Mabuhay!
This positive site is about making the West End of Alameda an even better place for everyone.
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-- TonyDaysog
01.23.2010
In an effort to address grave concerns
raised by local officials and residents,
development agreement different from
the one included in the Measure B
initiative, according to blogging
bayport and the island.
While it remains to be seen if the new
offer can stanch mounting opposition
toward Measure B, early indications
are that it sets the table for resumption
of constructive negotiation between
officials and SunCal following the vote.
Discussion has been marred by what
opponents - including a majority on
City Council - say is a one-sided ballot
measure with a development
agreement that potentially burdens the
city with fiscal and other problems.
Typically, cities and developers
negotiate development agreements to
set clear parameters within which
parties will hopefully come to terms
over major real estate projects. If terms
are reached, the parties then
memorialize their agreement in
another, more detailed document
called a development and disposition
agreement (DDA). Those involved in
large-scale redevelopment projects
with long-term horizons find in
development agreements and DDAs
contractual assurances that their
projects won't be subject to willy-nilly
changes -- a matter as important to
municipalities concerned about how
their areas are improved as it is to
developers eyeing the bottom line.
SunCal's revised development
agreement begins to address some
fiscal concerns raised by officials,
reports Michelle Ellison:
"The proposed new development
agreement would lift a $200 million cap
on the amount of money a developer
would be required to pay to fund
public benefits including a sports
complex, a new library and transit
improvements, city officials confirmed.
It would also lift a 2 percent cap on
property taxes in the development.
Measure B contains a development
agreement with those two provisions,
in addition to a land plan and a
Measure A exemption for the Point."
Even with the recent news about
SunCal's revised development
agreement, residents must still decide
on Measure B on February 2.
For those interested in the details of
the Measure B - as well as SunCal's
latest offer - I posted documents in a
way that readers can quickly and
easily access. Again, I provide
headings and sub-heading to give
readers a clear indication of each file.
Whether you are for or against, you
should read in part or in full the
substance of what Measure B is about.
Click on the links below.
by Tony Daysog
raised by local officials and residents,
development agreement different from
the one included in the Measure B
initiative, according to blogging
bayport and the island.
While it remains to be seen if the new
offer can stanch mounting opposition
toward Measure B, early indications
are that it sets the table for resumption
of constructive negotiation between
officials and SunCal following the vote.
Discussion has been marred by what
opponents - including a majority on
City Council - say is a one-sided ballot
measure with a development
agreement that potentially burdens the
city with fiscal and other problems.
Typically, cities and developers
negotiate development agreements to
set clear parameters within which
parties will hopefully come to terms
over major real estate projects. If terms
are reached, the parties then
memorialize their agreement in
another, more detailed document
called a development and disposition
agreement (DDA). Those involved in
large-scale redevelopment projects
with long-term horizons find in
development agreements and DDAs
contractual assurances that their
projects won't be subject to willy-nilly
changes -- a matter as important to
municipalities concerned about how
their areas are improved as it is to
developers eyeing the bottom line.
SunCal's revised development
agreement begins to address some
fiscal concerns raised by officials,
reports Michelle Ellison:
"The proposed new development
agreement would lift a $200 million cap
on the amount of money a developer
would be required to pay to fund
public benefits including a sports
complex, a new library and transit
improvements, city officials confirmed.
It would also lift a 2 percent cap on
property taxes in the development.
Measure B contains a development
agreement with those two provisions,
in addition to a land plan and a
Measure A exemption for the Point."
Even with the recent news about
SunCal's revised development
agreement, residents must still decide
on Measure B on February 2.
For those interested in the details of
the Measure B - as well as SunCal's
latest offer - I posted documents in a
way that readers can quickly and
easily access. Again, I provide
headings and sub-heading to give
readers a clear indication of each file.
Whether you are for or against, you
should read in part or in full the
substance of what Measure B is about.
Click on the links below.
by Tony Daysog
