Title
Recommendation to Authorize the Interim City Manager, or Designee, to Accept the Improvements Completed by Alameda Marina, LLC for Tract 8500, Alameda Marina Clement Avenue Improvement Plans. (Public Works 31041520)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
Tract 8500 subdivided 27 acres of land located at 1815 Clement Avenue, creating five developable lots and four additional parcels for parking, open space, and maritime purposes. Alameda Marina, LLC completed the improvements per a Subdivision Improvement Agreement (SIA). The improvements executed under the subject contract are complete and acceptable to the Public Works Department.
BACKGROUND
On July 16, 2019 the City Council approved, with conditions, Tentative Map 8500 per City of Alameda Resolution No 15570. On November 17, 2020, the City Council adopted Resolution 15772 approving the first final map and bond for Tract 8500 Alameda Marina, authorizing the execution of an SIA with Alameda Marina, LLC, and accepting the offers of dedications and easements for Tract 8500.
Since approval of the Alameda Master Plan, the Alameda Marina project has completed over $7 million of frontage improvements along the Clement Avenue right of way and has expended over $30 million on seawall, shoreline, and sea level rise improvements. The 368 rental units (including 49 deed restricted affordable units) planned for phase 1 of the project are currently under construction with completion set for third quarter 2023, and the 182 for-sale townhome units (including 25 affordable units) in phase 2 will begin construction this summer with completion scheduled for 2024. The maritime core area is anticipated in 2024/2025 after completion of the adjacent residential buildings and shoreline improvements. The third and final residential phase will complete in 2025/2026 and include an additional 226 units with 30 affordable units along with final completion of the shoreline public acces...
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