ShorelineMarina Highlights 2008 0422

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Director Udemezue stated that the cost to the City to dredge the channel and dispose of the material at the DMMS would be between $7.2 and $15 million. Director Udemezue briefly outlined the feasibility of using alternative sites around the Bay Area for disposal and explained that these were not reasonable alternatives at this time. Director Udemezue concluded, stating that the ACOE needs a commitment within the next three weeks in order to dredge in 2008. City Manager Jermanis stated that there is insufficient money in the Shoreline Enterprise Fund and General Fund to fund dredge disposal. Assistant City Manager Hollister summarized a presentation on the Shoreline-Marina Area he made to the Bay Planning Coalition. The Committee agreed that staff should work with a hydrologist to determine the dredging level required for various types of water related activities. 2. Discussion Regarding Reconfiguration of Boat Harbor City Manager Jermanis explained that the City needs to figure out how to best take advantage of the Federal dredge funding by deciding what types of water related activities would be appropriate at the Shoreline -Marina Area and the depth of the dredging that would be required. Public Works Director Bakaldin provided the Committee with a presentation which contained trend data regarding berthing rates and vacancies at the harbor. Director Bakaldin also analyzed the financial feasibly of constructing additional covered berths and concluded that construction was not financially feasible. Director Bakaldin provided an overview of other harbors' rates and projections on the necessary rate increase required to cover operating expenses including debt, capital improvements and dredging. He reported that the market is currently unable to support the rates required to maintain the boat harbor. 3. Update on Master Developer Selection Process City Manager Jermanis explained that the City Council directed staff to explore the use of a Master Developer to better understand the development possibilities of the Shoreline -Marina Area. Staff solicited development team proposals through a Request for Qualifications process and six responses were received. Five development teams were determined to be qualified. Business Development Manager Battenberg updated the Committee on the search for a Master Developer, explaining that the five qualified development teams had been interviewed and that, during the interview process, one team withdrew from consideration. Manager Battenberg explained that one team stood out from the others with impressive qualifications and direct experience in similar shoreline development. Manager Battenberg shared that a report, including a staff recommendation, has been distributed to the Ad Hoc Committee which will meet following today's Shoreline-Marina Committee meeting.