pages: SuccessorAgencyOversightBoard/2013-11-04.pdf, 3
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SuccessorAgencyOversightBoard | 2013-11-04 | 3 | Successor Agency Oversight Board Meeting Minutes November 4, 2013 4-A 2013-297 Resolution Approving a Long Range Property Management Plan Attachments: Long Range Property Management Plan Memo Long Range Property Management Plan Resolution - Long Range Property Management Plan Mr. Doezema presented the highlights of the Long Range Property Management Plan (LRPMP). The LRPMP addresses the Alameda Landing project, which is encumbered by a Disposition and Development Agreement with Catellus (item no. 19 on the ROPS). The Target parcel has already been conveyed. The 11 remaining parcels covered by the DDA will be retained by the Successor Agency until they are conveyed to Catellus. Catellus is responsible for the infrastructure and demolition on the site. These costs will be credited against the sale price. The land value will be established at the time of the sale. The taxing entities will benefit when the property becomes privately owned. The LRPMP also addresses the remnant or "bottle" parcel located just west of the College of Alameda. The parcel is proposed to be sold. Possible uses could include expanded athletic uses by the College of Alameda or additional parking for the Breakers apartments. Proceeds from the sale would be distributed to the taxing entities. Vice Chair Biggs inquired about the status of the parking garage. Member Potter responded that it was not included in the LRPMP and the State could reject the Plan for that reason. The State Controller's Office has not yet issued its final report. The Oversight Board's resolution in support of the transfer of the theater and parking garage assets to the City is being held by DOF for a 100-day review. A motion was made by Elsa Ortiz, seconded by Mike McMahon, that this resolution by adopted. The motion carried by an unanimous vote. 5 PUBLIC COMMENT (non-agenda items) None The Secretary announced that there were no public speakers. 6 WRITTEN COMMUNICATIONS None The Secretary announced that there were no written communications. City of Alameda Page 2 | SuccessorAgencyOversightBoard/2013-11-04.pdf |