Title
PLN24-0639 - Master Plan and Development Agreement - 1521 Buena Vista Avenue - Applicant: North Waterfront Cove LLC. Public hearing to consider an application pursuant to Alameda Municipal Code (AMC) section 30-4 and sections 30-91 through 30-95 to amend the Encinal Terminals Master Plan and Development Agreement (entered into by the City Council on February 1, 2022) to modify interim milestones and related / conforming amendments. General Plan: Mixed Use. Zoning: M-X, Mixed Use. CEQA Determination: Exempt - prior environmental review was conducted for the project and none of the circumstances necessitating further CEQA review are present. Amending the implementation timeline has no foreseeable effect on the environment.
Body
To: Honorable Chair and Members of the Planning Board
From: Steven Buckley, Planning Board Secretary
EXECUTIVE SUMMARY
Staff is recommending that the Planning Board conduct a public hearing and adopt a Resolution recommending that the City Council adopt an ordinance approving an amended Master Plan and Development Agreement for the Encinal Terminals site to extend the internal milestones for performing certain actions due to the current economic climate that makes implementation infeasible. The milestone extensions would be granted under two conditions: that steady progress be made on the formation of the project's assessment district and biannual written reports tracking economic conditions are submitted to the City. Without amendments to certain internal milestones, the Development Agreement will expire, which will trigger expiration of both the Disposition and Development Agreement and the State Exchange Agreement.
The developer's application is attached as Exhibit 1, the Master Plan is attached as Exhibit 2, the Development Agreement is attached as Exhibit 3, the Tidelands Trust Exchange Diagram is attached as Exhibit 4, and a draft Resolution is attached as Exhibit 5.
BACKGROUND
The Encinal Terminals site is a ...
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