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AlamedaReuseandRedevelopmentAuthority/2008-03-05.pdf,1 | AlamedaReuseandRedevelopmentAuthority | 2008-03-05 | 1 | MINUTES OF THE SPECIAL MEETING of the ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY Wednesday, March 5, 2008- 6:00 p.m. Mayor Johnson convened the Special Meeting at 6:14 p.m. ROLL CALL - Present: Boardmembers deHaan, Matarrese, Gilmore, Tam and Chair Johnson - 5. The Special Meeting was adjourned to Closed Session to consider: CONFERENCE WITH REAL PROPERTY NEGOTIATOR (54956.8): Property: Estuary Park Negotiating parties: ARRA and Navy Under negotiation: Price and Terms The Navy's offer of a license, rather than a lease, and the ability of the Navy to terminate the lecense on short notice was discussed. The City desired a lease, which would five the City the right to use the premises for a longer period of time and would justify the investment of City money in the park. The City will not pursue an agreement any more, at this time. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (54956.8): Property: Alameda Point Negotiating parties: ARRA and SCC Alameda Point LLC Under negotiation: Price and Terms Staff provided an update on negotiations regarding Alameda Point. No action was taken. Adjournment There being no further business, Mayor Johnson adjourned the Special Meeting at 6:48 p.m. Respectfully submitted, Iruna Glidden Irma Glidden ARRA Secretary The agenda for this meeting was posted in accordance with the Brown Act. Special Meeting Alameda Reuse and Redevelopment Authority March 5, 2008 | AlamedaReuseandRedevelopmentAuthority/2008-03-05.pdf |
CityCouncil/2008-03-05.pdf,1 | CityCouncil | 2008-03-05 | 1 | MINUTES OF THE SPECIAL JOINT OF THE CITY COUNCIL, ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY (ARRA) , AND COMMUNITY IMPROVEMENT COMMISSION (CIC) MEETING WEDNESDAY -MARCH 5, 2008- - 7:01 P. M. Mayor/Chair Johnson convened the Special Joint Meeting at 7:14 p.m. Roll Call - Present : Councilmembers / Board Members / Commissioners deHaan, Gilmore, Matarrese, Tam, and Mayor/Chair Johnson - 5. Absent : None. AGENDA ITEM (08-110CC/08- CIC) Recommendation to approve the First Amendment to the Alameda Point Exclusive Negotiation Agreement between the City Council, ARRA, CIC and SSC Alameda Point, LLC to extend the timeline for several mandatory milestones and create a new Developer Consultant Costs account. The Base Reuse and Community Development Manager gave a brief presentation. Bill Smith, Alameda, discussed the economy. Diane Lichtenstein, Housing Opportunities Makes Economic Sense (HOMES, stated that HOMES supports the staff recommendation. Councilmember/BoardMember/Commissioner deHaan stated the economy has changed; there were concerns regarding the Navy asking for $108 million for the property; reviewed housing costs and subsidies; stated the housing market is declining by approximately 20%; inquired whether the project is feasible at this period of time. Pat Keliher, SunCal, responded that he cannot predict the market. ; stated Alameda Point is a special place and is an incredible piece of land; nothing will be accomplished by hyper-focusing on what is going on today some SunCal projects are not doing very well; all developers are having trouble in certain market segments SunCal companies are financed individually; SunCal is still spending a lot of money on the Oak Knoll project, which is in the inner Bay Area and does not have the market risk found in Bakersfield or Modesto; money is still flowing for certain projects. Councilmember/Board Member/Commissioner deHaan stated that adaptive reuse concerns were discussed; sequencing is important he does not want to get caught up in homes being the main element. Special… | CityCouncil/2008-03-05.pdf |
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