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CityCouncil/2015-01-20.pdf,8 | CityCouncil | 2015-01-20 | 8 | higher. Mr. Ernst responded there are very precise funding mechanisms for the affordable housing; stated other funding opportunities would have to be evaluated; that he could report back on the matter later. Mayor Spencer inquired the purchase and rental prices for the affordable housing units, to which Mr. Ernst responded that he cannot present price information at this point. In response to Mayor Spencer's inquiry, Mr. Ernst stated the pricing is market-based and information would be shared with the Council as it is developed. Mayor Spencer inquired whether the plan contemplates housing for new employees coming to Alameda Point, rather than existing employees and residents. Mr. Ernst responded the project is a true mixed-used project that presents opportunities for people who already work and live in Alameda, as well as providing opportunities for new companies wanting to locate at Alameda Point. Mayor Spencer inquired the total anticipated cost for the Sports Complex, to which the Chief Operating Officer - Alameda Point responded $20 million. Councilmember Daysog stated data indicates there are a lot more rental units in the West End with a desire for more ownership. Mayor Spencer stated Councilmember Daysog's comments can be discussed later and asked for only clarifying questions. Councilmember Ezzy Ashcraft inquired how the Council gives direction to the Planning Board regarding the Development Plan. The Chief Operating Officer - Alameda Point responded because of the tight timeline and desire to keep the process moving, staff will present tonight's comments to the Planning Board orally, or incorporate the comments in the staff report if time permits; hopefully the Planning Board will approve the Development Plan in April to allow the Council to approve the Disposition and Development Agreement (DDA) in May. Vice Mayor Matarrese inquired whether there is a density bonus application relevant to the project, to which the Chief Operating Officer - Alameda Point responded the project is 800 homes; stated the lan… | CityCouncil/2015-01-20.pdf |
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