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2003-11-12 Joint CC CIC ARRA MinutesMINUTES OF THE SPECIAL JOINT CITY COUNCIL, COMMUNITY IMPROVEMENT COMMISSION AND ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY WEDNESDAY- - NOVEMBER 12, 2003- -5:35 P.M. Mayor /Chair Johnson convened the Special Joint Meeting at 6:00 p.m. Councilmember /Commissioner /Board Member Matarrese led the Pledge of Allegiance. ROLL CALL - Present: Councilmembers /Commissioners /Board Members Daysog, Gilmore, Kerr, Matarrese and Mayor/ Chair Johnson - 5. Absent: None. AGENDA ITEMS The Special Meeting was adjourned to Closed Session at 6:00 p.m. to consider: (03- 511CC /03- 063CIC) Conference with Real Property Negotiator; Property: Alameda Naval Air Station; Negotiation Party: Alameda Point Community Partners, Navy, City of Alameda, Community Improvement Commission and Alameda Reuse and Redevelopment Authority; Under Negotiation: Price and terms. Bob DeLuca, Alameda Unified School District, requested that any study or request for proposals include the impact on Alameda Unified School District. Following the Closed Session, the Special Meeting was reconvened at 7:15 p.m. and Mayor /Chair Johnson announced that the Council/ Commission /Authority obtained a briefing from staff and instructions were given to Real Property Negotiators. (03- 512CC /03- 064CIC) Adoption of Resolution Authorizing the Alameda City Manager, Executive Director of the Commission and the Executive Director of the Authority to Enter into a Conditional Acquisition Agreement By and Between the Alameda Point Community Partners for Real Property at Alameda Point. Not Adopted. Mayor /Chair Johnson stated several Councilmembers /Commissioners/ Board Members have questions; a [follow -up] meeting has been scheduled for next Wednesday, November 19,at 5:00 p.m.; the Council /Board would like to direct specific questions to Alameda Point Community Partners (APCP); requested written responses to the questions be provided by Monday, November 17, 2003. Special Joint Meeting Alameda City Council, Community 1 Improvement Commission and Alameda Reuse and Redevelopment Authority November 12, 2003 Councilmember /Commissioner /Board Member Kerr stated the City went through a Request for Qualifications (RFQ) and Request for Proposals (RFP) process for development of Alameda Point; companies provided statements about their qualifications and business plans; changes have developed greatly in recent months; it is her fiscal responsibility to the taxpayers to know APCP, which has been a moving target; inquired who is the new APCP, what is its corporate structure, what are its shares, does it have a bank account and assets, and can it take out insurance; that she would like to know the kind of responsibility APCP can take because the City is being asked to sign an agreement with a pretty undefined entity at this point. Mayor /Chair Johnson requested that staff make a list of the questions for APCP. Councilmember /Commissioner /Board Member Kerr noted that the City has never had the equivalent of an RFQ from the newly redefined APCP partnership. The City Manager /Executive Director stated the City Clerk would provide questions to the Council and APCP tomorrow. Councilmember /Commissioner /Board Member Kerr stated that her questions are: who is APCP ?; who are the partners ?; what are their voting shares ?; what are APCP's assets, if any ?; can APCP carry insurance ?; and what is APCP's corporate or partnership structure ?; requested all information that would normally be included in a RFQ. Vice Mayor /Commissioner /Board Member Daysog quoted Joseph Stalin's idea that the closer one gets to revolution, the more difficult it becomes; the idea applies to the Conditional Acquisition Agreement (CAA), which is a really profound point in Alameda's history; the Council /Commission /Board is progressing slowly to ensure all information and questions are addressed. Councilmember /Commissioner /Board Member Gilmore stated that her question concerns adaptive reuse; APCP is an excellent home developer; however, APCP has been selected to be the Master Developer, which requires adaptive reuse; requested specific information about the APCP's qualifications to perform adaptive reuse; requested chapter and verse about APCP's thoughts and plans for adaptive reuse; requested information regarding the Internal Rate of Return (IRR) ; inquired why the specific starting point was selected, especially given that the CAA requires the City perform tasks which will provide a lot more information about unknowns; Special Joint Meeting Alameda City Council, Community 2 Improvement Commission and Alameda Reuse and Redevelopment Authority November 12, 2003 stated, theoretically, there should be less risk to APCP, which should be reflected in the IRR. Councilmember /Commissioner /Board Member Matarrese requested a public definition of what the roles are looking at the new structure and active partners versus passive partners; inquired who is filling IRG and Morgan Stanley's roles. Mayor /Chair Johnson stated APCP has not had the opportunity to make a presentation about itself at a public meeting recently; APCP is welcome to make a presentation outlining strengths, qualifications, and why APCP was selected for the project. Vice Mayor /Commissioner /Board Member Daysog requested a semblance of how APCP anticipates working with staff or consultants in devising a business a plan, including deliverables, timetables, etc.; specifically, who will do what and when; stated the response might be as simple as APCP is ready to work with staff and staff is ready to work with APCP. Councilmember /Commissioner /Board Member Kerr stated one justification for the high IRR was that APCP was putting up predevelopment money, which is the most at risk; now that the City is putting up money, the IRR should be reviewed; the CAA indicated that APCP was expecting to expend a lot of money during the CAA period; the new arrangement was intended to stop the bleeding [expenditure of money]; the City had no control over APCP's spending; however, APCP expected a high IRR; the CAA does not indicate there would be an effort to stop the bleeding on APCP's expenditures. Vice Mayor /Commissioner /Board Member Daysog inquired whether APCP should call Councilmembers /Commissioners /Board Members directly if APCP needs clarification regarding questions raised. The City Manager /Executive Director stated that staff would prefer questions go though the City Attorney or himself to ensure everyone is aware of questions and on the same page. Councilmember /Commissioner /Board Member Gilmore inquired whether APCP would be able to respond in the amount of time given. Aidan Barry, APCP, responded APCP appreciates the clarity of the questions; APCP should be able to answer the questions, have responses to the City by Monday and be ready to give a presentation on Wednesday in an attempt to move the CAA forward; APCP will be ready, willing and able to respond. Special Joint Meeting Alameda City Council, Community 3 Improvement Commission and Alameda Reuse and Redevelopment Authority November 12, 2003 Councilmember /Commissioner /Board Member Kerr inquired whether APCP would have internal documentation as to who APCP is. Mr. Barry responded in the affirmative; stated there was an amendment to the MOU which was distributed to [City] staff today, it was an obligation within the document [CAA] itself; APCP can provide further clarity of the questions asked tonight. Councilmember /Commissioner /Board Member Kerr noted the Council /Commission/ Board has not seen the document [MOU amendment]. The City Manager /Executive Director stated staff just received it and is reviewing the document; copies will be made available to the Council /Commission /Board. Adjournment There being no further business, Mayor /Chair Johnson adjourned the Special Joint Meeting at 7:40 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, Community 4 Improvement Commission and Alameda Reuse and Redevelopment Authority November 12, 2003