Title
Adoption of Resolution Authorizing the City Manager to Execute a Third Amendment to the Disposition and Development Agreement (DDA) and All Other Necessary Documents between the City of Alameda and Alameda Point Partners, LLC for the Site A Development at Alameda Point. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Adoption of Resolution Authorizing the City Manager to Execute a Third Amendment to the Disposition and Development Agreement and All Other Necessary Documents between the City of Alameda and Alameda Point Partners, LLC for the Site A Development at Alameda Point
BACKGROUND
In June 2015, the City Council approved the Site A Development Plan and a Disposition and Development Agreement (DDA) with the private developer, Alameda Point Partners (APP), for a 68-acre area within Alameda Point that extends generally from the Main Street entrance of Alameda Point to the eastern edge of the Seaplane Lagoon. Site A includes 800 housing units (200 affordable), 600,000 square feet of commercial development, and extensive parks and utility infrastructure (Site A Project).
The Site A Project represents the first major public/private development at Alameda Point since the base closed and lost 18,000 jobs over two decades ago. As part of the first phase of the Site A Project, 130 low and very low affordable housing units will be constructed by Eden Housing, a highly qualified nonprofit affordable housing developer in two buildings on Block 8: 1) a family building with 70 units (Family Project), and 2) a senior building with 60 units (Senior Project) (collectively, Affordable Housing Projects). The DDA contemplates that the rest of the Site A Project will be constructed in three phases over the next 15 years. The executed DDA and amendments can be found at the following link: https://alamedaca.gov/alameda-point/final-planning-documents
Since the approval of the Site A Development P...
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