pages: CityCouncil/2019-05-07.pdf, 20
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CityCouncil | 2019-05-07 | 20 | Councilmember Daysog inquired whether said details could be part of the current lease agreement; discussed limiting corporate liability. The Interim City Attorney responded a lease provision will typically allow a lessee to be assigned to another corporate entity; the City will need to provide approval if the lessee intends to assign interest to a separate entity; an internal restructuring is typically allowed. Councilmember Daysog expressed concern about the possible worst case scenario. The Interim City Attorney stated staff will ensure there are adequate securities. Councilmember Oddie inquired whether environmental review is required in the event everything needs to be removed; questioned whether removal requires environmental review. The Assistant City Attorney responded the restoration and surrender provision in the lease obligates the tenant to remove alterations at the end of the lease term; stated it is not something that the lessee can performed on their own; there would have to be consultation and coordination with the City as to how the site is restored; removal may not be the best option; capping the pipe might be better; the determination needs to be made at the time. *** (19-280) Mayor Ezzy Ashcraft stated a motion is needed to consider the four remaining items: the CDBG hearing [paragraph no. 19-281]; the Park Street and Webster Street BIAs [paragraph nos. 19-282 and 19-283]; and the City Attorney contract [paragraph no. 19-284]. Councilmember Oddie moved approval of hearing the remaining items. Vice Mayor Knox White seconded the motion, which carried by unanimous voice vote - 5. *** In response to Councilmember Vella's inquiry about what the City is receiving, the Assistant Community Development Director stated Council directed staff to negotiate the DIF payment; the calculation is based on the life of the building, which is assumed at 66 years; the City is getting money for infrastructure that would not ordinarily be received; with a ten-year lease, only lease revenue would be received; as a long-term lease, an investment in infrastructure is being made for Alameda Point. In response to Councilmember Vella's inquiry related to invested capital and building life, the Assistant Community Development Director stated more than $100,000 would Regular Meeting Alameda City Council May 7, 2019 19 | CityCouncil/2019-05-07.pdf |