Title
Adoption of Resolution Amending the Fiscal Year 2019-20 Capital Projects Fund Budget for the Seaplane Lagoon Ferry Terminal Project by $10,200,000 Funded by an $8,200,000 Grant from Alameda County Transportation Commission and a $2,000,000 Grant from the Water Emergency Transportation Authority. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
This report provides background on the funding for the Seaplane Lagoon Ferry Terminal Project and recommends adoption of a resolution to appropriate approved funds from the Alameda County Transportation Commission (ACTC) and the Water Emergency Transportation Authority (WETA) to the Seaplane Lagoon Ferry Terminal capital project.
BACKGROUND
On June 16, 2015, the City Council approved a Disposition and Development Agreement (DDA) with Alameda Point Partners, LLC (APP), for the Site A development at Alameda Point, consisting of a 68-acre mixed-use project at the gateway of Alameda Point. As part of the backbone infrastructure included with the Phase 1 development of Site A, APP and the City of Alameda (City) agreed to cooperate in the design, permitting and construction of a new ferry terminal at Seaplane Lagoon (Seaplane Lagoon Ferry Terminal), and APP agreed to contribute $10 million towards its development.
On April 5, 2016, the City Council approved the Ferry Terminal Plan and a Memorandum of Understanding (MOU) between the City and WETA (Exhibit 1) to provide a framework for collaboration on funding and operations of the Seaplane Lagoon Ferry Terminal, which was then estimated to cost approximately $18.2 million. The MOU outlined that WETA was responsible for obtaining funds for operations and procuring the required vessels and the City was responsible for securing sufficient funds for the development of the new Seaplane Lagoon Ferry Terminal. Both parties agreed to cooperate with each other in obtaining funds for these purposes.
On April 27, 2017, the ACTC ap...
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