Title
Final Passage of Ordinance Approving a Development Agreement between the City of Alameda and Alameda Point Partners, LLC (APP) for the Site A Development at Alameda Point. (Base Reuse 819099)
[NOTE: THE DEVELOPMENT AGREEMENT IS LENGTHY; HARDCOPY MAY BE VIEWED AT THE CITY CLERK'S OFFICE AND LIBRARY REFERENCE DESKS]
Body
CITY OF ALAMEDA ORDINANCE NO. ________
New Series
APPROVING DEVELOPMENT AGREEMENT DA-_____ BY AND BETWEEN THE CITY OF ALAMEDA AND ALAMEDA POINT PARTNERS, LLC REGARDING 68 ACRES AT ALAMEDA POINT REFERRED TO AS THE ALAMEDA POINT SITE A PROJECT
WHEREAS, in order to strengthen the public planning process, encourage private participation in comprehensive planning and reduce the economic costs and risk of development, the Legislature of the State of California enacted Section 65864 et seq. of the Government Code (the "Development Agreement Legislation") which authorizes a City and a developer having a legal or equitable interest in real property to enter into a binding, long-term development agreement, establishing certain development rights in the property; and
WHEREAS, pursuant to Government Code Section 65864, the City has adopted rules and regulations establishing procedures and requirements for consideration of development agreements, which procedures and requirements are contained in Alameda Municipal Code Chapter XXX, Article VII, Code Sections 30-91 thru 30-95 (the "City Development Agreement Regulations"); and
WHEREAS, the City and Alameda Point Partners, LLC, a Delaware limited liability company ("the Developer") have entered into a Disposition and Development Agreement dated _____________, 2015 approved by the City Council by Ordinance No. _____ (the "DDA"), whereby the Developer intends to acquire from the City a 68-acre portion of the former Naval Air Station Alameda ("NAS Alameda") (the "Property"); and
WHEREAS, in accordance with the Development Agreement Legislation and the City ...
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