2008-03-05 Joint CC ARRA CIC MinutesMINUTES 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
(08-110 CC/08-13 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/Board Member/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 Joint Meeting Alameda City Council, Alameda
Reuse and Redevelopment Authority, and Community Improvement Commission
March 5, 2008
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Mr. Keliher stated housing is only one element of Alameda Point.
Councilmember/Board Member/Commissioner Matarrese stated that he is
relieved to have a signed document; he hopes that the City is
notified if any hiccups or disasters occur and does not find out
through newspapers; the next six months are going to be intense; it
is important to know early if there is no chance of attaining the
project; the public needs to know what is going on in the next six
months; the six-month extension is justified given the newly found
technical information.
Councilmember/Board Member/Commissioner Matarrese moved approval of
the staff recommendation.
Vice Mayor/Board Member/Commissioner Tam stated that deliverables
are due very soon upon execution of the amendment; inquired whether
the historic preservation and adaptive reuse technical analyses and
market studies would have to be constantly revised; stated the
market is changing and it is hard to capture a scenario in any one
setting in order to develop a Performa in terms of negotiations
with the Navy.
Mr. Keliher responded all documents are dynamic and fluid; stated
status reports would be provided; he does not think that the City
would want to spend $25,000 every fifteen days on a market study.
Vice Mayor/Board Member/Commissioner Tam stated that SunCal has
done a good job in keeping the City informed; more opportunities
will be available to discuss the matter in the next six months.
Councilmember/Board Member/Commissioner Gilmore seconded the
motion, which carried by unanimous voice vote – 5.
ADJOURNMENT
There being no further business, Mayor/Chair Johnson adjourned
the Special Joint Meeting at 7:36 p.m.
Respectfully submitted,
Lara Weisiger, City Clerk
Secretary, Community Improvement
Commission
The agenda for this meeting was posted in accordance with the Brown
Act.
Special Joint Meeting Alameda City Council, Alameda
Reuse and Redevelopment Authority, and Community Improvement Commission
March 5, 2008
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