8H Consent 2008 0407 - Laserfiche WebLink

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D. Upon the approval of the Retail Project by the City, Kaiser desires to submit a completed application for the Medical Center that that will include a 263 bed, 438,000 square foot hospital, a 410,000 square foot hospital support building, a Central Utility Plant and additional outpatient and administrative office buildings to be constructed over the term of a 25- year master plan (the "Medical Center Project"). Kaiser desires to submit its application in the summerlfall of 2008 for the Medical Center Project. E.. The portion of I-880 from the Davis Street exit through the Marina Boulevard exit is currently planned to be improved by the addition of a southbound HOV lane from the northern San Leandro border to just south of the I-880/Marina Boulevard-Marina Automall Interchange , and these improvements have been substantially but not completely funded by the Corridor Mobility Improvement Program of the State Infrastructure Bond Program. ("HOV Lane Project"). under Proposition ] B approved by the voters of the State of California in 2006, improvements will be completed by January 1, 2012 for the HOV Lane Project ,which includes rebuilding of the overpass at Marina and the ramps and roads that serve the overpass (the "Marina Interchange"). F. The Marina Overpass does not meet current Caltrans standards and a recent tractor-trailer truck accident at the Marina Overpass caused serious traffic delays and dangers to public safety. In addition, the improvements proposed for the Marina Interchange in the HOV Lane Project will only be satisfactory for traffic conditions prior to completion of the Medical- Retail Complex. To minimize the disruption of traffic, provide the necessary funds for construction and ensw-e timely completion of the Marina Interchange and HOV Lane Project prior to the completion of the Medical-Retail Complex, a mutually beneficial plan that includes certain additional improvements to the proposed Marina Interchange to accommodate future traffic conditions has been developed by Kaiser, the City and the Alameda County Congestion Management Agency ("ACCMA"). The success of this plan is based primarily upon Kaiser's ability to provide the Medical-Retail Complex's financial contribution for the Marina Interchange and the City's subsequent agreement with the ACCMA to forward the contribution and mutually agree to the completion of the Marina Interchange in conjunction with the HOV Lane Project to meet the City's development needs. G. Both the Retail Project and the Medical Center Project require significant infrastructure upgrades to the local streets, highways, and transportation network in the vicinity of the Medical-Retail Complex. The Parties acknowledge and agree that without these needed infrastructure improvements to the streets and highways surrounding the Medical-Retail Complex, it will be difficult to develop viable retail or medical uses at this location. H. To make this location suitable for development, the Parties desire to enter into an MOU for the funding of the design and construction of the Marina Interchange infrastructure to ensure that the Marina Interchange will have adequate capacity for the Medical-Retail Complex. With a funding commitment from Kaiser, the City will coordinate further funding with the ACCMA, the Alameda County Transportation Improvement Authority ("ACTIA"), Caltrans, other responsible state and federal agencies, and future private developers in the area. #380424 2 1 /2008