2007-06-06 ARRA MinutesAPPROVED
MINUTES OF THE REGULAR MEETING OF THE
ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY
Wednesday, June 6, 2007
The meeting convened at 7:26 p.m. with Chair Johnson presiding.
1. ROLL CALL
Present: Beverly Johnson, Chair of Alameda
Marie Gilmore, Boardmember, City of Alameda
Doug deHaan, Boardmember, City of Alameda
Frank Matarrese, Boardmember, City of Alameda
Lena Tam, Boardmember, City of Alameda
2. CONSENT CALENDAR
2-A. Approve the minutes of the Special Meeting of May 8, 2007.
Approval of the consent calendar was motioned by Member Matarrese, seconded by
Member Gilmore and passed by the following voice vote: Ayes – 5; Noes – 0; Abstentions –
0.
3. REGULAR AGENDA ITEMS
3-A. Oral Report Update – Alameda Point Master Developer
Debbie Potter, Base Reuse and Community Development Manager, summarized the status of the
Master Developer negotiations. Staff and SunCal kicked off the due diligence process on May
13, 2007, and negotiation of the Exclusive Negotiating Agreement (ENA), which will govern the
entitlement process over the next 24 months, is actively underway. The sixty day due diligence
period ends on July 12th and if SunCal elects to go forward with the project, the ENA will be
presented to the ARRA Board for its consideration at a Special meeting on July 18.
Michael Perata, Vice President of Acquisitions for SunCal, arrived late (after Item 3-B closed),
and Chair Johnson re-opened Item 3-A in order for him to give SunCal's update on the due
diligence process.
3-B. ARRA Budget Update
Leslie Little, Development Services Director, gave a powerpoint presentation on the annual
ARRA Budget update. The presentation discussed highlights of the year just completed, and
projections for moving forward. Major highlights include the stabilization of ARRA lease
revenue, payment of full AP Bond, and payment of Citywide Development fee.
4. ORAL REPORTS
4-A. Oral report from Member Matarrese, Restoration Advisory Board (RAB)
representative.
2-A
There was no report, as the next RAB meeting is tomorrow night (6/7). Member Matarrese will
provide a report at the next ARRA meeting.
5. ORAL COMMUNICATIONS, NON-AGENDA (PUBLIC COMMENT)
There was one speaker, Kevin Kearny, City Auditor, who spoke about lease and procedural
issues at Alameda Point, specifically the results of an interim audit which showed significant
write-offs of tenant rents at Alameda Point. Mr. Kearny wanted to understand the process by
which the ARRA makes decisions regarding tenants that are in arrears with their rent, or that
have other contractual problems. Leslie Little explained that there is a procedure in place given
to staff by the ARRA, that any lease negotiation be brought to ARRA for policy direction. Mr.
Kearny was interested in seeing the documentation that supports the decision of the current lease
(for the specific tenant being referred to).
Member Matarrese requested that this issue be agendized so that it can be discussed formally.
6. COMMUNICATIONS FROM THE GOVERNING BODY
Member deHaan discussed the economic viability of building residential at Alameda Point.
Member Gilmore clarified what Member deHaan meant by “affordability” of homes and
discussed that the economic driver of the project was not just the homes, but the type and mix of
homes that make it market driven for the developer.
7. ADJOURNMENT
Meeting was adjourned at 8:24 by Chair Johnson.
Respectfully submitted,
Irma Glidden
ARRA Secretary