Title
Adoption of Resolution Approving Final Map for Tract 8570 to Subdivide a Portion of the Oakland Inner Harbor Tidal Canal (APN 71-289-8) to Create Seven Parcels; and
Adoption of Resolution Amending the Fiscal Year 2023-24 Operating and Capital Budget by 1) Increasing Property Income Revenue in the Tidelands Fund (Fund 216) by $60,000 from the Sale of Six Small Parcels in Tract 8570; and 2) Upon Receipt of these Revenues, Appropriating $60,000 from the Tidelands Fund (Fund 216) to the Fernside Eastshore Pathway Capital Improvement Project (C73000).
The City previously adopted an Initial Study/Negative Declaration applicable to this project. Pursuant to CEQA Guidelines Section 15162, none of the circumstances necessitating further CEQA review are present. (Public Works 31041520)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
On October 18, 2022, the City Council approved with conditions, Tentative Map Tract 8570 per City of Alameda (City) Resolution No. 15985. The Final Map for Tract 8570 (Exhibit 1) creates seven (7) total submerged parcels on 26.7 acres: one large open water parcel of approximately 26.26 acres and six (6) small parcels, ranging in size from 0.06 to 0.10 acres. The small parcels are adjacent to two existing public pathways, one existing private pathway and six upland residential properties on Fernside Boulevard. The subdivision is for the purpose of transferring ownership from the City to the adjacent property owners. The Final Map does not entitle or approve any new development. Any future proposal to improve facilities on the submerged parcels will require separate entitlements at that time. Based on previous sales of comparable submerged parcels from Tract 8337, it is anticipated that the sale price for the six small parcels in Tract 8570 will be $10,000 each, or $60,000 total. Revenues from the sales will be allocated toward future pathway improvements projects, onc...
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