Development-Agreement

Presentation Outline

Summary of Recommendations
Entitlement Process
Evaluation Criteria
Evaluation of Options
Next Steps

Excerpt:

Even the most fervent supporters of SunCal Companies’ proposal to turn Alameda’s rotting former Naval Air Station into a new, mixed-use community admit that the company was its own worst enemy in its quest to win support for its plan.

The company routinely ignored advice from city staff, politically active locals and even its own highly paid political consultants, angering Alameda voters and local policymakers, who sent them packing on July 20.

Outline

Background
Two Remaining Mandatory Milestones
.Finalized Navy Term Sheet
.Disposition and Development Agreement

Discussion
.Denial of SunCal Modified OEAOptional Entitlement Application
..Findings for Denial
...Lack of Commitment to Mixed-Use Transit-Oriented Development
...Jobs/Housing Imbalance
...Need for Economic Development Strategy
...Traffic Impacts
...Impacts to Endangered Species
...Risk of Project Infeasibility and Adverse Outcomes
...Lack of Community Support

..Responses to Questions from Alameda's July 7, 2010 Meeting

Excerpt:

Suncal Co.s is threatening to take legal action against the city of Alameda and its interim city manager for “jeopardizing its efforts” to redevelop a 770-acre portion of a former Navy base on the island city.

The developer wants the city to investigate Ann Marie Gallant, the interim city manager, for acting in bad faith during its negotiations with the city on the project. Gallant says Suncal’s claims against her are false.

“This is a personal attack against me because (Suncal) holds me responsible for what’s happened with this project in the past year,” she said.

Excerpt:

Our firm represents SCCSunCal Companies Alameda Point, LLCLimited Liability Corporation (“SCC Alameda”). We understand that the
Alameda staff intends to place on the July 20, 2010 agenda of the City, the ARRAAlameda Reuse and Redevelopment Authority. The City Council acts in this capacity. and the CICCommunity Improvement Commission (Alameda's redevelopment agency). The City Council acts in this capacity. (collectively, “Alameda”) a vote on whether to extend the term of the ENAExclusive Negotiating Agreement referenced above. This vote on the ENA is wholly unnecessary. The ENA will be extended by its own terms and by operation of law. Therefore, we request that the vote be removed from the agenda.

Excerpt:

An attorney representing SunCal Companies has accused Interim City Manager Ann Marie Gallant of engaging in a “malicious campaign” to stall the developer’s plans in an effort to put the city in charge of development at Alameda Point – and demanded the city extend its exclusive agreement to negotiate a development deal for the Point beyond its July 20 expiration date.

Includes previous activity updates.

Excerpt:

In two weeks, SunCal’s agreement to negotiate a development deal for Alameda Point is set to end. The City Council has the option of either extending its negotiating agreement with SunCal or bidding the developer adieu, leaving the city in the position of searching for a third master developer or for other ways to develop the Point.

Memo includes responses to the following questions raised at the June 1, 2010 City Council Meeting.

1. What is the status of ongoing negotiations between SunCal and Alameda
regarding project economics and assumptions in the SunCal Project Proforma?

2. Can the project financially support the proposed transportation improvements
and program, public benefits, fiscal neutrality, and significant land payment to
the Navy?

3. Does SunCal project comport with definitions of transit-oriented development
(TODTransit Oriented Development)?

Includes discussion of SunCal management meeting with Navy officials at the Pentagon.