Title
Recommendation to Find that Pulte Home Company, LLC is a Qualified Developer Pursuant to the Alameda Landing Disposition and Development Agreement, and Consent to the Form of the Partial Assignment and Assumption Agreement (Disposition and Development Agreement (Alameda Landing Mixed Use Project) - Remainder Residential Parcel), and Authorize the City Manager, or Designee, to Execute the Required Documents. [SACIC]; and
Recommendation to Consent to the Form of the Partial Assignment and Assumption Agreement (Development Agreement (Alameda Landing Mixed Use Commercial Project) - Remainder Residential Parcel) to Pulte Homes Company LLC, and Authorize the City Manager, or Designee, to Execute the Required Documents. [City Council] (Community Development 256)
Body
To: Honorable Chair and Members of the Successor Agency to the Community Improvement Commission
Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
The Disposition and Development Agreement (DDA) and Development Agreement (DA) between the Successor Agency to the Community Improvement Commission of the City of Alameda (Successor Agency) and City of Alameda (City), respectively, and Catellus Alameda Development, LLC (Catellus) allow for the agreements to be assigned, in whole or in part, to a different entity(ies) under certain circumstances: 1) pursuant to the DDA the Successor Agency must find that the assignee is a Qualified Developer, as defined in the DDA, and 2) the Successor Agency must consent to the assignment of the DDA and the City must consent to the assignment of the DA as follows: 1) the Successor Agency finds that Pulte Home Company, LLC (Pulte) is a Qualified Developer as defined in the DDA; 2) the Successor of the DDA and authorize the City Manager, or designee, to execute the required documents; and 3) the City Council consent to the form of Partial Assignment and Assumption Agreement of the DA and authorize the City Manager, or designee, to execute the require...
Click here for full text