pages: CityCouncil/2020-03-03.pdf, 2
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CityCouncil | 2020-03-03 | 2 | 1. Project approvals While the Council's authority over land use cannot be contracted away, the settlement is structured so that the benefits of the settlement will only occur if the Council and Planning Board grant certain regulatory approvals; the approvals are: a. Tentative map, development plan, development agreement with 15 year term, and density bonus, Final Map authorizing a182 unit project with: 21 affordable units (13 very-low; 8 moderate); Generally consistent with the 2016 development plan previously approved by the City; Approximately two acre waterfront open space, to be maintained by a Homeowners Association (HOA) but open to public; no longer on lands owned by the Army Corps; and no longer requiring Bay fill. b. Rezoning two acres of open space as "R2-PD" (planned development). At each approval, both sides have the opportunity to agree to modifications or cancel the settlement. C. Other necessary approvals, including building permits. 2. Dismissal of lawsuits, and a release of all past claims The dismissal and full release only occur if: 1. City Council first grants the above approvals. 2. Boatworks submits a different project than what is agreed to here or subsequently; or 3. 15 year passes and nothing happens at the property. 3. Settlement Payment The City would pay a total of $1.8 million to Boatworks generally phased to coincide with the issuance of qualifying building permits for the project. Adjournment There being no further business, Mayor Ezzy Ashcraft adjourned the meeting at 6:57 p.m. Respectfully submitted, Lara Weisiger City Clerk The agenda for this meeting was posted in accordance with the Sunshine Ordinance. Special Meeting Alameda City Council March 3, 2020 | CityCouncil/2020-03-03.pdf |