A new mixed-use development — with housing, office space, retail shops and/or biotech and high-tech business space — may arise adjacent to the Alameda Marina someday under terms of a new lease between the marina's owners and the City of Alameda.
The proposed lease is on the Alameda City Council's agenda for its Tuesday night meeting.
The lease agreement with Pacific Shops, Inc., the present owner of the marina, would have an initial 25-year term, with a 41-year extension if more development is approved by the city and takes place. Terms include a base rent and a percentage of gross receipts, and requires a substantial capital investment by the marina. You may see City Manager John Russo's memo outlining the proposed development and the lease terms here.
Also on the agenda:
- A public hearing on the 2012-2013 plan for the federal community development block grants and HOME program. Funding for these programs will decrease by about $32,000 next year, and federal stimulus funding for homelessness programs will end in August, 2012, according to a report by Russo.
- A request by Councilmember Doug deHaan for city staff to analyze Nov. 2, 2010 election campaign financing and to bring a dormant campaign reform ordinance (the Sunshine Ordinance) back to the council for a review and vote.
The council will meet in public session at 7 p.m. Tuesday, May 1, in the City Hall council chambers, 2233 Santa Clara Ave. The agenda is attached above and is also available on the City of Alameda website, along with related staff reports and other documents.
The council will hold a closed session before the public meeting to discuss litigation stemming from a bike accident and labor negotiations with city maragerial employees. You may see that agenda here. (Note: the closed session agenda that appears in the PDF with this article has since been revised.)
The council also has a special meeting scheduled on the following day, Wednesday, May 2, that will focus on Alameda Point. You may read that agenda on the city website.