2005-04-19 Joint CC CIC MinutesMINUTES OF THE SPECIAL JOINT CITY COUNCIL AND
COMMUNITY IMPROVEMENT COMMISSION MEETING
TUESDAY- -APRIL 19, 2005- -7:27 P.M.
Mayor/Chair Johnson convened the Special Joint Meeting at 7:56 p.m.
ROLL CALL - Present: Councilmembers/Commissioners Daysog,
deHaan, Gilmore, Matarrese, and
Mayor/Chair Johnson – 5.
Absent: None.
MINUTES
(05-157CC/05-016CIC) Minutes of the Special Joint City Council and
Community Improvement Commission Meeting held on April 5, 2005.
Approved.
Vice Mayor/Commissioner Gilmore moved approval of the minutes.
Councilmember/Commissioner Matarrese seconded the motion, which
carried by unanimous voice vote – 5.
AGENDA ITEMS
(05-158CC/05-017CIC) Recommendation to approve the Annual Operating
and Capital Budget for the Bayport Project.
The Acting City Manager stated the budget scenario is considerably
better based upon the profit participation section that allows
participation in some of the developer’s profit.
The Development Services Director gave a brief report on the
project.
Councilmember/Commissioner Daysog inquired whether bond issuance is
not required because revenue generated would cover public
improvements and still provide an $800,000 profit.
The Development Services Director responded that one bond was
issued early in the project; the project’s bottom line does not
require using any other bonds to finish the project.
Mayor/Chair Johnson inquired whether bond capacity is freed up for
other potential uses in the future.
The Development Services Director responded in the negative; stated
the existing agreement does not just contemplate the current phase;
the obligations of the projects are linked; any project proceeds
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Alameda City Council and Community Improvement Commission
April 19, 2005
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that flow from Phase I tax increments are obligated to Phase II
unless negotiated differently.
Mayor/Chair Johnson inquired whether Phase II has been negotiated,
to which the Development Services Director responded Phase II has a
Disposition and Development Agreement (DDA).
Mayor/Chair Johnson inquired whether the DDA provisions could be
renegotiated, to which the Development Services Director responded
in the affirmative.
Councilmember/Commissioner Matarrese inquired whether the bottom
line of the next phase is more favorable.
The Development Services Director responded that a developer
advance is not required; available funds would be required to be
put into the infrastructure in a different pattern.
Councilmember/Commissioner Matarrese inquired whether the Research
and Development Park and Business Park look more favorable, to
which the Development Services Director responded that she could
not respond; there are other issues related to the economics.
Councilmember/Commissioner Matarrese inquired whether the profits
rolling into the next project allow for a more favorable situation,
to which the Development Services Director responded possibly.
Councilmember/Commissioner deHaan inquired whether the price of
homes is the principal factor for the current situation, to which
the Development Services Director responded in the affirmative.
Councilmember/Commissioner deHaan stated the break-even point was
$650,000.
The Redevelopment Manager noted the average sale price of the homes
was $725,000.
Councilmember/Commissioner Daysog stated that news is good overall;
profit participation was initially questionable.
Councilmember/Commissioner deHaan moved approval of the staff
recommendation.
Councilmember/Commissioner Matarrese seconded the motion, which
carried by unanimous voice vote – 5.
Doug Biggs, Alameda Point Collaborative (APC), stated that the APC
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was originally granted 39 units to meet housing needs for the
homeless; APC entered into an agreement with the City to replace
the original units in east housing near the corner of Atlantic
Avenue and Fifth Street; the City told APC that there are no funds
to build the 39 units; the City is contemplating financing a 39-
unit project through other funds instead; the City specifically
designated project revenues from the Catellus Project as the
primary source for the 39 units, including $2 million from the sale
of land; that designation of funds is not shown in the accounting
presented tonight; without the agreement with APC to relocate
units, the Bayport Project would not have happened; the use of the
Catellus funds could go a long way toward making units more
affordable and serve the homeless.
Councilmember/Commissioner Matarrese requested an Off Agenda Report
in response to Mr. Biggs’ comments.
(05-159CC/05-018CIC) Joint Public Hearing to consider authorizing
the City Manager/Executive Director to enter into a Disposition and
Development Agreement with Alameda Entertainment Associates, L.P.,
approval of the 33433 Report, and adoption of a Mitigated Negative
Declaration for the Alameda Theater, Cineplex and Parking Structure
Project (State Clearinghouse #2004-122-042).
(05-018A/CIC) Adoption of Resolution Approving and Authorizing
Execution of a Disposition and Development Agreement Between the
Community Improvement Commission and Alameda Entertainment
Associates, L.P., and Approving Certain Mitigation Measures for the
Project and Adopting a Mitigation Monitoring Program; and
(05-159A/CC) Adoption of Resolution Approving and Authorizing
Execution of a Disposition and Development Agreement Between the
Community Improvement Commission and Alameda Entertainment
Associates, L.P., and Adopting a Mitigated Negative Declaration and
Mitigation Monitoring Program. Continued to May 3, 2005.
ADJOURNMENT
There being no further business, Mayor/Chair Johnson adjourned the
Special Joint Meeting at 8:06 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.
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April 19, 2005
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