Title
Presentation on Fiscal Impact Analysis of Alameda Point. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Presentation on Fiscal Impact Analysis of Alameda Point Development
BACKGROUND
The City of Alameda is preparing a comprehensive zoning ordinance amendment, Master Infrastructure Plan (MIP), Town Center and Waterfront Precise Plan, and an environmental impact report (EIR) for Alameda Point for City Council approval in early 2014. These project approvals are intended to facilitate near-term construction at Alameda Point.
The MIP presents a plan for new backbone infrastructure systems at Alameda Point, including new streets, flood and sea-level rise protection, shoreline stabilization, geotechnical mitigations, and wet and dry utilities, for the proposed project contained in the Naval Air Station Alameda Community Reuse Plan, consisting of 1,425 units and 5.5 million square feet of commercial space. The draft MIP was presented to the Planning Board on August 21, 2013 and the City Council on September 17, 2013.
Based on the feedback provided from the Planning Board, City Council and community members at these meetings, City staff revised the MIP and presented the updated version to the Planning Board on November 13, 2013 and the City Council on November 19, 2013. One of the comments on the MIP at the September 17, 2013 meeting was to evaluate the fiscal impacts of the public infrastructure and facilities proposed for Alameda Point on the City's annual budget. This analysis was not available for the November 19, 2013 agenda item on the MIP and, as a result, is being presented to the City Council this evening.
DISCUSSION
City staff retained Willdan Financial Services (Willdan) to prepare a fiscal impact analysis of the Alameda Point development. Based on the proposed development of 1,425 housing units and 5.5 million square feet of commercial, which in...
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