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168 | The Base Reuse Director responded the tenant could submit an application for a conditional use permit and say they want to do 270 work/live units; the current project states the tenant does not want to do any more than 100 work/live units. Mayor Spencer stated the 100 work/live units is not in the presentation. The Base Reuse Director responded 100 units is a land use decision that the City has not discussed yet; stated the City has left open the flexibility for the developers to do a number of commercial uses; when the developer gets into the design, there is flexibility to come up with a plan and submit an application; ultimately, the City Council will make the decision. Mayor Spencer stated there is a potential of 270 housing units; inquired if 270,000 square feet is allowed within the zoning. The Base Reuse Director responded the zoning does not give the developer the right or ability to build work/live units; a conditional use permit is required. Mayor Spencer inquired if there is the potential in Building 8. The Base Reuse Director responded only if the Planning Board approves the request and the City Council upholds the Planning Board approval. Mayor Spencer inquired if the person who arrived at the sales price valued the price at the potential of having 270 work/live units. The Base Reuse Director responded the building has been valued as commercial use because work/live is commercial use; stated the building is not financed as residential; the project is restrictive in the way that it is structured; it is priced and zoned as commercial use. Mayor Spencer stated it is zoned for work/live; the City's zoning states that every unit must be up to 1,000 square feet and Building 8 is 270,000 square feet. The Base Reuse Director responded approval of work/live units would have to go to the Planning Board and could be called for review by Council. Mayor Spencer inquired whether a sale price is being agreed upon, to which the Base Reuse Director responded in the affirmative. Mayor Spencer inquired whether the price includes the value of work/live units, to which Mr. Anderson responded in the negative; stated basing the value on work/live is not appropriate. Mayor Spencer inquired how many buildings in the area allow work/live. Regular Meeting Alameda City Council 15 March 15, 2016 |