Title
Workshop to Receive an Update and Provide Feedback on the Disposition Strategy for Leasing and Sale of Properties within the Reuse Area at Alameda Point. (Base Reuse and Economic Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Adam W. Politzer, Interim City Manager
EXECUTIVE SUMMARY
City of Alameda (City)-owned lands at Alameda Point are divided into two general categories: development areas and the Reuse Area (Exhibit 1). In development areas, the City expects developer partners to deliver backbone streets and other necessary infrastructure as part of their projects. In the Reuse Area, the City intends to deliver the backbone infrastructure, as sufficient revenue is generated through the sale of land and buildings. To generate this revenue, staff follows the recommended hybrid lease-sale Disposition Strategy discussed with City Council in March 2023, prioritizing land sales near newly built backbone streets while continuing to lease the hangars along West Tower Avenue and Monarch Streets until future phases of backbone infrastructure can be funded and built.
This workshop provides an update to City Council on efforts to implement the March 2023 Disposition Strategy, and seeks feedback on the City's approach to disposition in the Reuse Area in a way that can further deliver on the City's goals for Alameda Point.
BACKGROUND
The Master Infrastructure Plan
Replacing backbone infrastructure is foundational to the City's approach to development and disposition of properties at Alameda Point. The Alameda Point Master Infrastructure Plan (MIP), initially approved by City Council in 2014 and updated in 2020, identifies Alameda Point's new infrastructure needs and sets forth a physical plan for the location of future infrastructure, covering water, sewer, storm drain, electrical, gas, telecommunications, surface street designs, sea level rise adaptation, parks, and other improvements. Ongoing use and maintenance of the ...
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