alameda Point responded the infrastructure burden is approximately $1 million an acre; stated it is codified in ordinances that any development which occurs in the district would have to pay a development impact fee equivalent to $1 million per acre; the City hopes to get land value in addition; the benefit of being a public owner is that the value of the land can be lowered to the value of the infrastructure; policy decisions can be made on a case by case basis. Councilmember Daysog stated infrastructure costs are important because one of the selling features for Alameda Point is that there will be a sports complex and a regional water ferry; sacrifices on the land sale would be worth it because would have amenities; inquired how cherry picking can be avoided at Site B; people will pick the sites closest to the water. The Chief Operating Officer - Alameda Point stated the City is not marketing waterfront land; the City wants to benefit from land being developed; staff anticipates starting closer to Main Street; ultimately the Council decides whether or not a deal is good. Vice Mayor Matarrese stated that he likes the approach but would like a development agreement with a formalized description of the responsibilities of the City and the contractor Cushman and Wakefield; goals stated the costs should include: jobs, catalyst occupant and end user occupant; he would like 6 month reporting to measure progress against the goals; would like to see what lease revenues are available for installing the water main; having the costs codified is helpful, but he would still like it mentioned in the plan and formalized in a development agreement. The Chief Operating Officer - Alameda Point stated staff could include the costs in the documents. Vice Mayor Matarrese responded that he would like the Plan to be approved by Council, which allows Council to measure, adjust, terminate or expand it. Regular Meeting Alameda City Council 24 October 20, 2015 | CityCouncil/2015-10-20.pdf |