pages: CityCouncil/2019-04-22.pdf, 4
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2019-04-22 | 4 | developer or a land developer also might submit a proposal; staff would bring proposals to Council. Councilmember Daysog inquired whether a land developer could have a concept to develop and sell to an unknown end user. The Base Reuse and Community Development Director responded such a scenario could occur; stated the process will be open to a wide market. Councilmember Daysog inquired whether a timeframe needs to be outlined for land developer ideas. Mr. McManus responded the preference is an end user; stated a model has been used, with the City giving a year or two of capital credit and the company escrows the money to do work, such as a roof; if a project does not work out, the City gets the building back with a new roof; in this case, the City will get around $30 million in proceeds; if the project does not go forward, the City would get the desired infrastructure; the development might be speculative, but it will create streets, trenches, sewer and have a project timeline or it will not be recommended. The Assistant City Attorney stated a developer not adhering to a timeline would be found in default to prevent the project from languishing. In response to Councilmember Daysog's inquiry, the Assistant City Attorney stated a developer could present a plan and have a certain amount of time to find and select users with City approval; staff would ensure details are spelled out. Councilmember Vella inquired where the City would be if a business expresses a desire to purchase a building and it does not go forward. The Assistant Community Development Director stated if a business fails, the City would have a turnkey building that has been improved. In response to Councilmember Vella's inquiry regarding the plume, the Assistant Community Development Director stated the Navy is responsible for cleanup; the City is responsible for putting infrastructure in clean parcels. The Base Reuse and Community Development Director stated under LIFOC, the City is obligated to take the land once it is clean and there is a finding of suitability for transfer; the City has the ability to lease the property prior to the transfer; the leases can include options to purchase; building leases have to go through an environmental process to ensure people can be in the buildings; Astra has equipment in its building but does not have people there because the environmental regulatory sign-off is still needed, which is why the lease has not gone to Council yet. Special Meeting Alameda City Council 4 April 22, 2019 | CityCouncil/2019-04-22.pdf |