pages: CityCouncil/2022-03-15.pdf, 7
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CityCouncil | 2022-03-15 | 7 | Councilmember Herrera Spencer inquired the square footage of the condominiums, to which Sean Murphy, Alameda Marina, responded the average would be 700 to 1,100 square feet. Councilmember Herrera Spencer inquired whether the tax amount would be lower since the square footage is significantly lower and whether the CFD is based on square footage. Ms. Mares responded the tax rate would be calculated in the future. Councilmember Daysog stated that he does not support the matter because he thinks there ought to be more affordable housing; a density bonus was awarded for doing the required 15% affordable housing; bonuses are usually for going above and beyond. Councilmember Herrera Spencer inquired how many townhomes are in the development, to which Mr. Murphy responded there are 182 townhomes; stated the 25 affordable units are exempt from the CFD. Councilmember Herrera Spencer inquired whether the entire project is 760 units, to which Mr. Murphy responded in the affirmative. In response to Councilmember Herrera Spencer's inquiry regarding the type of units remaining, Mr. Murphy stated the remaining units are apartments and condominiums. Councilmember Herrera Spencer inquired if the apartments would pay the CFD. Mr. Murphy responded the infrastructure cost of the apartments is $12 million, which is outside of the CFD. Councilmember Herrera Spencer moved adoption of the resolution. Councilmember Knox White seconded the motion, which carried by carried by the following roll call vote: Councilmembers Daysog: No; Herrera Spencer: Aye; Knox White: Aye; Vella: Aye; and Mayor Ezzy Ashcraft: Aye. Ayes: 4. Noes: 1. (22-177) Resolution No. 15873, "Declaring Intention to Establish the City of Alameda Communities Facilities District (CFD) No. 22-2 (Alameda Marina - Shoreline Improvements Maintenance and Adaptive Measures), and to Authorize the Levy of Special Taxes Therein." Adopted; and (22-177A) Resolution No. 15874, "Declaring Intention to Incur Bonded Indebtedness of the Proposed City of Alameda Community Facilities District No. 22-2 (Alameda Marina - Shoreline Improvements Maintenance and Adaptive Measures). Adopted. The Assistant City Manager and Public Works Director gave a brief presentation. Councilmember Herrera Spencer inquired the timeline since CFD 22-2 commences after the CFD 22-1 bonds are repaid. The Public Works Director responded the CFD 22-1 bonds would be repaid after 30 years. Regular Meeting Alameda City Council March 15, 2022 5 | CityCouncil/2022-03-15.pdf |