Title
Annual Review: Del Monte Mixed Use Project Development Agreement - Applicant: TL Partners I, LP. Approve a Resolution Finding that the TL Partners I, LP has Demonstrated Good Faith Compliance with the Terms and Conditions of the Del Monte Development Agreement through January 2016, based on the Findings contained in the Draft Resolution. This Compliance Review is not a project under CEQA.
Body
To: Honorable President and
Members of the Planning Board
From: Andrew Thomas
Assistant Community Development Director
BACKGROUND
In September 2014, the Planning Board held a public hearing and unanimously approved a Master Plan, Density Bonus application, Development Plan, Design Review, Development Agreement, and Transportation Demand Management Program for the adaptive reuse of the Del Monte Warehouse and surrounding property located at 1501 Buena Vista Avenue.
On January 15 2015, the City of Alameda and TL Partners I, LP, a California limited partnership; ("Developer") entered a Development Agreement for the Del Monte Warehouse Project. Pursuant to State law, Alameda Municipal Code (AMC) Section 30-95.1, and Article 5 of the Development Agreement, the Planning Board is required to hold a public hearing at which the applicant must demonstrate good faith compliance with the terms and conditions of the agreement. In order to demonstrate good faith compliance, the applicant has submitted a Developer Letter of Compliance (Exhibit 1) for the annual review.
The Developer has been working with its design team to complete the construction drawings and improvement plans for the site and anticipates commencement of improvements on the site in 2016, with vertical building construction beginning in late 2016. The Developer has met regularly with City staff during this review period to ensure that the Development Agreement and all subsequent approvals are being implemented in a timely fashion.
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