Title
Final Passage of Ordinance Authorizing the Interim City Manager, or Designee, to Execute a First Amendment to the Development Agreement By and Between the City of Alameda and Alameda Point Partners, LLC for the Site A Development at Alameda Point. (Community Development 29061822)
Body
The staff report for this ordinance was included when the ordinance was introduced and is available at the following link:
https://alameda.legistar.com/LegislationDetail.aspx?ID=5779285&GUID=F5314EB6-3179-41A9-9A35-4C0E39BD7138&Options=&Search=&FullText=1
CITY OF ALAMEDA ORDINANCE NO. _____
New Series
AUTHORIZING THE INTERIM CITY MANAGER, OR DESIGNEE, TO EXECUTE A FIRST AMENDMENT TO THE DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF ALAMEDA AND ALAMEDA POINT PARTNERS, LLC FOR THE SITE A DEVELOPMENT AT ALAMEDA POINT
WHEREAS, in order to strengthen the public planning process, encourage private participation in comprehensive planning and reduce the economic costs and risk of development, the Legislature of the State of California enacted Section 65864 et seq. of the Government Code (the "Development Agreement Legislation") which authorizes a city and a developer having a legal or equitable interest in real property to enter into a binding, long-term development agreement, establishing certain development rights in the property; and
WHEREAS, pursuant to Government Code Section 65864, the City has adopted rules and regulations establishing procedures and requirements for consideration of development agreements, which procedures and requirements are contained in Alameda Municipal Code Chapter XXX, Article VII, Code Sections 30-91 through 30-95 (the "City Development Agreement Regulations"); and
WHEREAS, the City and Alameda Point Partners, a Delaware limited partnership ("the Developer") entered into a Disposition and Development Agreement dated August 6, 2015 and a Development Agreement dated August 6, 2015 approved by the City Council by Ordinance No. ...
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