pages: OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee/2017-03-14.pdf, 3
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OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee | 2017-03-14 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL March 14, 2017 Redevelopment Successor Agency and the Community and Economic Development Committee 2) A Resolution: 1) Amending Resolution No. 2016-005 C.M.S., Which Authorized Consent To The Assignment Of MacArthur Transit Community Partners, LLC's ("MTCP") Right To Acquire Parcels B-1 And B-2 From Bart And The Partial Assignment Of An Owner Participation Agreement (OPA) Between ORSA And MTCP To A Joint Venture Between McGrath Properties, Inc., Or Related Entity, And Boston Properties LP, Or Related Entity, And Instead Authorize The Consent To The Assignment Of MTCP's Right To Acquire Parcels B-1 And B-2 From Bart And Partial Assignment Of The OPA To Boston Properties LP, Or A Related Entity ("BP") Pursuant To A Long Term Ground Lease With An Option To Purchase Between MPI MacArthur, LLC, Or A Related Entity, And BP For The Development Of Parcels B-1 And B-2 Of The MacArthur Station Project ("Project"), 2) Authorizing A Third Amendment To The OPA To (A) Waive A Performance And Payment Bond Requirement For Development Of The Project In Exchange For An Additional Payment Of Up To $500,000 For Community Benefits; (B) Extend OPA Performance Deadlines; (C) Increase The Net Worth Requirement For The Entity That Will Provide The Completion Guaranty For The Project; And (D) Amend Section 2.2.3 To Limit Placement Of The Below Market Rate Units For The Parcel B Project To Floors Five Through Nine; And (3) Relying On the 2008 MacArthur Station Project Environmental Impact Report And Addenda, And Other Documents, Finding That No Additional Environmental Review Is Needed Pursuant To California Environmental Quality Act Guidelines Sections 15162-15164, 15168, 15180, 15183, 15183.3 And 15061, And Adopting Related CEQA Findings 16-0765 Attachments: View Report View Supplemental Report 2017-002 CMS The Committee amended the resolution to change the 4th Resolve to "ensure that a minimum Payment from the applicant of no less than $345,000 for additional community benefits will occur as a condition of waiving the performance bond as discussed in the staff report" and add an additional Resolve "That the ORSA administrator or designee is hereby authorized to amend the preliminary development plan for Parcel B in the OPA to be consistent with the Final Development Plan for a 260 foot tall development approved by the Oakland City Council on March 7, 2017; and it be further. There were 2 speakers on this item. A motion was made by Larry Reid, seconded by Noel Gallo, that this matter be Approve as Amended the Recommendation of Staff, and Forward to go before the Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 3/21/2017. The motion carried by the following vote: Excused 1 - McElhaney Aye 3 - - Campbell Washington Gallo, Reid City of Oakland Page 3 Printed on 11/30/2017 | 3 | OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee/2017-03-14.pdf |