pages: CityCouncil/2015-11-03.pdf, 5
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2015-11-03 | 5 | 470 Vice Mayor Matarrese moved final passage of both ordinances [Building 9 and 91]; stated the buildings need great improvement; the option to purchase will be reviewed in great detail when the option is exercised. Councilmember Ezzy Ashcraft stated the City wants to make it clear to the business community that Alameda Point is open for business. Councilmember Ezzy Ashcraft seconded the motion. Under discussion, Councilmember Daysog stated that he is satisfied with the business terms Council entered into; the property will not be given away; Council and staff will do due diligence to get the land value of what tax payers expect; concurred with Mayor Spencer that information on sales price and how market value is determined should be included moving forward with other real estate transactions. In response to Councilmember Oddie's inquiry, the Chief Operations Operator - Alameda Point stated the developer agreed to invest $29 million into Building 9 and $9 million into Building 91 for renovations and improvements, with an additional $8.5 million to purchase both buildings. Councilmember Oddie inquired whether the developer's option to purchase has to come back to Council, to which the Chief Operations Operator - Alameda Point responded in the negative. Mayor Spencer stated details need to be included and shared with the public on how the purchase price was determined and justified; there is long term impact to the City; fiscal analysis moving forward should be open and not happen behind closed doors. The Interim Assistant City Manager stated the Chief Operations Officer - Alameda Point's analysis conducted all last year is available on the website; staff will provide clear information to Councilmembers and the public moving forward. Councilmember Ezzy Ashcraft stated real estate transactions should be done in closed session; Council abided by the law and gave authorization. Mayor Spencer stated any Council-negotiated deal should be able to be scrutinized by the public. The City Attorney stated any real estate deal with the developer has to come before Council; the terms of the deal have to be made public before Council can vote to approve it. On the call for the question, the motion carried by the following voice vote: Ayes: Councilmembers Daysog, Ezzy Ashcraft, Matarrese, and Oddie - 4. Noes: Mayor Spencer - 1. Regular Meeting Alameda City Council November 3, 2015 | CityCouncil/2015-11-03.pdf |