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 access improvements.
DISCUSSION
Subdivision improvements associated with Tract Map 8500, Alameda Marina Clement Avenue Improvement Plans include reconstruction of the entire Alameda Marina frontage along Clement Avenue including removal of existing buried railroad tracks, installation of a new joint trench, storm drain improvements, and new sidewalk and bicycle infrastructure. Alameda Marina, LLC has completed the improvements per the SIA and the work is acceptable to the Public Works Department.
Alameda Marina, LLC provided surety for the subdivision improvements for Tract 8500 with a Performance Bond, and a Labor and Materials Bond, each in the amount of $4,846,809. Per the SIA, Alameda Marina, LLC will now provide a warranty bond in the amount of ten percent (10%) of the work completed.
ALTERNATIVES
• Accept the improvements completed by Alameda Marina, LLC for Tract 8500 Alameda Marina Clement Avenue Improvement Plans, as recommended.
• Remand the project back to staff for further consideration and evaluation of the completed improvements.
FINANCIAL IMPACT
All subdivision improvements were constructed by Alameda Marina, LLC. Parcels within the tract are, or will be, assessed ad valorem property taxes and other City-wide property related fees.
On March 15, 2022, the City Council established Community Facilities Districts No. 22-1 (Alameda Marina) to incur bonded indebtedness and levy special taxes and fees for public improvements for Alameda Marina, including the improvements completed as part of the SIA for Tract 8500. When the City incurs bonded indebtedness, Alameda Marina, LLC can seek reimbursement for expenses related to the construction of the Clement Avenue improvements, per the Acquisition Agreement approved as part of the Community Facilities District formation.
Issuance of bonds for the Alameda Marina Community Facilities Districts No. 22-1 and reimbursement of expenses related to the construction of the Clement Avenue improvements will be subject to future City Council approval.
There is no financial impact to the City from accepting the improvements completed by Alameda Marina, LLC.
MUNICIPAL CODE/POLICY DOCUMENT CROSS REFERENCE
This action is consistent with the Alameda Municipal Code.
ENVIRONMENTAL REVIEW
On July 10, 2018, City Council certified the Environmental Impact Report for the Alameda Marina Project in accordance with CEQA, and no further review is required pursuant to Public Resources Code section 21166 and CEQA Guidelines section 15162.
CLIMATE IMPACTS
The project will contribute to the City’s Climate Action and Resiliency Plan goals to reduce the city’s greenhouse gas emissions, increase quality of life on the island, and adapt to climate change impacts. The overall development plan for Alameda Marina supports alternative transportation by providing a separated bicycle path and pedestrian improvements. In addition, the development provides new open space within walking distance for nearby visitors and residents.
RECOMMENDATION
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.
Respectfully submitted,
Erin Smith, Public Works Director
By,
Robert Vance, City Engineer
Sarah Lee, Supervising Civil Engineer
Financial Impact section reviewed,
Margaret L. O'Brien, Finance Director
cc: Gerry Beaudin, Interim City Manager